When you’re starting a business, it’s best to focus on what you do best and unless you’re an accountant, that probably doesn’t include the tedious and time consuming chore of handling payroll. It’s best to outsource payroll – it will save you time, money and aggravation. Too many start ups spend countless hours trying to do everything themselves — spending countless hours inputting data, writing checks, reconciling accounts, etc.
At Accu Data Payroll, we work with clients of all sizes – from 2 employees to over 2,000 employees. Whether you are a start up or a growing business, here are 7 reasons why outsourcing payroll is a smart business decision:
The direct costs of processing payroll can be greatly reduced by working with a payroll provider. Accu Data Payroll offers the most cost effective pricing.
Avoid IRS Penalties
According to the IRS, 40 percent of small businesses pay an average penalty of $845 per year for late or incorrect filings and payments. Accu Data Payroll has been submitting payroll taxes and filing payroll tax returns in-house for more than 25 years. Calculating and filing payroll taxes can be challenging – especially researching and maintaining changes in laws and deduction across federal, state and local municipalities. Accu Data Payroll keeps businesses in compliance and guarantees that payroll taxes are paid on time.
Eliminate Technology Headaches
A constant question for start-ups is whether they have the latest version of their payroll software and the most recent tax tables installed on their computer. Using the wrong tax tables can result in stiff penalties. Outsourcing payroll removes those headaches and keeps payroll running smoothly.
Leverage Outside Payroll Expertise
Most business owners don’t have time to keep up with constantly changing regulations, withholding rates, and government forms. By outsourcing payroll, a small business can take advantage of expertise that was previously available only to big companies.
Manual payroll is a headache in the best case and a nightmare in the worst case. Business owners who outsource payroll eliminate a tiresome source of personal pain.
Gain More Free Time
Payroll processing by hand is a time-consuming process. Outsourcing payroll can free up staff time to pursue more important value-added and revenue-generating activities. Inc. magazine recently identified payroll as the #1 task for small business to outsource, along with most accounting tasks.
Avoid Payroll Knowledge Walking Out the Door
If your bookkeeper or controller gets a new job, they will walk out the door with their knowledge of the payroll process and how you do it. Using an outside service eliminates that business risk.
Accu Data Payroll is a premier Long Island payroll company. For more than 25 years, intense focus on giving our client attention, accuracy and service has set Accu Data Payroll apart. And whether your business is large, small or just starting out, our cutting-edge technology means we’ll respond to your specific payroll needs. To find out more and set up a free consultation call us at 516-935-6767 or email us at firstname.lastname@example.org.