Outsourcing payroll to a payroll service is almost as common in today’s workplace as computers and smartphone. With the IRS reportedly fining nearly one out of every three companies that handles payroll on their own, it’s easy to understand why. Reducing errors and more productivity in your payroll department make a valid case for using a local payroll service. There are hundreds of companies specializing in payroll serviced, and choosing the best one can be extremely difficult to do. Fortunately, there are a few things that you can do that will help you select the very best payroll service possible. Here are three important things to keep in mind when choosing a payroll service.
1. Start by making a list–Make a detailed list what you need from your payroll service. Once you understand just what you want from a payroll service you’ll be better equipped to select the one that can solve all of your problems. Basic payroll services include federal and state tax and salary calculations for each employee; check distribution or direct deposit account set up, and regular financial reports. If a payroll service lacks these simple functions, you should probably look elsewhere.
2. Look at Special Features – Is your payroll company local and accessible? A trusted local payroll service will offer features beyond just the basic ones, and many of these features could benefit your company tremendously. Local payroll services can help your company on a personal level and offer extra features and benefits tailored for your community.
3. What will it Cost? –Of course price isn’t everything, but it’s still very important. Local payroll companies can save you money and time. It’s important to see what you’re getting for your money on paper so there are no questions about what services are included. You should also be wary of hidden fees that some payroll services may try to add later. You could, for example, be charged for each employee you add or for switching an employee to direct deposit. Be sure you understand the price of your payroll service before you commit.
“It’s very important for new business owners in San Francisco to do their research when choosing a payroll company,” says AP Payroll Service CEO Ryan Lee, “because oftentimes their future depends on it.”
Whether you decide to integrate payroll online tools or outsource your payroll needs, keep the above tips in mind when searching for a payroll service and you’ll be satisfied.
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