5 Reasons why your business should outsource payroll Services

Payroll is a time-consuming task that many small business owners struggle with. It can be an additional burden when new laws are constantly being created and updated. Wouldn’t you rather spend your working hours testing different marketing strategies to help you grow your company further? How can you shift your focus from admin work like payroll that is time-consuming and which you are not an expert in? 

Here are 5 reasons why a CPA should offer you small business payroll services.

Avoid Risk – You can avoid the complexities of federal and state payroll compliance. A mistake in calculation or not filing the right forms could lead to penalties. Work with a team who have all this information at their fingertips and is abreast with changes as they happen.

Save Costs – Outsourcing your payroll services is cheaper than hiring a payroll service provider who may not understand the integration with accounting. If you’re not an expert in these areas, CPAs can help with everything from payroll to strategic business planning.

Save Time – Whether you’re a small or large business owner with payroll to do, it can be overwhelming at times. If there was one thing we learned from experience, doing things yourself is usually more expensive in the long run, especially when you are not an expert at it! You no longer need to spend hours researching the latest payroll tax updates or running your latest payroll cycle. 

Focus – It’s time to put growing your business above simply running your business and administrative work. Taking the time to focus on your business will improve your customer delivery. 

Detailed Reports – Experience running your business from a position of informed knowledge. CPAs can produce accurate and discernable reports that capture all aspects of payroll, worker’s compensation, and employee benefits. In addition, as trusted advisors, we can tie these reports to the overall financial insights for the business.

We are an accounting and business advisory firm that specializes in working with small business owners. If you’re looking for a way to free up more administrative time, we can help! Our team at RCN CPAs is here to take care of all the tedious payroll and accounting tasks, so you don’t have to worry about it.