Payroll Articles

This set of payroll articles is an invaluable resource for a business looking to find payroll solutions.

Why outsource your payroll?

Handling one’s own payroll is, at times, hard work and requires a lot of meticulous checking and double checking of timesheets and other related forms. This gives the company less time to fully focus on their organization’s main goals since time is eaten up by trying to determine inconsistencies and deficits in their payroll system. Outsourcing their payroll functions ensures that everyone in the organization is freed of this tedious task and instead, will now be able to better focus their time and energies in meeting their organization’s goals.

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The top 5 reasons why small businesses should outsource their payroll

Starting and maintaining a small business is always very practical. With the continuing recession, having one’s business, no matter the size, provides a good cushion in times of unexpected job loss or economic turmoil. But maintaining these small enterprises can also constitute a lot of hard work. Balancing debit and credit sheets; and trying to determine where better to save or lessen overhead costs can be a time-consuming matter, oftentimes leading to unnecessary losses if done incorrectly.

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Employee Payrolls

Many small business owners struggle over the issue of employee payroll. Who should handle it? What is the best way to ensure accuracy? How does the process really work? As your most valuable assets, your employees deserve the best service you can provide when it comes to employee payroll checks.

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Tips on Hiring a Payroll Service Provider – Action Plan

Even with the known benefits of outsourcing payroll such as cost reduction, efficiency and increased productivity, government compliance and reduced liability concerns, savvy service buyers are still actively looking for tips on hiring a payroll service provider; hence, the need for a concrete action plan.

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What do payroll companies typically offer?

So what do payroll companies typically offer? The name of course implies payroll services, which entails, payroll calculation, tax administration, payment delivery and periodic reports. However, payroll companies offer way more than payroll related services. The payroll outsourcing industry did start with mostly payroll tasks when it was started more than half a century ago, but these days they also offer tax administration and compliance, HR tasks like training, recruitment and selection, employee benefits administration including workers' compensation and liability management.

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Payroll Outsourcing Companies - What You Need to Know About Pricing and Profit

The truth is, payroll outsourcing companies take a lot of the grind-work from organizations, so much so, that since the introduction of the payroll outsourcing concept more than 50 years ago, the industry has been going strong. That has always been the case for industries which provide services that actually have value. In this article, we will take a look at two aspects related to outsourcing to payroll companies, namely pricing and profit, for the purpose of acquiring enough understanding as to be able to judge how fair is fair and whether these companies really earn enough from your business.

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Payroll Direct Deposit - Frequently Asked Questions

Most companies offering payroll administration services have the payroll direct deposit payment or distribution option among its features. Direct deposit is widely used in the United States and there is a trend to in the payroll outsourcing industry that makes direct deposit the premium mode of funds transfer. The Internal Revenue Service even allows the refunds via tax deposits. Direct deposit may also be used for unemployment compensation and social security services and benefits.

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Payroll Administration Services for Small Businesses

Traditionally, acquiring payroll administration services for small businesses was hard. A lot of payroll companies used to choose to work only with clients which can give them high profits and it is hard to find a company who will work for smaller businesses for smaller fees. Nowadays though, pricing is more competitive. Payroll companies want and need the business of smaller companies. When choosing a company which would administer your payroll administration needs, here are the key things you need to consider.

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