5 Ways having SYVERTSEN ACCOUNTING LLC manage your payroll helps your business

• Saves your company time as keeping track of benefit deductions, garnishments, new hires and terminations, paid time off as well as federal and state regulation changes can be very time consuming.
• Reduces costs as your company won't need a specific person to process your payroll, which could take several hours each payroll cycle. A small/medium sized business could actually lose money to doing payroll in-house.
• Avoiding IRS penalties and mistakes can be a huge time and money saver as 40% of small businesses pay an average of $845 per year for late or incorrect filings and payments. Since many small/medium sized businesses aren't experts in the area of tax regulations, they are responsible for any errors that can occur.
• Outsourcing payroll eliminates the need to ensure your payroll software is up to date, which can be costly. Since many technological programs have many updates, missing just one could cause errors and penalties as the software may not be calculating correctly.
• With the help of an outside payroll professional, the hassle associated with processing payroll is gone. All you need to do is provide the basic information to your payroll processor, which reduces time spent and costs.