In-House or Outsource?
Your head may be spinning now that you’ve seen how much is involved on the employer’s side when it comes to payroll and paying taxes. We haven’t even touched on the complications added with benefits.
Payroll can be such a time-consuming task for small businesses that the trend has been to outsource payroll to a company that specializes in payroll management. However, now that more software programs are available to handle the complexities of payroll, many small companies are saving the fees they had to pay to payroll specialty companies and bringing the function back inside the company.
Small companies, in particular, were dissatisfied with the attention their payrolls received. A payroll company obviously gives priority ...