How to Reduce Costs and Profit More by Hiring a Houston Payroll Service

Growing Houston Businesses are Outsourcing Payroll Services

If you are in business, you know that keeping costs down is important if you want to keep the bottom line steady. One of the ways many Houston small businesses accomplish that task is by bringing on a partner to help them handle their payroll needs. While it may seem counter intuitive to hire on a third party to help you with your payroll services, it is actually a very smart decision for a number of reasons.

How are Costs Reduced?

For businesses with fewer than 30 employees, there's a lot of money to be saved by utilizing a payroll services vendor. Simply add up all the work hours your current payroll department logs not only cutting payroll checks but also processing timesheets, preparing and remitting payroll taxes, or handling W-2s, garnishments and payroll reports. Then compare that to what a payroll services company charges. A business with just 10 employees typically spends about $2,600 per year.

Why Should You Increase Productivity?

When your staff is free from the payroll millstone, they can get down to business. Along with the costs associated, payroll duties take a lot of time away from your staff that could be used doing other things, like making money. Marketing, customer service and product development will all see increased attention.

What are the Benefits?

Turning over payroll services to an outside entity also brings with it more benefits for your employees. Direct deposit, mobile services and online payroll information access for employees are just a few of the benefits your business could realize by bringing on a new member of the team. You also gain an expert voice to turn to when payroll-related questions come up.

For all these reasons and many more, hiring a payroll company to help you manage your business payroll makes a lot of sense.