Should You Outsource Your Payroll to a New Jersey Payroll Service?

If you have a business with employees, you inevitably have to take care of payroll. This is one of the most tedious but necessary tasks of management. Did you know that you actually have the option to outsource this time consuming and non-profitable task to a New Jersey Payroll Service? Indeed, if you let a professional outsource payroll service handle the preparation of your payroll and the payment of your Federal and State taxes, you will be able to concentrate your time on the profit making aspects of your business.

The concept of outsourcing your payroll may seem counterproductive because you do have to pay the New Jersey Payroll Service. However, the benefits become fairly obvious when you realize how valuable your time (estimated low end for owners $100/ hour) is compared to the actual cost of outsourcing your payroll (depending on the # of employees prices can be as low as $40/month). Some payroll services will charge more money than others, so make sure you seek out competitive prices. The bottom line is a professional payroll service can do the work in less time and save you money because the economies of scale allow them to focus on what they can do more efficiently than you or your employee.

Every small and medium size business should consider outsourcing this costly, non-productive task to a New Jersey Payroll Service. There is no better way to ensure that your payroll is being handled properly. If you do not have the right software or knowledge to do your payroll properly, you may be paying and filing inaccurate Federal and State reports that could result in fines, penalties and increased taxes at the end of the year. A third party professional outsource payroll service will alleviate such concerns.

The key to locating and hiring a professional outsource payroll service is to research and verify their credentials, designations and work experience. Such an organization should have a thorough knowledge of programs like QuickBooks which is commonly used to manage and prepare payroll for small and medium size businesses. Professional payroll services are also able to take care of other accounting services for you as well, like tax preparation and bookkeeping. Most payroll services offer a free, no obligation consultation and price estimate so you should be able to find the help you need right away.

The author, Dawn Contardi, the owner of Sharp Bookkeeping Service, a Certified QuickBooks ProAdvisor and a member of the American Institute of Professional Bookkeepers with 25 years of experience can be reached at 732-458-3800 or www.sharpbz.com

 

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