NO Brainer Business Decision!

Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein

8 Benefits of Outsourcing Payroll
And why you should be using Teton Business Solutions. http://www.tetonbusinesssolutions.com/

In my experience and investigation, small- and medium-size businesses outsource payroll most often for these important reasons:

1. Avoid IRS Penalties
According to the IRS, 40% of small businesses pay an average penalty of $845 per year for late or incorrect filings. Most national payroll services provide a tax guarantee, ensuring that customers will incur no penalties because the provider takes responsibility for penalties when they do occur. In many instances, this cost-saving immediately justifies outsourcing payroll.

2. Reduce Costs
The direct costs of processing payroll can be greatly reduced by working with a payroll provider. Our research indicates that a small business of 10 employees will typically spend $2,600 per year in direct labor costs associated with payroll.

3. Alleviate Pain
Payroll is a headache in the best case and a nightmare in the worst case. Business owners who outsource payroll eliminate a tiresome source of personal pain.

4. Record Keeping
Every record is at your finger tips. More importantly for business owners, this eliminates time-consuming and error-prone paper handling and the need to reconcile individual payroll checks every month.

5. Free Up Free Time
Payroll processing is a time-consuming process. Outsourcing payroll can free up staff time to pursue more important value-added and revenue-generating activities.

6. Avoid Technology Headaches
A constant question for small business owners is whether they have the latest version of their payroll software and the most recent tax tables installed on their computer. Using the wrong tax tables can result in stiff penalties. Outsourcing payroll removes those headaches and keeps payroll running smoothly.

7. Leverage Outside Payroll Expertise
Most business owners and controllers don't have time to keep up with constantly changing regulations, withholding rates, and government forms. By outsourcing payroll, a small business can take advantage of expertise that was previously available only to big companies.

8. Avoid Payroll Knowledge Walking Out the Door
If your bookkeeper or controller gets a new job, they will walk out the door with their knowledge of the payroll process and how you do it. Using an outside service eliminates that business risk.

Don’t go insane doing your own payroll, have someone else create saneness from your insanity!

Check out Teton Business Service, their nation wide and experience in all your HR needs. Remember: We’re all in this together. http://www.tetonbusinesssolutions.com