- Filing quarterly reports, withholding employee taxes
- paying withholdings to government agencies
- issuing W-2 forms at year end
These tasks are time consuming and can be a headache for business owners, especially when taxes are filed late. Before deciding whether to outsource your payroll, consider the following:
Processing the payroll yourself may be a money burner. If your business has fewer than 20 employees, there’s a very good chance that you can save money by outsourcing your payroll operations. Do the math.
- Figure out how many hours your employees are devoting to payroll-related activities
- Calculate how much you’re spending and compare the amount to the plans offered by several payroll-services providers and improved in-house solutions.
- Be sure to factor in the money your business spends on tasks like printing and distributing checks, creating tax documents, and the like.
According to the IRS, 40 percent of small businesses pay an average penalty of $845 per year for late or incorrect filings and payments. National payroll services ensure that taxes are paid on time so that customers will incur no penalties.
Sage Software North America and Sage 100 is unique in offering payroll solutions because it offers three different choices.
- Sage Payroll Services is a completely outsourced solution
- Sage business management software, including Sage 100, includes a Payroll module for processing in-house payroll as part of your business software.
- The upcoming Sage Payroll 2.0 will be a standalone in-house payroll processing solution.
Of course, the integration of all the above payroll options with Sage accounting solutions makes the diversified offering even better. However you choose to process your payroll, Sage has the answer.
Any questions, call John Hicks at Partners In Technology 630.462.7190 or firstname.lastname@example.org