As a small or medium sized business owner, you may be wondering if it’s worth while to consider outsourcing your company payroll. You may be finding that as your company grows, it is becoming cumbersome to keep track of your payroll responsibilities as well as your employees’ compliance with your payroll system.

It isn’t feasible for small companies to pay a full-time salary for a staff member to manage employee payroll. Perhaps you have a staff member that frequently loses their paycheck. Or maybe you have faced fines for failing to properly adhere to government regulations. Outsourcing payroll ensures that you are in complete compliance with all government requirements and can help you work out a payment system that works for the company and employees.

The age-old saying “time is money” certainly applies in this circumstance as well. Small business owners are often very busy, wearing many hats daily. Payroll is time consuming and unless your business is a financial business, chances are you would rather be spending your time on other required tasks.

Having a manual system for payroll can also get increasingly complicated when it comes to tracking absences or adhering to overtime regulations. Regulations are ever-changing, requiring you to always be informed or you may find yourself in non-compliance.

The safest option for small and medium business owners who find themselves struggling with compliance, deductions, and miscalculations is to consider discussing payroll services with a qualified provider.