Of all the things employees rely on you as a business owner to perform correctly, it's payroll. But when you're a small business owner who can't quite justify hiring full-time HR personnel to do tasks such as payroll, the burden and responsibility falls on you. The good news is you don't need to add payroll to your already too-long task list. Here are 3 main benefits of outsourcing this important job to professionals:
Save time: The saying "time is money" might be cliché, but it's also true. The time you spend on your business should be dedicated to tasks that will help your business grow and thrive, not on working on payroll. Let an expert take care of payroll so you can worry about the rest of your business.
Save money: It might seem counter-intuitive to say that paying someone to do your payroll will save money, but consider this. According to the IRS, 40 percent of small businesses pay an average penalty of $845 per year for late or incorrect filings and payments, and business owners who take charge of payroll need to adhere to the IRS's guidelines for making timely federal tax deposits. As someone who isn't necessarily trained to handle payroll, you are more likely to make errors that will end up costing your company money. Avoiding IRS penalties will already basically cover the cost of paying for a payroll service.
One less burden: Beyond saving company time and money, you'll save yourself energy and headaches by trusting a professional to take care of payroll for you, giving you time to focus on your business as well as take some extra downtime to recharge instead of spending "free time" worrying about making tax deposits and paying your employees on time.
Simplify your life by letting Simplicity take care of your payroll. To get started or to find out more about how we can benefit your business, please contact us at info@simplicityus.com or call 1-844 MY ACCTG.
Simplicity Consulting is a professional accounting and administrative services firm run by a talented team of professionals. With a combined experience level of over 40 years, we provide high-quality, innovative services to small and medium sized businesses.
Save money: It might seem counter-intuitive to say that paying someone to do your payroll will save money, but consider this. According to the IRS, 40 percent of small businesses pay an average penalty of $845 per year for late or incorrect filings and payments, and business owners who take charge of payroll need to adhere to the IRS's guidelines for making timely federal tax deposits. As someone who isn't necessarily trained to handle payroll, you are more likely to make errors that will end up costing your company money. Avoiding IRS penalties will already basically cover the cost of paying for a payroll service.
One less burden: Beyond saving company time and money, you'll save yourself energy and headaches by trusting a professional to take care of payroll for you, giving you time to focus on your business as well as take some extra downtime to recharge instead of spending "free time" worrying about making tax deposits and paying your employees on time.
Simplify your life by letting Simplicity take care of your payroll. To get started or to find out more about how we can benefit your business, please contact us at info@simplicityus.com or call 1-844 MY ACCTG.
Simplicity Consulting is a professional accounting and administrative services firm run by a talented team of professionals. With a combined experience level of over 40 years, we provide high-quality, innovative services to small and medium sized businesses.
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