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Payroll Services FAQs
Frequently asked questions
Hopefully, most of your questions will have been answered
in the buying guide, but if not, here are a few more common
questions that are often asked about payroll services:
What kind of services does a payroll provider usually
offer?
Most providers supply similar services, such as creating
management reports, calculating payroll and tax deductions
for each employee and printing and delivering cheques. Other
related services may be available, but at additional cost.
Be clear about which features are offered and be sure that
they match your company needs.
Why should a company consider payroll outsourcing?
For most companies, payroll is not a core competency. Therefore
the decision to outsource the function can not only save money,
but also enable you to reallocate resources to your core business.
When, specifically, should a company consider payroll
outsourcing?
Outsourcing should be a strategic decision. Ask yourself:
- Is there a system in place in the organisation that will
issue payments effectively and on time?
- Is the company internally able to do the calculations
and deal with the details of the payroll with almost 100%
accuracy, timeliness and compliance to tax law and government
legislation?
- Does the company have the personnel (and time) to review
the accuracy of all the above operations?
- Is the total number of staff fewer than 20 people?
If you can't answer yes to all of the above questions, you
may want to consider outsourcing payroll.
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