4 Reasons to Use Online Payroll

Payroll has been one of the most commonly outsourced business functions for years. With the advent of the internet, that trend has grown even faster over the last decade.

Wondering if outsourcing to an online payroll service is right for you? Here are some of the most important advantages online payroll can offer your business:

1. Online Payroll is more time and cost efficient. Many companies consider outsourcing their payroll because they wish to save time, but hesitate because they worry about the price. This is ironic, because according to a recent study conducted by PricewaterhouseCoopers, companies that outsource payroll spend 18 percent less than companies that keep payroll in-house.
2. Protect yourself from expensive mistakes. Payroll errors can be a nightmare. Not only do you risk angering your employees and damaging your company’s reputation, you also need to worry about the IRS. Each year, nearly 1 in 3 businesses are penalized for payroll errors—and Businessweek reports that the IRS issued roughly 4.5 billion dollars in payroll related fines in the 2013 fiscal year alone.
3. Offer convenient, worry free employee self-service. When you work with an online payroll provider, you have the assurance that your employees will always be just a few clicks away from accessing pay stubs and other personal information—allowing you to stay focused on running your business.
4. Outsource complementary services more efficiently. Last but not least, outsourcing your payroll also makes it easier and more efficient to outsource other stressful, time-consuming tasks such as HR support, timekeeping, workman’s comp, and employee background checks.

A different kind of Payroll Company

Though the benefits of outsourcing payroll are numerous, many big-time payroll companies take advantage of small businesses by overcharging for their services. That’s why our goal at Precise Payroll is creating a different kind of Payroll Company: we believe in building long-lasting, mutually benefiting relationships with our clients. Contact us today for more information on how we can help you increase efficiency and make payroll easy.