Why Outsource Payroll?
Cut Costs. The direct costs of processing payroll can be greatly reduced by working with a payroll provider. Our research indicates that a small business of 10 employees will typically spend $2,600 per year in direct labor costs associated with payroll.
Avoid Penalties. According to the IRS, 40% of small businesses pay an average penalty of $845 per year for late or incorrect filings. Outsourcing to a trusted national provider like Pay(k)onnect gives you a penalty free guarantee. If penalties occur, the provider pays them. In most cases, this cost-saving alone justifies the outsourcing decision.
Take the Pain Out of Payroll. Payroll is a hassle when you do it yourself. Employers who outsource eliminate this major source of administrative pain.
Offer Direct Deposit. It’s easier for employees, who want direct deposit because it’s easier and more convenient. Employers prefer direct deposit because it eliminates time-consuming paper handling, reduces errors and eliminates the need to reconcile individual payroll checks every month.
Free Staff to Focus on Value-Added Tasks. Because payroll is our business, we can do the job more efficiently than you can do it yourself. While our experts handle paycheck preparation, tax details, reporting and more, you and your staff are free to focus on what really matters.
Avoid Technology Headaches. Concerned that you don’t have the latest version of your payroll software or the most recent tax tables installed on your computer? If you don’t, stiff penalties can be the result. Outsourcing eliminates these worries.
Up-to-Date Expertise. If you’re like most business owners, you don't have time to keep up with constantly changing regulations, withholding rates, and government forms. When you outsource, you get access to the latest payroll knowledge without having to invest in the ongoing training of your own employees.
Preserve Skills. Just when your in-house payroll is running smoothly, your bookkeeper leaves for a new job and your payroll knowledge walks out the door with her. Outsourcing eliminates the risks of turnover.
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