Can Outsourcing Payroll Ever Be Cost Effective? - PowerPoint PPT Presentation

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Can Outsourcing Payroll Ever Be Cost Effective?

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The short answer to this question will always be a definitive, yes, but let’s look at the benefits of outsourcing payroll in a little more detail, and as a small business owner, you can make an informed decision as to whether you should choose to outsource this vital element of your company: – PowerPoint PPT presentation

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Title: Can Outsourcing Payroll Ever Be Cost Effective?


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Can Outsourcing Payroll Ever Be Cost Effective?
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  • The short answer to this question will always be
    a definitive, yes, but lets look at the benefits
    of outsourcing payroll in a little more detail,
    and as a small business owner, you can make an
    informed decision as to whether you should choose
    to outsource this vital element of your company
  • If your company has expanded over a short space
    of time
  • Outsourcing payroll can solve a lot of problems
    for those businesses that have grown quickly, or
    those that have little to no knowledge and
    expertise related to the intricacies of payroll.

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  • Naturally there will be some work to do at the
    beginning of the process if you do choose to
    outsource, and you will always need to have some
    regular contact with the professional or agency
    that you choose, but the advantages will soon
    begin to outweigh these factors and a business
    may even find that it can reduce its overheads.
  • Saving time so that businesses can focus on what
    they do best
  • Its easy to understand why outsourcing payroll
    could save your business time, and once the
    system is in place and youve selected a payroll
    provider that youre comfortable working with,
    all you need to do as the business owner or
    manager, is sign off on the totals at the end of
    each pay period.

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  • Ensuring that you dont break any laws
  • Payroll professionals make it their job to ensure
    that companies are compliant with all tax related
    laws when it comes to paying their employees, and
    with that knowledge safe in mind, you will never
    have to worry about getting into any bother with
    the IRS. Keep in mind that each state has
    different tax laws however, and deductions and
    overtime vary from state to state, so invest some
    time in making sure that your payroll
    professional is conversant with these.

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  • Payroll outsourcing can save you money
  • Every small business should be aware of the
    ramifications if payroll is not carried out
    effectively, and while fines and audits are just
    one unpleasant consequence, dont forget that
    your employees themselves may be disgruntled and
    angry if they dont receive accurate pay and in a
    timely manner.
  • So, if you want to ensure that your tax filings
    are correct and on time and that your employees
    are paid accurately, then outsourcing payroll is
    a great way of doing this. Take the time to find
    a company that you can work successfully with,
    and watch as you and your management team find
    yourselves with a whole lot more time on your
    hands to focus upon making your business the very
    best that it can be.

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  • Apollo Payroll is one of the premier small
    business payroll companies in Miami Beach and
    Coral Gables. Apollo Payroll is dedicated to
    delivering expert advice, responsive service, and
    highly accurate payroll processing and reporting
    to ensure the success and growth of the business
    that we serve. Our services include comprehensive
    payroll service in Miami and other cities in
    Miami-Dade County, employee background check and
    group health insurance in Coral Gables Miami.
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