Why have us process your payroll?

Managing your small business payroll is much more than writing checks and handing them out to employees on payday. Keeping secure and accurate records, calculating and paying payroll taxes, and having an available communication line with your employees about their paychecks is important to your success. Many local business owners are finding that they can simplify the process by using Eastside Payroll Services to manage the entire process cost-effectively, securely, and efficiently.

Outsourcing your payroll can provide your small business with a number of important benefits:

Save time!

Using an outsourced payroll solution is typically more efficient for a small business than processing payroll internally. Leaving payroll to experts frees up hours that you can devote to other important parts of your business. Whether it is your time, staff time, or a combination, chances are the hours could be better spent winning more business, improving customer service, fine-tuning business operations or launching a new product line. Among the areas where outsourcing will save time are:

• Processing payroll
• Signing and distributing paychecks
• Calculating and paying withholding and employment taxes
• Preparing and distributing W-2s and 1099s at year-end
• Answering employee payroll inquiries
• Maintaining accessible and secure payroll records

Save money!

Many business owners underestimate the cost of processing payroll internally by failing to account for all hours spent and resources allocated to pay employees and maintain payroll paperwork. A thorough cost assessment usually proves that a small business saves money by outsourcing the processing, tracking and filing of payroll documents. For small businesses, processing paychecks internally is not always as cost-effective as it appears. At minimum, it costs valuable hours of employee time every pay period plus expensive accounting software and training. In addition, the person who handles your payroll needs to keep up to date on changes in personnel, deadlines, and tax requirements. Without the proper knowledge of payroll procedure and access to a sound payroll program, it is easy to make costly mistakes.

Payroll outsourcing can be a very affordable way to remove this burden. If your employees work varying amounts of hours each week or if you have significant turnover, Eastside Payroll Service can be a time-saving and cost-effective alternative to alleviate time and money spent internal processing.

Avoid penalties!

Calculating federal, state, and local employment taxes and filing payroll-related tax paperwork can be more than just a hassle. If it's done incorrectly, your small business may face penalties and even interest on money owed since the mistake was made. In fact, it is estimated that one in three small businesses receive a tax penalty costing over $800 each year. Outsourcing payroll does away with the risk of many of these costs and hassles because:

• An outsourced payroll provider calculates payroll taxes, based on its expertise and close tracking of regulation changes
• Monthly or quarterly employment tax reports are managed by the payroll service, ensuring they are submitted correctly and on time
• End-of-year paperwork — such as W-2s and 1099s — are handled directly by the payroll provider, so they are sent out on time