How and why it works to your advantage.
Many small businesses spend countless hours managing their own payroll with the idea that they can’t afford to ask for help. But most business owners who handle payroll internally do not truly understand the effort and time they’re wasting on payroll changes, processing, and filing. It’s huge. Here are some numbers to consider.
Did you know that the average 20-person firm spends $800 per month on payroll efforts?
And the average 100-person firm spends $3,500 per month?
Even more, one out of every three employers gets charged for a payroll mistake, according to the Internal Revenue Service.
Unless you specialize in accounting and payroll services, mistakes are difficult to avoid. With regulations constantly changing, tax filings omissions and errors are easier than ever to make. And the penalties aren’t cheap.
Why spend more and put your organization at risk? When you outsource payroll, you can save money and energy for growth. You protect yourself from risk. And you can eliminate that weekly headache.