If your small business is growing or you just don’t work in the department that deals with it, payroll can seem like a daunting and complex task. And while there isn’t anything we can do about the complexity, our experts at ABC Payroll can at least make it less daunting. To do that, we are going to bust some common myths about payroll and payroll companies. Everything is easier when you’re working with the right information, isn’t it?
These are a few of the common misconceptions people have about payroll companies.
Payroll companies won’t work with small businesses.
This may have been true in years past, but it just isn’t so anymore. There are several options when it comes to payroll companies and payroll software. Whether your business only has five employees or over a thousand, there is a company that will specialize in payroll for your business and be the right fit. With so many software options available, payroll companies have never been more flexible.
Working out payroll is a one-time thing.
Would that it were so simple. But no, payroll is a continuous process that needs periodic evaluation and updates. While setting up payroll software is the first step, it doesn’t end there. To maximize its efficiency, someone needs to keep an eye on how the software is working. There will be areas that are prone to errors that need to be fixed and there are also repetitive tasks to be eliminated. Compliance standards, laws, and regulations also change, so someone needs to input that information and update the software accordingly.
It’s less expensive to handle payroll in-house.
You’d think that doing everything yourself would be less expensive, but if you’re not an expert, you’ll be wasting a lot of time. And we all know that time is money. You also open yourself up to mistakes which can cost you dearly if you get audited. On top of that, you still need to pay for the software, IT support, and security. When you outsource all that to a payroll company, you’ll save yourself time and money in the long run.
Save Time and Money with Payroll Companies
Everyone wants to save time and money, right? Well, that’s just what you’ll do when you bring in ABC Payroll to handle the payroll and accounting for your business. Payroll companies like us have a team of experts who know what your business needs. We are prepared to handle payroll and compliance issues, so you don’t have to worry about it and can get down to the business of running your business.