Handling Employee Payroll: In House or External?

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security Most people did not go into business dreaming of managing payroll, but payroll management is an incredibly important function. (Ask your employees how important accurate and timely payroll is to them.)

As an employer, you are responsible for calculating the earnings of employees, along with withholding for taxes and other deductions like Social Security and Medicare, recording all payroll activities, and preparing and filing tax documents and returns to federal, state, and local tax agencies.
And, of course, you pay your employees.

Managing payroll can be time consuming and expensive. If you have employees, you must manage the payroll function, but you can choose whether to keep the function in house or to use outside services.

10 Quick Tips to Streamline Payroll Management - Whether you're starting a company or in expansion mode, learn to handle payroll chores with care, accuracy and consistency.

Keep Payroll Management in House: Track Company Financials Up Close - Use this information to navigate issues such as payroll software, management staff and potential errors or abuses.

Employee Payroll: Don't Outsource - Best-Source! - Payroll processing services handle the entire payroll process, from filing forms to deposits; but there are disadvantages, too. Learn more here.

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