According to statistics from March 2021, there are approximately 32.5 million small businesses in the U.S. You might be wondering how it’s possible that so many are able to stay afloat in today’s cutthroat world. At NetPEO, we know the secret to keeping a small business open and what it takes to help one thrive.
The answer to your small business problems is outsourcing! If you’re experiencing delays and costly mistakes in your payroll department, outsourcing related tasks to a small business payroll company in Kentucky can make your organization run more efficiently and save you a significant amount of money in the long run.
Outsourcing to a Payroll Company Can Dramatically Improve Your Small Business
Outsourcing your payroll tasks to a professional provider is one of the best measures you can take to improve your company’s payroll services. It’s also far less expensive to outsource than to keep an entire department in-house. With all that leftover cash on hand you’ll be able to focus on projects that bring your business to new heights.
When you partner with a small business payroll company in Kentucky, there are a number of tasks and services you can assign to them. They’ll complete all the payroll functions that your old in-house department used to be responsible for, except they’ll do it without error and in a timely manner. Here are some of the services your new provider will be able to take on:
- Deposits and tax information. There’s nothing that employees hate more than getting paid late or the wrong amount. You won’t have to worry about mistakes like those when you work with a payroll company. They’ll ensure your workers get their direct deposits and W-2 forms on time.
- Accurate reporting. If you decide to work with a small business payroll company, they’ll be able to provide you with up to date payroll reports whenever you need them.
- Administrative services. Your new partner can provide handy services like PTO and sick day accrual tracking, new hire payroll reporting, and wage garnishment management.
- Additional support. In addition to the already mentioned benefits of hiring a payroll company, you can also expect support with unemployment claims, workers’ comp deductions, union dues, paying contractors, and creating branded paychecks.
A Small Business Payroll Company Can Give You Access to Employe Portals
When you partner with a small business payroll company in Kentucky, your employees will gain access to helpful payroll software. The employee portal is an easy to use program that allows workers to view and print out their payroll information. It can also be used by management level employees to access timesheets and schedules.
Your workers can use the portal to view their sick days, PTO, deposits, tax information, and other payroll related information. Allowing your employees access to this information makes scheduling simpler and your worker’s lives easier, which means they’re more likely to stick around.
You Can Choose Which Services You Want Your Payroll Company to Provide
Another great feature of payroll companies is that they give the freedom to choose which services you want them to provide. For example, some business owners prefer to retain their in-house payroll department and use their provider for processing and check printing. You can also hire a provider to help with business tax law compliance.
Adhering to tax laws is important for any business, but it can also be confusing and time-consuming. That’s why our providers are able to handle your deductions, payments, and year-end paperwork. Having the ability to pick a la carte style which tasks you want your provider to manage is what makes payroll companies so helpful and cost-effective.
We Can Help Your Kentucky Business Find a Tailor-Made Payroll Company
At NetPEO, our top priority is finding you a payroll company that meets the unique needs of your small business in Kentucky. If you decide to work with us, we’ll learn everything there is to know about your company. This will help us find you a provider that can effectively address all the problems you’re having with your payroll.
In order to find you the best payroll company possible, we’ll need to know a lot about your current practices and department. Here are some of the questions we’ll ask to get a clearer idea of what your organization is struggling with:
- What does your ideal payroll department look like?
- What payroll mistakes do you see most often?
- Do you currently use payroll software or an employee payroll portal?
- Is your business growing or simply maintaining?
- Are you interested in partnering with a PEO and outsourcing other departments like human resources?
Small Businesses in Nearly Every Industry Benefit From Payroll Companies
Payroll companies have done so much good for so many small businesses across the nation. It’s true that an organization of any size can benefit from a provider, but small businesses can see a particularly significant improvement from hiring a payroll company.
Having the ability to outsource services to a provider can save you a fortune in mistakes and in-house employee salaries. That extra funding can be put towards any department that’s falling behind or even a project that will push your business forward. The benefits of a provider are truly unmatched, which is why companies in the following industries use them:
Call Us and Get a Free Quote Today
Time and resources are valuable, and should be spent on endeavours that elevate your business. If you’re tired of spending too much money on in-house payroll, a small business payroll company in Kentucky through NetPEO can provide better services for less.
Call us or fill out a contact form on our website to schedule a free consultation. We’ll give you a quote for a new provider and find you a payroll company that specializes in exactly what you need. When you realize how much we do to improve your business, you’ll be glad you reached out to us.