A whopping 85 plus percent of CPAs highly recommend that small businesses outsource their payroll accounting services to experienced payroll providers. Often, they recommend it because an independent payroll processing company can offer more security and more accuracy. They recommend it as well because it can help small business owners save time.
Often, owners of small business have no idea how to do payroll and often wing it, which causes more mistakes and more time out of the normal working day. But with a strong payroll software program run by an outside firm, more can get done in less time and with fewer errors. Companies like Paychex, a proven leader in employee payroll services, are adept at helping these small business clients to pay for their payroll taxes on the local, state, and federal levels. This means owners of smaller companies can eliminate the need to make these calculations on their own, and they often get unemployment assistance too.
These providers of payroll software and systems also help track the comings and goings of employees using systems that manage hours and attendance, which tracks all work hours and salaries. This information is run through the payroll software program, leaving little to no room for error. Often, these attendance and time tracking systems are easy for businesses, but they help for tax and legal labor compliance issues as well. So these providers often go a very long way toward improving the performance of these smaller businesses.
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