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Benefits of Outsourcing Your Payroll with
ABS Payroll
Although paying your employees is fundamental to your business, it is not a
core business process from which a competitive advantage can be made.
Everyone expects you to do the job perfectly, especially your employees and the
IRS. When you do, no one thanks you or even notices. When you do not, everyone
notices and you may never hear the end of it. This no-win situation has led more
and more businesses to realize the benefits of outsourcing their payroll.
Did you know that the IRS assesses more than 7.5 billion dollars in payroll
related tax penalties each year. That is one of the reasons that more than half
of all small businesses got back to business by outsourcing their payroll, almost
twice as many as just five years ago.
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Liability
The last thing you need to worry about is liability. If you incur penalties
due to ABS Payroll paying your payroll taxes late, we will pay
the penalties.
Taxes
The IRS has reported that one out of every three employers has been charged for
a tax-related payroll error. This equates to billions of dollars in penalties.
We will ensure you are not a statistic.
Affordability
How valuable is your time? Have you ever stopped to think about it? Consider how
much time you spend managing payroll, which takes away from revenue-producing
activities. At the very least, consider the cost of computer equipment and
software, as well as the extensive training that is needed to run payroll
internally. Outsourcing with ABS Payroll not only saves time, it
saves you money.
Profitability
Do you remember why you went into business in the first place? Certainly it
wasn't to calculate federal and state unemployment taxes. Outsourcing your
payroll gives you the freedom to get back to your business.
Time
You have better things to do with your time than calculating payroll. Getting
paychecks out on time is not only expected, but it's also a positive reflection
of your company.
Accuracy
Even with the simplest of payrolls, it is easy to make mistakes. Without current
and on-going training in payroll compliance, your company could face stiff penalties
and unhappy employees.
Privacy
It can be embarrassing and detrimental to morale if the wrong eyes fall on the
wrong paycheck. Confidentiality is much easier to maintain when payroll is
outsourced, particularly when employees use direct deposit.
Reporting
ABS Payroll offers a wide array of standard and custom reports
that are informative and easy to read. Keep your records neat and concise with
these invaluable reports.
Flexibility
As your business changes, so do your payroll needs. Don't get bogged down with
the nuts and bolts of personnel changes. Leave the details to an expert while
you focus on your business.
Professionalism
What better way to show your employees that your company is professional and
secure? Outsourcing your payroll will enhance your successful image.
Peace of Mind
By moving forward with ABS Payroll, you not only
get peace of mind knowing your payroll will be done right and on time, you can
get back to doing what you do best... running your business.
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