Taxes, in general, are always a pain. When it comes to payroll and dealing with employee tax, along with the other state and federal taxes for a business, it can be a slew of problems or worse, fines.
Keeping up-to-date with different tax codes, or new laws going into effect in the human resources department takes a lot of time. It's difficult to come across that time for a small business, and can end up costing money, which they can't afford.
Outsourcing payroll to a professional is the best option. The industry is flooded with competition, and makes for a price that can't be beat. When it comes to shopping for an outsourced payroll provider the #1 concern should be customer support and service, not price.
This infographic will show what's actually being outsourced to the payroll specialists, and how a small business owner can benefit:
Here is a simple list of payroll specialists:
ADP serves over 600,000 companies across the world and has a great reputation for reliability. SurePayroll has an extremely simple way to get a quote and start doing business. Gusto (formerly ZenPayroll) is a great outsourced solution for very small businesses with fairly uncomplicated payroll needs.
Keeping in touch with the payroll service provider is important, so it's crucial to sign on with a company that can be communicated with and are sensitive to their customer's needs.
If you're struggling with your bookkeeping, be sure to download our free ebook: