3 Reasons Why Payroll Is Best Left To The Experts - PowerPoint PPT Presentation

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3 Reasons Why Payroll Is Best Left To The Experts

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Finding a reliable and budget friendly payroll provider can take time and effort, not to mention the work that will be involved in the transition to working with a third party, so is it worth it? We think so, and here are 3 reasons why payroll is best left to the experts: – PowerPoint PPT presentation

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Title: 3 Reasons Why Payroll Is Best Left To The Experts


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3 Reasons Why Payroll Is Best Left To The Experts
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  • Finding a reliable and budget friendly payroll
    provider can take time and effort, not to mention
    the work that will be involved in the transition
    to working with a third party, so is it worth it?
    We think so, and here are 3 reasons why payroll
    is best left to the experts
  • 1.It allows you the time to focus on your core
    business
  • While payroll doesnt have a direct effect on
    sales, its still a vital part of any business,
    and when it isnt functioning efficiently, it can
    end up costing you in both time and money.
    Penalties apply if state and federal rules and
    regulations arent followed and keeping up with
    these alone, can be time consuming.

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  • Hiring new intake has its own set of rules, not
    to mention workers compensation insurance and
    unemployment compensation. This all takes
    considerable time and energy and your focus will
    certainly not be on the other important elements
    of your business.
  • Outsourcing payroll allows you, as the business
    owner, to shift the focus back to your core
    activities without the worry of tax compliance or
    employees not being paid accurately and on time.

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  • 2.I You will be able to use the latest technology
    and benefit from their expertise
  • Todays employer relies heavily on technology to
    operate their businesses efficiently, and without
    such technology as direct deposit and
    self-service access to payroll for employees,
    even they will not be satisfied. Mobile devices
    are also meaning that technology is at the
    forefront of successful businesses, and keeping
    up with this and indeed, having access to it, is
    far easier when you engage the services of a
    payroll provider.

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  • The expertise that a payroll provider can provide
    you with is priceless, especially as employers
    now must deal with thousands of federal, state
    and local tax laws. Not only are there thousands
    of rules and regulations, but they are constantly
    changing, and keeping on top of them and
    remaining up to speed with the law, is an uphill
    battle. Outsourcing payroll means that a team of
    experts who pride themselves on being up to date
    with all laws related to payroll, will simply
    ensure that youre consistently compliant and
    never face costly penalties or fines.

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  • 3. Costs and risks are significantly reduced
  • Its a lesser known fact that many businesses are
    overpaying their employees by around 4, and this
    is usually down to discrepancies between the
    employees time record and an accurate one.
    Naturally, using the services of a payroll
    provider can help limit these errors and ideally,
    stop them.
  • As well as these costs, there are the risk
    associated with violating reporting and other
    requirements, with many small businesses paying
    penalties at an average of 850 per year for late
    or incorrect filings.

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  • If you can find a good payroll provider, then
    they will usually prove incredibly useful. Not
    only will they give you peace of mind, but
    theyll give you more time to spend on other
    elements of your business that may have fallen
    behind due to your payroll commitments.
  • Apollo Payroll is one of the premier small
    business payroll services companies in Miami and
    Coral Gables. Apollo Payroll is dedicated to
    delivering expert advice, responsive service, and
    highly accurate payroll processing and reporting
    to ensure the success and growth of the business
    that we serve. Our services include comprehensive
    online payroll services, employee background
    check and employee timekeeping services.
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