About 40% of U.S. businesses outsource their payroll processing. Though there are ways to do payroll in-house and now even apps to use for payroll, small business owners see a major benefit to outsourcing.
Payroll is a multi-faceted operation. It includes benefit deductions, new hires, terminations, garnished wages, regulation changes, and paid time off, not to mention the physical process of calculating, printing, and distributing the checks and submitting the appropriate taxes.
If you got overwhelmed reading that last paragraph, we don’t blame you! Take a look below at the major arguments in favor of outsourcing.