Outsourcing Payroll Could Be The Best Decision For Your Business - PowerPoint PPT Presentation

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Outsourcing Payroll Could Be The Best Decision For Your Business

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There are many reasons why outsourcing payroll proves to be a great business minded solution for companies the world over, and millions do so every year. There are of course, some businesses who choose to handle payroll functions and responsibilities themselves, through manual bookkeeping or payroll apps, but small business owners are increasingly turning to professional payroll providers, and here’s why: – PowerPoint PPT presentation

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Title: Outsourcing Payroll Could Be The Best Decision For Your Business


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Outsourcing Payroll Could Be The Best Decision
For Your Business
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  • There are many reasons why outsourcing payroll
    proves to be a great business minded solution for
    companies the world over, and millions do so
    every year. There are of course, some businesses
    who choose to handle payroll functions and
    responsibilities themselves, through manual
    bookkeeping or payroll apps, but small business
    owners are increasingly turning to professional
    payroll providers, and heres why
  • It can save you a whole bunch of time
  • Whether you have a hundred employees, or ten,
    processing payroll is a task that consumes a lot
    of time and requires precise attention to detail.
    The time that it

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  • takes to type in data and check for errors, could
    be time better spent in other areas of the
    business, such as building revenue and engaging
    with clients. When you outsource payroll,
    business owners can spend their time more wisely
    and may only be required to have contact with
    their chosen payroll company once every pay
    period.
  • It can save you a whole bunch of money
  • As they say, time is money, and when you
    outsource payroll, you will save money as they
    can take on several roles that you may have had
    to employ others to fulfil, such as

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  • Calculating payroll
  • Printing, signing and distributing pay checks or
    pay stubs
  • Report generating for in-house and accountants
  • Preparing and remitting payroll taxes and returns
  • When you assess the capabilities of a full-time
    payroll provider on a per-payroll-period or
    monthly basis, analysing the time and cost, it
    may well make financial sense to outsource
    payroll.

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  • It can give you extra security
  • Identity theft, embezzlement or fiddling with
    records, are all risks when you handle payroll
    in-house. Even those companies who use payroll
    software bought from a source that isnt well
    established, run the risk of them going out of
    business or being bought out. Business owners
    also need to ask themselves how safe and secure
    payroll data is on the companys server or
    network?
  • Outsourcing payroll gives you increased security
    and peace of mind, since an experienced and
    trusted service provider will keep your data
    strictly confidential with the use of modern
    systems for storing and protecting data.

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  • Keep you on the right side of state and federal
    laws
  • Tax regulations can be complex, and laws are
    known to change frequently. However, business
    owners are legally required to accurately report
    employment taxes to state and federal agencies,
    and it is wholly their responsibility, no matter
    how confused they may be about the different
    regulations.
  • Failure to comply with state and federal laws can
    lead to audits and costly penalties, both of
    which can be avoided if you outsource payroll to
    a trusted provider.

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  • Outsourcing payroll could be the best decision
    for your business, and there are few who employ
    their services and go on to regret the decision.
    If saving time and money, having greater security
    for your payroll data and staying on the right
    side of the IRS is your priority and it should
    be then you would be wise to find a payroll
    provider that will suit your businesses needs.
  • Koza Consulting Group, headquartered in San
    Diego, California, is a premier provider of
    strategic HR, IT, Bookkeeping and Payroll
    solutions specifically developed for small and
    mid-tier companies. If you are looking for
    payroll services san diego or san diego human
    resources consulting firm, Visit us at
    https//www.kozaconsultinggroup.com
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