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Payroll Solutions for Small Businesses

Computing payroll costs, tax withholding amounts, and employee benefits can be difficult for many small businesses. Business owners need to stay up to date on changes to employee information and tax regulations to avoid expensive penalties or fees. For example, employees are allowed to amend W-4 forms at any time during the tax year. Hiring a bookkeeper to make these changes and to provide other HR payroll solutions can take valuable resources away from key business functions.

One payroll solution is to hire a payroll processing company. Processing companies often provide total payroll solutions- they can calculate tax amounts, employee benefits, monitor job costs, write checks, and make deposits. Smaller businesses often don’t have the available budget for an in-house HR payroll solution, and choose to outsource because it is much less expensive. Processing companies provide payroll tax solution packages for as little as a few dollars per check, per pay period. This includes the computation of employee taxes, direct deposit, and often online account access for employees. Outsourcing could be the solution your business needs.