Benefits of Outsourcing Payroll Services When you think of the outsourcing of payroll services, you might be thinking this practice is reserved for the major corporations of the world. You might be of the opinion that small businesses could not possibly benefit from contracting with either a PEO or payroll provider. Given advancing technology, the growing complexity of tax rates and benefits provisions, and a host of other factors, that is simply no longer the case. The benefits of enlisting the services of a payroll provider are numerous. The Difference Between PEO & Regular Payroll Providers Quite simply, the term ‘PEO’ entails the concept of Professional Employer Organization. This is a complete outlet that is available for the outsourcing of most services related to human resources. PEOs can provide small businesses with employment and personnel related services, payroll activities, benefits administration, safety and risk management services, and so much more. This differs from just the outsourcing of payroll activities alone as PEO encompasses a total approach to human resources management, which include payroll administration. Reasons That Small Businesses Should Outsource Payroll Perhaps the most noticeable benefit to outsourcing payroll will be realized in the time that is saved. Payroll is a time consuming task that takes employees away from other valuable tasks that they could be performing for the organization. Or worse, it impedes the small business owner from completing urgent and important matters that can have a direct effect on the business. This is especially important for small businesses, where labor is already thin and personnel are often stretched to begin with. As a major payroll provider, we can take this burden off your shoulders, ensure the accurate calculations of employee salaries and benefits, and free up your time to focus on building your business. Payroll administration can also save the typical small business a good deal of money in the long run. The time saved in completing regular payroll-related tasks can amount to money earned in this regard, not to mention the increased productivity that arises as a result. PEO can effectively calculate your entire payroll during each time period. We can also print, sign, and distribute all paychecks and stubs to the proper personnel, so you do not have to complete this. In addition, we generate the reports that you, as the small business owner, rely upon for in-house and accounting purposes. Finally, our payroll services also take care of the preparation and remittance of payroll taxes to the relevant government authorities so you never again have to worry about whether you’re compliant. Types of Payroll Services From APR At APR, we pride ourselves on offering small business with a complete array of payroll solutions. This begins with employee leasing, which is designed to lend our professional services to the small business. We handle all of the human resource items and associated tasks. Beyond that, we offer a complete range of payroll-related services, bookkeeping, and other services that are all designed to free up your valuable time and allow you to focus on growing your small business.