“I love doing payroll,” said no small business owner ever. You spend a lot of time managing the pay for all your hourly and salaried employees. It’s not easy calculating overtime, paid time off, processing tax forms, and direct deposits. Sometimes, it seems that once you have finished, it’s time to do it all over again. It all must be done on time and on budget—on a regular basis.
If you need more time to focus on other important tasks but can’t justify hiring a full-time administrative team to support your enterprise, a Tampa, FL, small business payroll company can be the best solution for you. Choosing NetPEO to handle your human resources and payroll needs can allow you the time you need to capitalize on productivity and save you money.
Why Consider Outsourcing Your Payroll?
When you are weighing your options for small business payroll processing services, there is more to consider than just the cost and time savings. Some of the benefits of payroll outsourcing include:
Compliance Made Easy
Remaining compliant with payroll tax laws and changes can be a headache. Failure to comply with the rapidly changing laws can land you in hot water with various agencies, including the IRS. A payroll processing company keeps current on these tax laws and regulations so that you don’t have to.
Your employees’ withholdings will be correct every time. You’ll be instructed on the exact amounts and agencies that you need to pay so that you can avoid any tax hassles or fines. you need to pay and send in the money to the correct agencies.
Saves Your Valuable Time
If this consumes as much of your time as it does for the average Tampa business owner, you are spending too much time focusing on the payroll. Dealing with the payroll of your company leaves you with less time to focus on your own business and making it grow.
Outsourcing to a small business payroll company helps save you money in more ways than one. You can free up your time, but have you ever taken the time to quantify the actual costs involved in payroll processing?
Using an outsourcing service for your payroll provides you with a quantifiable payroll processing cost and allows you to reveal the hidden costs you may have been missing.
Your payroll company will also save you money by preventing mistakes. Unless you work as an accountant, you may have inadvertently made calculation errors or missed important filing dates. Payroll processing services eliminate the occurrence of these costly mistakes and can save you money.
Small Business Payroll Processing Tasks
When small business owners call us requesting assistance with payroll administration, we typically hear about their least favorite aspects of the task. Everyone has a chore they dislike, but using the services of a small business payroll company in Tampa can remove these tasks from your plate.
Some of the payroll tasks we can perform for your business include:
- Handling separate payroll requirements and practices for employees versus contractors
- Setting up and maintaining direct deposit
- Implementing a branded payroll process, including branded checks
- Federal, Florida, and local tax withholding and reporting
- Accurate accrual and reporting of employee PTO
- Unemployment claims
- Withholdings such as garnished wages and child support
- Union dues deductions and handling
- Employee onboarding
- Employee terminations, including the continuation of benefits
These are just a few of the services we can offer to your small business. Whatever your payroll needs are, we are ready to craft the right solution.
Budget-Friendly Payroll Assistance Solutions for Tampa Small Businesses
Fortunately, we offer you the opportunity to choose which services you outsource. Some small businesses in Tampa prefer to handle their own payroll but need easy-to-use and innovative tools to simplify and speed up the task. Others prefer to have someone take care of payroll from end to end.
We work with you to learn about your needs and business goals and present you with customized solutions that can grow as your business does. Some of the payroll administration solutions offered by NetPEO include:
Online Payroll Entry Software
We offer access to a powerful, intuitive payroll software program that walks you through your payroll process and can even help you overcome complications as they arise. The highest level of security means you can enter payroll anywhere, any time, and we take care of the rest.
Full Outsourcing of Payroll
Yes, it’s good to have a handle on your payroll process. But when it gets too large and encumbering to administer on your own, it becomes an unnecessary mountain range for you to scale by yourself.
It’s also unnecessary because our HR experts can completely handle your entire payroll process. From payroll and benefits to compliance with all federal, state, and local taxes and regulations, working with us means you’re covered. And it means you free up time to focus on growing and evolving your business.
Processing Taxes and Deductions
Tax requirements and deductions are constantly changing and are nearly impossible to keep up with unless it’s your full-time job. Mistakes can be costly and, if they are overlooked, can lead to audits and expensive penalties.
Working with a NetPEO specialist means you have professional support and can rely on compliance with reporting and tax laws for all employees, contractors, and freelancers.
Employee Self-Service Portal
We make it virtually effortless to provide your employees with a secure internal site to check benefits, hours, PTO, essential documents, and more. Your managers appreciate having a one-stop-shop for templates, checklists, tasks, and other important information.
Online Human Resources Software Solutions
In addition to payroll solutions, we can provide access to our human resources-specific platform that allows you to manage your HR needs. From new hires and terminations to staffing reports and employee records, you can more easily self-administer HR functions for your business.
Running a business means having reports. Internal reports that help you assess and set future goals for growth as well as external reports required by government and industry groups. We can provide detailed reporting for both in-house and outside purposes.
Most businesses weigh the cost of outsourcing payroll against the money it helps save their business. Outsourcing payroll and other HR functions means you can leverage HR and payroll expertise without the expense of hiring staff.
Having someone whose sole focus is payroll significantly reduces the amount of time you have to spend on that and related tasks.
The Cost of Outsourcing With a Tampa Small Business Payroll Company
According to a study from the National Small Business Association, one out of every five small business owners spend over six hours monthly handling payroll taxes alone. This figure jumps to one in three if the business owner has more than five employees.
In this same study, 42% of small businesses spend between $101 and $500 monthly to outsource their payroll. Only 22% of business owners spend over this amount. The actual cost of outsourcing to a Tampa small business payroll provider will vary depending on the size of your business and what service(s) you choose to use.
The impact of spending your time developing your business instead of attending to administrative and payroll duties can be invaluable. We work with hundreds of small- to medium-sized businesses across the United States. We believe that professional payroll and human resources services should be accessible to all.
Say Goodbye to Payroll Problems
If you could save time and money while putting more focus on building your business, would you do it? The answer to this question for any business owner is an obvious and resounding yes. Handling the administrative requirements of your company can be a strain on your valuable time, and hiring a full-time employee may not make sense.
And if you’ve ever been the focus of an audit or had to pay a penalty or fee due to a violation, missed or incorrect reporting, you know the benefits of reducing your risk and liabilities by working with a professional.
Contact NetPEO today for a free consultation and quote. Save your valuable time, business reputation, and money by working with a small business payroll company in Tampa, FL. Let a NetPEO expert provide payroll management tools or handle your entire process so that you can get back to business.