Unfortunately for many of the United States 30 million small business owners, payroll processing takes up too much of their time. Rather than focus a majority of their time and energy to paperwork, they could find themselves with a great deal more free time by outsourcing payroll services to a company of dedicated experts. Outsourcing payroll processing could also be the single best way to prevent both mistakes and in house payroll fraud.
Because payroll processing can be so risky, it is one of the biggest hassles that small business can face today. When mistakes are made, they can be quite expensive to repair. Some payroll tax mistakes could even result in fines from the IRS. By working with qualified and attentive payroll accounting experts, these errors can be prevented from happening. A payroll processing company could also take additional burdens off of a company owner, particularly when it comes to inquiries from their employees. With Employee Payroll Access Online, employees could have the opportunity to access their Form W2, pay stubs and personal payroll info without having to bother their bosses.
Outsourcing to a a group of personal payroll processing professionals could also make it easier to have things such as COBRA health continuation coverage taken care of. Businesses that have 20 or more employees are required to offer this coverage following loss of hours, job termination or another similar qualifying event.