Human Resources
Payroll Services for Small Businesses
Aug 7, 2012
As I work to bring new business to Extra Help, one of the top objections I hear is “My company is too small for payroll services.”
My sales cape comes on and I take on the educator role. There is no such thing as a business being too small for our payroll services. We provide payroll solutions to clients from one employee to 1000 employees. Being an independent payroll provider, we can tailor to any business payroll need and provide custom payroll services for small businesses.
So how much should a small business pay for a payroll service? Some ammunition to use when searching for the best provider for your business needs include paycheck processing, online account access, tax filing, and direct deposit. Yes, 99 percent of payroll providers offer these services. As a small business, things to consider are national provider vs. local provider
I know your grandma has been processing your business’ payroll and handwriting paychecks for the past 40 years, but we are in the 21st century! So, what are the benefits of outsourcing payroll services for small businesses?
- Avoid payroll knowledge walking out the door. If your bookkeeper or controller gets a new job, they will walk out of the door with their knowledge of the payroll process.
- Avoid IRS penalties. According to the IRS, 40 percent of small businesses pay an average penalty of $845 per year for late or incorrect filings and payments. Extra Help provides a tax guarantee, ensuring that customers will not incur penalties because we take responsibility for penalties when they do occur.
- Reduce costs. A small business with 10 employees will typically spend $2600 per year in direct labor costs associated with payroll.
- Offer direct deposit. Increasingly, small businesses recognize that employees want direct deposit. If a company doesn’t use an outside payroll service, it is very difficult to provide it.
- Free up time. Outsourcing payroll can free up staff time to pursue more important value-added and revenue-generating activities.
Why should you select Extra Help for your small business’ payroll services? Just check out our testimonials from a few of our happy clients! Contact us to begin utilizing our payroll outsourcing services.
