New Employer Issues – Should I Outsource Payroll?

Q. I will be hiring my first employees later this year. Should I do payroll myself or use a payroll company?

A. This question has been asked by companies ranging in size from the single employee shop to the multi-national corporation. The trick is, how much are you willing to pay, or how much time are you willing to spend to stay compliant with the myriad of tax laws at the federal, state and local level? For smaller employers, it is much more difficult to handle payroll in-house. Your expertise is in the area of business that you run, not in payroll.

When you are able to support it, hiring an employee with payroll/hr experience can be a great thing for your business. That being said, there are many payroll companies out there that Read more »