Why Small Businesses Should Use a Payroll Software Program

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Why Small Businesses Should Use a Payroll
Software Program

• THE RIGHT USE OF PAYROLL SOFTWARE

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• Accounting Business Solutions, LLC is a company
  that provides payroll services for small, medium,
  and large companies. It provides these services
  by compiling information about an individual or
  companies who need Payroll Services, such as
  Taxes, QuickBooks Software, Periodic Accounting,
  and much more. They then make offers to the
  companies that meet their criteria. As much as
  these payroll systems have provided ease to
  companies by eradicating the need of hiring a
  full-time accountant, there are also some mixed
  remarks circulating regarding the functionality
  of payroll software systems.

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• The majority of payroll services for individuals
  are provided by Direct Deposit. This is because
  individuals prefer to receive their paychecks by
  direct deposit. On the other hand, some companies
  use payroll softwares to receive their checks.
  Individuals also like to have the option to pay
  their taxes upfront versus waiting until their
  next paycheck. By using a payroll service to make
  your tax payments, you not only avoid late fees,
  but you also ensure that your tax payments are
  made on time, every time.

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• The average company in the United States has two
  employees. If you were to provide payroll
  services for a company with twenty-five
  employees, it would take you about thirteen hours
  to complete the work. When you compare this to a
  company that has one employee, you see that
  providing payroll services saves both time and
  money. The average company has between five and
  eight employees, which means that it takes a lot
  longer to complete payroll services for them
  compared to a medium-sized company with between
  five and ten employees.

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• A medium-sized company's time frame to get their
  paperwork done may be longer or shorter. A
  company with fifty to seventy employees may take
  six to eight hours to get all of their paperwork
  done. If you were to use a payroll service for a
  company with twenty-five employees, it would take
  four to six hours. This is because payroll
  processing takes time... time that employees are
  spending on their various projects. By using
  payroll software, the human resource department
  is freed up, so they can handle their various
  projects more efficiently.

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• Smaller businesses have even found that they are
  able to save money by using payroll and
  accounting services. Some small businesses have
  saved as much as forty percent or more by using a
  payroll service to handle their payroll. This is
  primarily because human resources and accounting
  employees do not need to be allocated to handle
  the payroll by the business owner.

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• If you are a business owner who is considering
  using a payroll service, you should consider the
  following. A payroll service can save your
  company money on payroll taxes. Human resources
  employees are freed up, so they can handle their
  various projects more efficiently. The payroll
  taxes that your business will be required to pay
  can also save your business money.

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