The Guide That Makes It Simple to Choose a Payroll Services Company
If the thought of managing your company’s payroll gives you hives, you are not alone. Many business owners and company managers often look into outsourcing payroll to a payroll services company. This is especially true considering the proliferation of tax scams and the thousands of tax codes out there.
But, like everything else, not all payroll service companies are created equal. Here’s your basic guide on how to choose a professional payroll company you can trust.
As you conduct business day-to-day, you work and deal with other businesses comparable in size and nature to yours. If you find that they outsource payroll, who do they use?
Asking for referrals is a great start to finding a payroll services company that is a perfect fit. They’ve already been tried and true, ensuring that they can cover all your payroll needs.
Fits Your Company’s Infrastructure
Oftentimes, you get a lot more than you actually need with some payroll companies, which means you pay a lot more too. The number of employees, full-time and part-time, retirement plans, and company growth can figure greatly into which payroll company you choose to take on.
So while larger, more complex payroll services may seem like the route to go, think again. Are you a smaller business that needs a tailor-made payroll service? If that describes your company, consider other smaller payroll companies.
Consider also what your company specifically needs. Do you need frequent access to payroll reports and forms? How often do you pay your employees, and do you need it automated with direct deposit?
And what about customer support if you run into snags or questions? Do they have a reputation for quickly assessing any issues and providing quality service? And are there internal security measures in place to protect confidential information?
Find the Options That Will Make Happy Employees
If you’re a business with several employees, there are options that some payroll companies offer…and some don’t.
For example, employees might like to have mobile access to their payroll records, including pay stubs and year-end tax forms. Or they may need a separate Human Resources division to navigate things like new hires, request vacation time off, and other things.
So, find out what fun “extras” the payroll service fee includes, and how well that would fare with handling employees.
As stated before, sometimes the largest, most recognized payroll service isn’t the right fit. And for many good reasons, including the price tag.
Get quotes from several payroll companies before making your final selection. Make sure you have a thorough understanding of what their services include. This is especially important when it comes to things like automated payroll, tax forms and filings, and the like.
Find a Payroll Services Company You Can Trust
Finding a trustworthy payroll services company requires more than just the basic search on Google. Apply some of the tips provided and you’ll be sure to find one that is perfect for your payroll needs.
Interested in some other business tips and ideas? Read some of our blog articles to learn more!