You've hired the best and brightest employees, you've trained your salespeople, and you advertise in all the right markets. Focusing on these functions brings in revenue by attracting new customers and retaining current clients. There are other aspects of your business that don't generate income for you, though, but which are nonetheless important. One of these non-core functions is payroll processing. You'll realize three specific benefits by letting someone else handle this task for you.

Compliance With Laws

  The average company spends about four percent more on payroll than they need to because of inaccurate record keeping of employee's time and attendance.

Chances are, you're

not well-versed on every tax, employment, and withholding law on the books at the local levels. However, that does not excuse you from following them. Make a mistake in any of these areas, and you could end up paying a substantial amount in penalties and fines. When you hire Data Centre, an experienced payroll service provider, they take on all of the responsibilities that payroll entails. In addition, they will maintain accurate records, file the appropriate forms, and remit the taxes due in a timely manner.

Minimize Expenses

Maintaining an internal payroll department may seem like a good idea, but it could be costing you more than you think. Consider the fact that you must pay the salaries of the payroll department, maintain office spaces, and buy supplies and equipment. In addition, the average company spends about four percent more on payroll than they need to because of inaccurate record keeping of employee's time and attendance.