Benefits of Outsourcing Payroll

OUTSOURCING PAYROLL IF YOU'RE PROCESSING YOUR OWN PAYROLL, CHANCES ARE YOU'RE GAMBLING WITH COMPANY TIME & MONEY. NOT INTENTIONALLY, OF COURSE, BUT YOU COULD BE SAVING TIME AND MONEY WHILE GAINING A SAFETY NET IF YOUR COMPANY OUTSOURCED PAYROLL PROCESSING. PAYROLL COMPANIES HAVE TEAMS OF INDUSTRY-CERTIFIED, HIGHLY-TRAINED EXPERTS SERVING THEIR CLIENTS. THESE CERTIFIED PROFESSIONALS KNOW THEIR CLIENTS PERSONALLY; THEY ARE ABLE TO RESPOND QUICKLY AND EFFECTIVELY TO THEIR SPECIFIC NEEDS WITH INFORMED AND UP-TO-DATE INFORMATION AND REGULATIONS. ADVANCED SOFTWARE PUTS MEANINGFUL REPORTS INTO THE HANDS OF MANAGERS FASTER THAN EVER BEFORE WHICH MEANS DECISIONS CAN BE MADE SOONER AND WITH INCREASED CONFIDENCE. 1 (SPARE YOURSELF TIME & ADMINISTRATIVE HASSLE PROCESSING PAYROLL IS TEDIOUS WORK THAT REQUIRES CONSTANTLY UPDATING RECORDS, PRINTING CHECKS, AND ANSWERING EMPLOYEE QUESTIONS. EMPLOYERS WHO FARM OUT THEIR PAYROLL HAVE LESS PAPERWORK AND SPEND JUST A FEW HOURS ON PAYROLL EACH YEAR. PROCESSING YOUR OWN $$ $ $$ $$ PAYROLL EATS UP =1 HOUR $ $ $ $ $ 40 60 EACH YEAR %$4 $$ $ $ $$ $$ $ $$ $4 PROCESSING YOUR OWN PAYROLL (54) STEPS REQUIRES -2 STEPS 2 ACHIEVING A HIGH LEVEL OF ACCURACY PAYROLL OUTSOURCED ACCURATE E$ RESULTS 99.9% OUTSOURCING ACCOUNTING AND PAYROLL SERVICES GENERATES ACCURATE RESULTS 99.95% OF THE TIME. THIS, IN TURN, ENSURES BETTER MANAGEMENT OF BACK OFFICE FUNCTIONS AND KEEPS YOUR BUSINESS RUNNING SMOOTHLY AND EFFICIENTLY. 3 $ SAVE MONEY $ ABUSINESS ANOWS. IS FOR EXAMPLE: JIM HANDLES PAY ROLL HE SPENDS 60 HOURS PROCESSING PAYROLL EACH YEAR. 24 $1,100 OF HIS SALARY GOES HE EARNS $35,000 PER YEAR WORKS 40 HRS/WEEK TOWARDS PAYROLL. IF THE BUSINESS OWNER PROCESSES PAYROLL, THE COST MAY BE 2- 3 TIMES THAT AMOUNT, OR PERHAPS EVEN HIGHER. 9% THE OUTSOURCING INSTITUTE ESTIMATES: COMPANIES THAT O UTSOURCE HR AND PAYROLL FUNCTIONS EXPERIENCE A COST SAVINGS OF AT LEAST 7 8 9 0 4 5 6 1 2 3 4 SUPPORT: RELIEF FROM TAX PENALTIES PAYROLL SERVICE PROVIDERS ARE ACCOUNTABLE FOR EVERY TRANSACTIO N PROCESSED AS WELL AS QUALITY AND ACCURACY CONTROL, WHICH PROTECTS YOU FROM THREATS WITHIN YOUR COMPANY AND PENALTIES ASSOCIATED WITH THE IRS. I.R.S. THE PENALTIES ASSESSED BUY THE IRS AGAINST AN EMPLOYER LARGE BUSINESSES, THE MINIMUM AND MAXIMUMS RANGE FROM: FORGOTTEN DOCUMENTS, TYPOS AND INCORRECT INFORMATION COULD COST YOUR COMPANY DEARLY. THESE TYPES OF MISCALCULATIONS WOULD BE GREATLY REDUCED IF MORE BUSINESSES OUTSOURCED THEIR PAYROLL. PROCESSING COMPANIES KEEP TRACK OF EVER-CHANGING TAX LAWS AND ASSUME FULL LIABILITY FOR CORRECTLY FILING PAYROLL TAXES, SHIELDING BUSINESSES FROM DEALING DIRECTLY WITH THE IRS. O HTTP://WWW.NAMASTA.COM/RESOURCES/PAYROLL_SERVICE.PHP HTTP.//INVENSIS.NET/BLOG/FUNDAMENTALS/TOP-10-BENEFITS-OUTSOURCING-ACCOUNTING-PAYROLL-SERVICES SHTTP://WWW.BUSINESS2COMMUNITY.COM/MARKETING/ARE-YOUR-MARKETING-CLAIMS-BELIEVABLE-088633#EYRRIFK2USMLTCYD.99 HTTP://WWW.STAPLES.COM/SBD/CONTENT/ARTICLE/O-R/OUTSOURCINGPAYROLL.HTML Sentric [email protected] f FACEBOOK.COM/SENTRICINC Your Workforce. In Focus. SENTRIC.NET TWITTER.COM/SENTRICINC ANYONE WHO RUNS LARGE BUSINESSES $250,000 000SL$ OUTSOURCING PAYROLL IF YOU'RE PROCESSING YOUR OWN PAYROLL, CHANCES ARE YOU'RE GAMBLING WITH COMPANY TIME & MONEY. NOT INTENTIONALLY, OF COURSE, BUT YOU COULD BE SAVING TIME AND MONEY WHILE GAINING A SAFETY NET IF YOUR COMPANY OUTSOURCED PAYROLL PROCESSING. PAYROLL COMPANIES HAVE TEAMS OF INDUSTRY-CERTIFIED, HIGHLY-TRAINED EXPERTS SERVING THEIR CLIENTS. THESE CERTIFIED PROFESSIONALS KNOW THEIR CLIENTS PERSONALLY; THEY ARE ABLE TO RESPOND QUICKLY AND EFFECTIVELY TO THEIR SPECIFIC NEEDS WITH INFORMED AND UP-TO-DATE INFORMATION AND REGULATIONS. ADVANCED SOFTWARE PUTS MEANINGFUL REPORTS INTO THE HANDS OF MANAGERS FASTER THAN EVER BEFORE WHICH MEANS DECISIONS CAN BE MADE SOONER AND WITH INCREASED CONFIDENCE. 1 (SPARE YOURSELF TIME & ADMINISTRATIVE HASSLE PROCESSING PAYROLL IS TEDIOUS WORK THAT REQUIRES CONSTANTLY UPDATING RECORDS, PRINTING CHECKS, AND ANSWERING EMPLOYEE QUESTIONS. EMPLOYERS WHO FARM OUT THEIR PAYROLL HAVE LESS PAPERWORK AND SPEND JUST A FEW HOURS ON PAYROLL EACH YEAR. PROCESSING YOUR OWN $$ $ $$ $$ PAYROLL EATS UP =1 HOUR $ $ $ $ $ 40 60 EACH YEAR %$4 $$ $ $ $$ $$ $ $$ $4 PROCESSING YOUR OWN PAYROLL (54) STEPS REQUIRES -2 STEPS 2 ACHIEVING A HIGH LEVEL OF ACCURACY PAYROLL OUTSOURCED ACCURATE E$ RESULTS 99.9% OUTSOURCING ACCOUNTING AND PAYROLL SERVICES GENERATES ACCURATE RESULTS 99.95% OF THE TIME. THIS, IN TURN, ENSURES BETTER MANAGEMENT OF BACK OFFICE FUNCTIONS AND KEEPS YOUR BUSINESS RUNNING SMOOTHLY AND EFFICIENTLY. 3 $ SAVE MONEY $ ABUSINESS ANOWS. IS FOR EXAMPLE: JIM HANDLES PAY ROLL HE SPENDS 60 HOURS PROCESSING PAYROLL EACH YEAR. 24 $1,100 OF HIS SALARY GOES HE EARNS $35,000 PER YEAR WORKS 40 HRS/WEEK TOWARDS PAYROLL. IF THE BUSINESS OWNER PROCESSES PAYROLL, THE COST MAY BE 2- 3 TIMES THAT AMOUNT, OR PERHAPS EVEN HIGHER. 9% THE OUTSOURCING INSTITUTE ESTIMATES: COMPANIES THAT O UTSOURCE HR AND PAYROLL FUNCTIONS EXPERIENCE A COST SAVINGS OF AT LEAST 7 8 9 0 4 5 6 1 2 3 4 SUPPORT: RELIEF FROM TAX PENALTIES PAYROLL SERVICE PROVIDERS ARE ACCOUNTABLE FOR EVERY TRANSACTIO N PROCESSED AS WELL AS QUALITY AND ACCURACY CONTROL, WHICH PROTECTS YOU FROM THREATS WITHIN YOUR COMPANY AND PENALTIES ASSOCIATED WITH THE IRS. I.R.S. THE PENALTIES ASSESSED BUY THE IRS AGAINST AN EMPLOYER LARGE BUSINESSES, THE MINIMUM AND MAXIMUMS RANGE FROM: FORGOTTEN DOCUMENTS, TYPOS AND INCORRECT INFORMATION COULD COST YOUR COMPANY DEARLY. THESE TYPES OF MISCALCULATIONS WOULD BE GREATLY REDUCED IF MORE BUSINESSES OUTSOURCED THEIR PAYROLL. PROCESSING COMPANIES KEEP TRACK OF EVER-CHANGING TAX LAWS AND ASSUME FULL LIABILITY FOR CORRECTLY FILING PAYROLL TAXES, SHIELDING BUSINESSES FROM DEALING DIRECTLY WITH THE IRS. O HTTP://WWW.NAMASTA.COM/RESOURCES/PAYROLL_SERVICE.PHP HTTP.//INVENSIS.NET/BLOG/FUNDAMENTALS/TOP-10-BENEFITS-OUTSOURCING-ACCOUNTING-PAYROLL-SERVICES SHTTP://WWW.BUSINESS2COMMUNITY.COM/MARKETING/ARE-YOUR-MARKETING-CLAIMS-BELIEVABLE-088633#EYRRIFK2USMLTCYD.99 HTTP://WWW.STAPLES.COM/SBD/CONTENT/ARTICLE/O-R/OUTSOURCINGPAYROLL.HTML Sentric [email protected] f FACEBOOK.COM/SENTRICINC Your Workforce. In Focus. SENTRIC.NET TWITTER.COM/SENTRICINC ANYONE WHO RUNS LARGE BUSINESSES $250,000 000SL$