Many small business owners are always looking for ways to cut costs while still providing high-quality service. While it is economically smart to keep expenses by performing certain tasks in-house, other times it’s better to leave certain jobs to the professionals—especially when it comes to payroll services.
By completing payroll on your own, you may find yourself dedicating valuable time to a task that could easily be completed by a professional for a reasonable price. Outsourcing payroll will leave you with more time to focus on what really matters when it comes to running your small business.
Here are the top four reasons why you should choose a professional accountant for payroll services in Des Moines, IA:
Processing payroll can be a major liability just waiting to happen. There is always the possible risk of an employee embezzling funds, committing identity theft or tampering with company files. There are also countless potential security threats associated with using a payroll software on the company’s network. While it may seem secure, your company’s financial data, including employees’ confidential information, could be at risk. Professional payroll services in Des Moines, IA utilize edge technologies that will keep your information secure.
Choosing to let someone else take care of your payroll services is actually an economically smart decision. When it comes to running a small business, time is money. Think of how much more time you’ll have once you no longer have to spend hours printing and signing paychecks, track benefit deductions and determining garnishments. Hiring a professional accountant for payroll services just makes sense when considering the time you’ll have to focus on more important tasks at hand.
Using a payroll service is the best choice for companies with less than 30 employees. Sinking thousands of dollars per year into an in-house human resources or payroll department can be a huge loss of money for even the fastest-growing small businesses. A yearly salary and benefits adds up to much more than it would cost to outsource payroll services. By leaving payroll services to a professional accounting firm, you won’t have to worry about who will take over if the main employee responsible calls out sick, resigns or takes a vacation.
Unless you’re a professional accountant, you most likely aren’t an expert on every tax and employment law in Iowa. But that doesn’t mean your company is exempt from having to follow them. You could easily end up paying thousands of dollars in fines after one simple mistake, which could even bankrupt your company. Don’t lose your business due to an oversight or confusing legal wording. Hiring a professional payroll service means that you’ll have peace of mind knowing that an expert is ensuring everything complies with state and federal laws.
Focus on the important tasks facing your business by hiring the experts at Accounting & Tax Professionals, PLC for payroll services. Contact us today to discuss how our professional accounting services can benefit your business.