Is it time to outsource your payroll? The answer is YES, FOR CRYING OUT LOUD! Hand it over.

But seriously, outsourcing payroll is a great way to cut business expenses. Cutting costs is a good thing, right? If you currently handle the payroll yourself, then you can save time by letting a professional tackle it, and the money you'd save on one tax penalty will pay a payroll service for almost an entire year! if you have a payroll clerk on staff, then using a payroll company instead could save you thousands of dollars every year!
So, how do payroll companies operate? Well there are a few different methods, for example, some providers charge a certain percentage of a businesses monthly payroll. Generally speaking though, payroll providers charge an administrative fee and a per check fee which is generally somewhere between 3-6 dollars. However, a word of caution is needed. Some payroll providers will charge additional amounts for direct deposit, filing taxes, setting up/terminating employees or generating reports. On the other hand, There are still companies out there which are all inclusive and have no hidden fees. The cost per check may be a little higher, but in the end, you may come out ahead knowing that you have a fixed rate per check. This is often the case if you are in an industry with a lot of turnover, such as food or retail. Do your research!