Starting and growing your company is a rewarding but challenging experience. As a business owner, you have to deal with many things, including administrative work, such as payroll. Payroll is known as the process of calculating employees’ earnings, managing bonuses, withholding social and income taxes, and delivering the correct payments to employees. As a business owner, you can handle the payroll yourself, but you can also consider hiring a company that provides payroll processing services.
What Are The Benefits of Payroll Services For Your Company?
The benefits of outsourcing payroll are the following:
- Time savings. As mentioned above, payroll is a time-consuming process. On average, companies spend over 40 hours a year on payroll preparation. Outsourcing payroll allows business owners to focus on other, more critical, and strategic business tasks.
- Reducing costs. It is expensive for businesses to have an in-house payroll process, especially if it is a small business with fewer than 30 employees. Working with a payroll provider will allow you, as a business owner, to save money and reduce costs.
- Avoiding IRS mistakes and penalties. According to the IRS, over 40% of businesses pay yearly fines for incorrect filings and late payments. Payroll mistakes are painful and can have a long-term effect on businesses. If you are not a payroll expert, it is better to outsource your payroll to ensure everything goes smoothly.
Whyte & Associates, Inc – Payroll Processing Cycle in Rancho Cucamonga, California
Are you a business owner running a company in California, and are you looking for a company that would help you with payroll? Do not look any further – Whyte & Associates, Inc is the one you are looking for. Our company provides workday payroll processing services to small businesses in Rancho Cucamonga, California, and other nearby areas. Our experienced and professional payroll and accounting specialists always consider the complexities of a particular industry and provide payroll services based on individual needs and circumstances.
If you have any questions or want to know more about our payroll services, feel free to reach out to Whyte & Associates, Inc at (909) 575-0080.
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