Hold on!

But why should you even hire a payroll service providers when you can process the payroll yourself?

Simple; it will save you time.

According to SCORE, small business owners spend one to five hours on payroll tasks every month.

Surely, you would want to save this time, and instead use it to serve your customers in a better way?

Umm… But shouldn’t it be “more”about saving as much money as you can during the first few years of your startup?

Well, outsourcing your payroll operation also helps you save money.

On average, small businesses face fines of $845 a year from IRS due to mismanaged payrolls.

That isn’t going to be you, right?

So, everything considered, hiring a payroll company for your startup definitely makes sense.

Which brings us to the question:

What should you look for when hiring a payroll company for your small business to make sure you’re making the right choice?

Hiring a payroll company

The very first thing you need to consider is the cost of the service.

You need to find a company that fits your budget.

This can actually be tricky. Payroll companies have different fee structures and offer different types of services as part of their service package.

So, even though it may look like you’re comparing apples with apples, that isn’t always the case.

When interviewing prospective companies, ask them in detail about their fee structure and pricing policy.

Pick the one that you think will financially suit you best.

The next important thing to consider is the support that the company offers.

There will be times when you’ll need to reach out to your payroll company for assistance on payroll solutions. For instance, an auditor might come to your door and ask you to provide payroll records of your employees.In such (and other) cases, having the payroll company by your side can be of immense help.

You should choose a payroll company that offers strong and around the clock support to your business.

Last, but not the least, it always pays off to research the reputation of the company before hiring one for the job.

In other words, you should try to find out what the customers are saying about the company and its services.

Thankfully, internet has made this very easy and convenient for us today.

You can visit the company’s website or search about it on the Google for their client reviews.

Wrapping Up

All in all, a payroll company can benefit your business in many ways, if you get your decision right.

We wish you good luck with your small business payroll shopping.

If you’re interested in finding out how A&B Accounting and Business Solution can help you, take a tour of our services.