What is outsourced payroll?
27 January 2023
Simply put, payroll outsourcing is means hiring a third party company that specialises in payroll processing to handle the payroll for your business.
Payroll processing companies can handle:
- paying your employees each pay period.
- tax reporting.
- regulatory compliance.
- compiling payroll reports
Using a trusted payroll processing company ensures that:
- all your employees and contractors are paid effectively and on time.
- payments are accurate and compliant with all local, state, and federal tax laws.
- all your payroll paperwork is in one place.
By outsourcing your company’s payroll, all the tasks regarding payroll are handled by your payroll processing company rather than the stress being on your shoulders.
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