By Steve Kania
Payroll technology has become so easy to use at this point that doing it the old fashioned way (i.e., doing it yourself) seems almost like listening to music on cassette or having a car phone.
Still, it’s understandable that small business owners might be concerned about costs and finding a payroll service they can trust. But the truth is, with all the complications of payroll taxes, you’re more likely to reduce costs in the long run.
Consider these five reasons to outsource payroll to an online payroll provider:
1. Time is money. Payroll is an essential function, but it’s not core to your business. So why should you spend any more than a few minutes on it? Technology can make it a two-minute task rather than two hours.
3. Direct deposit. It’s the easiest way to pay people. You shouldn’t have to go through the manual labor of physically writing checks.
4. Document management. Online payroll means never having to dig up reports or paystubs. It’s all right there for you in the cloud.
5. Expertise. Payroll is complicated enough that everyone needs help from time to time. You should have professionals available to answer your payroll questions.
Consider these reasons before putting more unnecessary time into payroll.