Benefits of Outsourcing Your Payroll With Payday

Paying your employees is fundamental to your business, however, it is not a core business process from which a competitive advantage can be made.

Everyone expects you to do the job perfectly, especially your employees and the IRS. When you do, no one thanks you or even notices. When you do not, everyone notices and you may never hear the end of it. This no-win situation has led more and more businesses to realize the benefits of oursourcing their payroll.

Did you know that the IRS assesses more than 7.5 billion dollars in payroll related tax penalties each year. And, Congress isn't making it any easier. In the last 10 months there have been more than 200 changes made to the Internal Revenue Code and hundreds more regulatory changes that affect payroll. These are just a couple of reasons why more than half of all small businesses got back to business by outsourcing their payroll, almost twice as many as five years ago.

• LIABILITY
  The last thing you need to worry about is liability. If you incur penalties due to Payday paying your payroll taxes late, we will pay the penalties.
  
  
  
• TAXES
  The IRS has reported that one out of every three employers has been charged for a tax-related payroll error. This equates to billions of dollars in penalties. We will ensure you are not a statistic.
  
  
  
• AFFORDABILITY
  How valuable is your time? Have you ever stopped to think about it? Consider how much time you spend managing your payroll, which takes away from revenue-producing activities. At the very least, consider the cost of computer equipment and software as well as the extensive training that is needed to run payroll internally. Outsourcing with Payday no only saves time, it saves you money.
  
  
  
• PROFITABILITY
  Do you remember why you went into business in the first place? Certainly it wasn't to calculate federal and state unemployment taxes. Outsourcing your payroll with Payday gives you the freedom to get back to your business.
  
  
  
• TIME
  You have better things to do with your time than calculating payroll. Getting paychecks out on time is not only expected, but it's also a positive reflection of your company.
  
  
  
• ACCURACY
  Even with the simplest of payrolls, it is easy to make mistakes. Without current and on-going training in payroll compliance, your company could face stiff penalties and unhappy employees.
  
  
  
• PRIVACY
  It can be embarrassing and detrimental to morale if the wrong eyes fall on the wrong paycheck. Confidentiality is much easier to maintain when payroll is outsourced, particularly when employees use direct deposit.
  
  
  
• REPORTING
  Payday offers a wide array of standard and custom reports that are informative and easy to read. Keep your records neat and concise with the invaluable reports.
  
  
  
• FLEXIBILITY
  As your business changes, so do your payroll needs. Don't get bogged down with the nuts and bolts of personnel changes. Leave the details to an expert while you focus on your business.
  
  
  
• PROFESSIONALISM
  What better way to show your employees that your company is professional and secure? Outsourcing your payroll will enhance your successful image.
  
  
  
• PEACE OF MIND
  By moving forward with Payday, you not only get peace of mind knowing your payroll will be done right and on time, you can get back to doing what you do best... running your business.