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Outsourcing Payroll: Should You Consider It?

<p>Payroll can be an intimidating chore&period; It is usually described as the most time-consuming and frustrating aspect of business management&period; With that said&comma; it’s not surprising that many new business owners feel overwhelmed with the task&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; left"><img class&equals;"aligncenter" alt&equals;"payroll graphic" src&equals;"http&colon;&sol;&sol;myblogguest&period;com&sol;forum&sol;uploads&sol;articles&sol;2013&sol;7&sol;outsourcing&lowbar;payroll-&lowbar;should&lowbar;you&lowbar;consider&lowbar;it&lowbar;-&lowbar;clickandinc&lowbar;pic&lowbar;1&period;jpg" width&equals;"410" height&equals;"377" &sol;><&sol;p>&NewLine;<p>However&comma; there are ways to simplify payroll processes&period; In fact&comma; simplification is the key to making payroll processes doable&period;<&sol;p>&NewLine;<h3><strong>How to Start<&sol;strong><&sol;h3>&NewLine;<p>Most business owners are not accountants by trade&period; Even so&comma; they are aware of the importance of keeping good records and tracking everything related to the business&period;<&sol;p>&NewLine;<p>Payroll processes are based on recordkeeping&period; This includes everything from the addresses and social security numbers of employees to the hours employees work during each and every pay period&period; Other records that must be tracked include things like any deductions that will be withheld from paychecks and where those funds will be sent&period;<&sol;p>&NewLine;<h3><strong>Getting Information<&sol;strong><&sol;h3>&NewLine;<p>As an employer&comma; it is important to ensure that you keep your employees happy&semi; happy workers are more productive than unhappy workers&period; Plus&comma; as an employer&comma; it is your responsibility and obligation to pay employees accurately and on time&period;<&sol;p>&NewLine;<p>In addition&comma; employers must comply with all tax guidelines&comma; laws&comma; and regulations&period; It can be a lot to learn for someone totally new to payroll&period; That’s why it is advisable to begin learning about the processes as soon as possible&period;<&sol;p>&NewLine;<h3><strong>If it Doesn’t Work<&sol;strong><&sol;h3>&NewLine;<p>Some business owners simply do not want to take the time and effort to deal with payroll processes&period; The complicated calculations and stress about meeting deadlines and other worries are just too overwhelming&period;<&sol;p>&NewLine;<p>These individuals have some choices&period; They can hire a payroll team&comma; use payroll software equipment&comma; or they can simply outsource payroll processes&period; Hiring a payroll team can be extremely expensive&comma; especially for a new business&comma; so that is seldom an option&period;<&sol;p>&NewLine;<h3><strong>About Payroll Software Programs<&sol;strong><&sol;h3>&NewLine;<p>Payroll software programs are ideal for business owners who want to maintain some or most control of the payroll processes&period; These programs are available online or as in-house purchases&period;<&sol;p>&NewLine;<p>Before purchasing a program or subscribing to an online program&comma; it is important to first determine your business needs and preferences&period; Some of the programs can be integrated with programs already in use in the human resources department&period;<&sol;p>&NewLine;<p>Because data can be shared between the systems this can save you a great deal of work&period; In most cases&comma; after the information is initially entered into the payroll software&comma; you will only need to enter updates&comma; such as pay upgrades and hours worked&period;<&sol;p>&NewLine;<p>Most of the programs can either print checks or create direct deposits&period; Plus&comma; the programs are updated with the latest tax regulations&period;<&sol;p>&NewLine;<p><img class&equals;"aligncenter" title&equals;"solution" alt&equals;"" src&equals;"http&colon;&sol;&sol;smartphotostock&period;com&sol;uploads&sol;3&sol;solution&period;jpg" width&equals;"576" height&equals;"381" &sol;><&sol;p>&NewLine;<h3><strong>Outsource Payroll <&sol;strong><&sol;h3>&NewLine;<p>Alternatively&comma; payroll processes can be outsourced&period; Businesses can consider outsourcing payroll either to an accountant or to a payroll processing company that specializes in these services&period; Obviously&comma; payroll companies can usually offer better quality services&period;<&sol;p>&NewLine;<p>Most of these companies allow businesses the option of maintaining as much control over their payroll processes as they like&period; However&comma; the majority of businesses that decide to outsource to payroll companies seem to prefer to give up control&period; With this option&comma; all they need to do is supply the hours worked by their employees and the rest of the payroll processes can be handled by the payroll company&period;<&sol;p>&NewLine;<h3><strong>Peace of Mind<&sol;strong><&sol;h3>&NewLine;<p>Running a business can be hectic&period; This is especially true when the business is new&period; The business owner always has a long list of things to do&comma; and payroll can be extremely time-consuming&period;<&sol;p>&NewLine;<p>The worry&comma; angst&comma; and frustration related to payroll can have a direct impact on other areas of business as well as on other areas of the owner’s life&period; For instance&comma; it can lead to sleepless nights that result in less-than-pleasant days&period;<&sol;p>&NewLine;<p>The solution is to simplify payroll in the easiest way possible&period; Outsource&period; It’s a one-word simple solution&period;<&sol;p>&NewLine;<p>If dealing with payroll leaves you feeling drained&comma; frustrated&comma; and worried&comma; then yes&comma; you should outsource&period; It is easy&comma; and it’s a cost-effective way to get the peace of mind you need&period;<&sol;p>&NewLine;<h5>Featured images&colon;<&sol;h5>&NewLine;<p><span class&equals;"license">License&colon; Royalty Free or iStock<&sol;span><&sol;p>&NewLine;<p><span class&equals;"source">source&colon; Stuart Miles at FreeDigitalPhotos&period;net<&sol;span><&sol;p>&NewLine;<p><span class&equals;"license">Image by My Blog Guest<&sol;span><&sol;p>&NewLine;<p>Debbie Allen is a professional writer and online marketer&period; Besides writing about payroll and online marketing strategies&comma; Debbie also enjoys writing about things like home décor&comma; self-development&comma; the Law of Attraction&comma; fashion&comma; and work-at-home issues for a variety of companies such as Payroll&period;Intuit&period;com&period;<&sol;p>&NewLine;

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