Payroll plays a critical role in the success of small businesses. Irrespective of the size of an organization, employees have to be paid on time consistently, and an efficient payroll process ensures that.
However, computing total wage earnings, holding back deductions, paying payroll taxes, and making payments require a lot of time and effort.
With businesses increasingly hiring remote employees, freelancers, and independent contractors, the payroll processes have become more complex than ever. Even worse, a tiny mistake in the payroll may lead to a hefty fine. So, it is reasonable to ask, should I outsource payroll to a specialist company offering payroll services.
