Hiring an in-house employee to run your payroll and handle HR duties can be a costly undertaking. They are another employee that you have to provide with salary, benefits, etc. Not only that, any mistakes or compliance errors could turn into a multi-thousand dollar issue. Outsourcing Payroll/HR services to SPB puts the task and any associated liabilities in the hands of experts for a fraction of the price. They will have the technology and skill to do the job right, while you don’t have to invest in additional human capital.
As any small business owner knows, the day-to-day of entrepreneurship requires wearing a lot of hats to keep your company running. With the likes of payroll, the process can be time-consuming to insure it’s done correctly, and it can eat into other valuable pursuits for your business. A third-party provider takes the stress out of this essential aspect of your company, thus allowing you to focus on delivering the best product and services possible to your customer.
When you turn your payroll services over to a third-party provider, you receive professional support, helpful technology, and experienced professionals at your disposal. Everything from paying salaries, managing compliance, remitting payroll taxes, maintaining payroll software, and generating reports are in the hands of a company whose sole job is to provide these services to you.