As you look ahead to 2020, you’re likely thinking about ways to make your business run more efficiently. As business owners the goal is for us to work “on” our businesses as opposed to “in” our businesses. One way that you can help to reduce your stress level in 2020 is by outsourcing payroll for your organization. At Payroll Medics we handle payroll services for many companies in the Upstate and beyond. Read on to learn why it often makes sense to outsource your payroll services, especially as your organization grows.
Below are just a few of the many benefits of outsourced payroll services:
Running a company with employees is quite complex, and the laws surrounding payroll laws and withholding can change at any time. When you outsource your payroll services you can get rid of these headaches and focus on growing your business. At Payroll Medics we handle all of your federal and state tax payments, your 941 federal tax return, all IRS and state payroll tax reports, your state unemployment tax return, your 940 federal unemployment deposit, state withholding reports, W-2 forms, 1099 forms and much more.
When you partner with Payroll Medics, all of your employees will have access to their own portal where they can access salary history, W-2 information, review past pay stubs and manage all their personal data without having to bother you and your office staff.
As your company grows, the amount of time that has to be dedicated to payroll grows as well. By outsourcing your payroll, you don’t have to worry with the headaches of adding additional internal resources to handle this increase in responsibilities.
Payroll processing is a complex operation and one that requires you to have access to highly sensitive personal information about your employees. If you’re keeping this data on unsecure machines within your office you could be looking at big problems if your machines were ever hacked. By outsourcing your payroll services, you’re trusting a company like Payroll Medics who has complex security protocols and multiple redundant backups to ensure your data is always safe and secure.
If you’re interested in learning more about the many benefits of outsourcing your payroll services, don’t hesitate to reach out to Payroll Medics today by phone at (864) 640-8981.