You could very well save time, money and effort by outsourcing your payroll. Of course, you could continue to do your payroll on your own, just as a pizza manufacturer could cultivate his own wheat to make pizza crust. It might sound romantic, but how well could you function as a Westchester small business owner if you operated that way? Not too well and not too profitably.
Think this is an exaggeration? It’s probably much less of one than you think.
Time, Time, Time
Like the pizza manufacturer growing his own wheat, you as a Westchester small business owner, after examining the advantages of outsourcing, might conclude that handling payroll internally is inefficient and unnecessarily costly. Why? The answer is: time. It’s as simple as that.
If you haven’t done so before, take a minute to think how much time you might end up spending on payroll as a Westchester small business. Here are some of the tasks you would perform if you were managing your own payroll:
- Data entry, double-checking for keying mistakes
- Managing paper: printing, signing, and distributing paychecks or pay stubs; generating reports for in-house and accountant use
- Handling payroll taxes and returns to provide to state and federal tax agencies
- Contending with errors
As a smart Westchester small business owner, outsourcing payroll with a company like Paychex, Intuit or ADP can eliminate expending valuable time and effort and make your business more efficient.
You’re passionate enough to start your own business. It’s important that you not let the time vacuum of payroll management keep you from bringing that passion to bear.
This is why we’re so excited to be hosting a free workshop for Westchester small business owners on outsourcing payroll on July 30. The workshop is entitled “Risk-free Payroll Management for Small Business.” You’ll learn from our SCORE expert some really surprising and useful things about outsourcing small business payroll.