Filling out forms, paperwork, financial administration, and payroll are often cited as the worst part about running a small business. In fact, more than 50% of small business owners say they spend between one and five hours per month on payroll alone. Nearly 30% admit to spending six hours to more than 10 hours per month on payroll administration, according to SCORE.
That is a lot of time small business owners can’t afford to lose. But there’s help. One call to NetPEO at (678) 841-7195 allows you to save time and money by shifting payroll administration to a skilled specialist. You can get back to work growing your business and making your customers happy.
As a business owner, you certainly understand how to write a check. However, managing payroll just isn’t what it used to be. Most small business owners are not prepared to:
- Stay up to date on federal and state labor and tax laws
- Set up and administer direct deposit
- Learn the ever-changing federal, state, and local tax codes
- Properly deduct child support, union dues, or wage garnishments
- Handle unemployment claims
- Tackle year-end tax filing
- Correctly classify employees such as contractors and freelancers
- Certify payrolls
And if your Atlanta-based business has operations in other states or remote employees around the world, the payroll issues just get more complicated.
Benefits of Outsourcing Payroll Administration
As a business owner, payroll might not be your favorite task, but outsourcing it can feel overwhelming and frightening. However, there are many benefits to having a skilled, qualified organization handle your payroll tasks.
You already know this, but doing payroll takes time. And you can’t cut corners to get it done either. As your company grows and you hire additional employees and contractors, payroll just becomes more complicated and time-consuming.
For many small business owners, getting that time back is reason enough to outsource payroll administration.
Take just a moment and calculate how much time you spend doing payroll each day and each month. If you were charging your going rate for that service, imagine how much you could be making. That’s how much your business is losing for each hour you’re focused on payroll administration tasks instead of maintaining, growing, or marketing your business.
That is the number to keep in your mind when exploring your payroll outsourcing options. You’ll be amazed at how much money you’ll actually save by outsourcing payroll tasks.
Stop the Frustration
Employee hours, employee classification, direct deposit, physical paychecks, paid time off, taxes, reporting, and much more. Your business is not payroll administration, so it does not make sense to spend so much time tearing your hair out over the ever-changing rules, laws, and tasks surrounding it.
When you make mistakes or miss a step in your payroll process, the consequences can be enormous. No one cares about your lack of time or experience when you’re up against violations with local, state, or federal agencies. While there is a lot of support for Atlanta small businesses, there are also a lot of rules that must be followed.
Unless it is your full-time focus, it is nearly impossible to stay on top of changing laws, rules, and regulations. Fortunately, when you work with a trusted small business payroll company, it is their entire focus. Your payroll partner is up-to-date on labor and tax laws, reporting requirements, and they take on liability for any issues or mistakes. That means your business remains compliant and faces little to no liability.
How to Choose Your Level of Payroll Service
NetPEO offers you the ability to start small and scale up. Or start bigger and flex, if needed. For many small businesses, their first choice is to completely outsource their payroll services. However, other organizations prefer to handle some aspects in-house while outsourcing others.
Popular a la carte choices include:
For companies wishing to input their own payroll information, it’s important to have an easy-to-use system with full support, when needed. NetPEO offers exclusive software and we’re there to assist with any questions or issues that arise.
Employee Self-Service (ESS) Portals
You can provide your employees the ability to enter, view, and print their vital payroll information anywhere, any time, at their convenience. Managers appreciate ESS portals for ease of time tracking and schedule creation.
Complete Payroll Administration
When you’re ready to say goodbye to your in-house payroll administration to-do list, NetPEO is here for you. From tracking PEO and the ins and outs of withholdings to inputting Davis-Bacon and certified payrolls, your NetPEO specialist can do it all.
When Payroll Outsourcing Will Work for Your Business
Whether you have three employees or 333 employees, outsourcing some or all of your payroll tasks is good for business. NetPEO works with companies of all sizes, across industries to help them save time, money, and avoid costly fines and penalties for violations.
Schedule Your Business Payroll Needs Assessment Today
NetPEO works with you to determine your unique payroll needs, business growth goals, and pain points. We put together a custom package to ensure your small business payroll is covered exactly as you need it to be. Call NetPEO at (678) 841-7195 or fill out the form to get started with your needs assessment.