15760 Ventura Blvd, Suite 610 Encino, CA 91436
FREE CONSULTATION818-436-2775
15760 Ventura Blvd, Suite 610 Encino, CA 91436
FREE CONSULTATION818-436-2775
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Personal, Affordable Payroll Services, Bookkeeping, and Tax Processing for Small Business throughout Los Angeles County.

4 Benefits of Outsourcing Payroll Services

Accurately managing a company’s payroll can be very time consuming, even for a small company. Hiring an experienced payroll services company, can help eliminate a lot of the headaches and costs associated with processing a payroll. Here are 4 benefits of outsourcing payroll services in Los Angeles.

Accountability
Tax rules and regulations are constantly in flux. Outsourcing your company’s payroll services can alleviate the pressure of having to know every detail of the most recent tax code change, filing deadlines and the latest version of payroll software.

Reduce costs
There are costs associated with handling payroll services in Los Angeles in-house. In order to process payroll, it may require an employee (or employees) dedicated to the task. Payroll software will be needed. This type of software can be complicated. There are typically yearly updates and enhancements to the software that will need to be learned and implemented. Employees and the IRS have to be paid on time and in full or there will be penalties.

Avoid Penalties
Approximately 40% of small businesses incur fines every year because of missed deadlines or errors to their filings, according to the IRS. Computing payroll taxes incorrectly can come with relatively stiff penalties. Most payroll service companies guarantee their clients will not have to pay any penalties.

Employee productivity
Payroll service companies are experts at processing payroll. They have the best tools to do it and accomplish what is needed very efficiently. It may take more time for a less experienced company employee to complete the same task. Outsourcing a company’s payroll services can free-up the time of employees to focus on growing a business and generating more revenue.
There are many benefits of outsourcing payroll services in Los Angeles. It shifts accountability of the responsibility to the payroll company that has been engaged. Hiring a payroll services company can also help to reduce costs associated with managing a payroll, including buying the latest version of payroll software and dedicating employees to the task.