All the Right Reasons to Outsource with a PEO
Studies show that outsourcing Payroll services is commonplace amount small to medium sized businesses for a variety of reasons. The most common reason for outsourcing is to avoid IRS penalties. According to the IRS, approximately 40% of small businesses pay an average of $845 per year in penalties for late or incorrect filings. At National PEO, we guarantee that Federal, State and local taxes will be filed correctly and on time. Eliminating the possibility of fines is reason alone to outsource your payroll, not to mention the benefits of removing the stress associated with it. Another good reason to choose a payroll outsourcing company is the reduction of costs associated with payroll processing. Research indicates that a small business of 10 will typically spend $2600 or more per year in labor alone for processing payroll. That’s over $200 per month on labor alone, without even adding on the cost of software, upgrades and supplies, etc. In contrast, we are already set up to provide the exact services you need along with the level of back up you want. Few business owners enjoy the task of payroll processing. Outsourcing allows you to eliminate one more headache while getting the expert services to guarantee that it’s processed correctly and all for less than you could hire someone to do it.
The variety of payment options is yet another perk provided when you outsource with National PEO. We’ll be happy to deliver payments by direct deposit, an option which allows your employees the convenience of having access to their funds without making the trip to the bank. As a business owner, it reduces reconciliation time and ensures that payments aren’t lost or un-cashed for extended periods. If your employees do not want direct deposit, we can print a standard check or offer the convenience of a paycard which is loaded with the paycheck and used like a debit card. When we process your payroll, you have an added assurance that our software and tax tables are up to date. This eliminates any fines which could result from mis-calculating taxes because of out-dated tables. With National PEO, you retain a payroll staff with expertise and consistent, up to date knowledge of constantly changing regulations, government forms and withholding rate. You needn’t worry that your “payroll department” will get a new job and you’ll have to train someone else, because all of our professionals have the experience necessary to do your payroll and do it right, the first time.
We know that you have a choice in PEO’s and our success depends on consistently delivering to you excellent services day in and day out. We stand by this commitment to you. Companies choose National PEO as a respected leader in the industry. We deliver comprehensive and cost-effective administrative solutions to your everyday needs with friendly, professional service.
Tuesday, February 17th, 2009
