Third party payroll administrators sometimes have more sales people than accountants. Sometimes it makes sense to keep payroll in-house. (910) 840-3858.
With a new Client we often provide initial payroll services. Eventually we help find you a reliable third-party payroll service or train your staff to handle payroll in-house.
Keeping payroll in-house always makes sense financially. But there has to be financial discipline and good cash flow management. Payroll reduces to a set of well-defined processes; only the numbers change.
- I was the accountant for a firm that used ADP. I was astounded at the cost, especially since I did about 85% of the work for them.
- I was the CFO for a regional medical practice with $325,000 +/- of gross payroll. It took about four hours a month to handle that.
When does it make sense to outsource payroll? Payroll administrators collect the gross pay and expected taxes up front. That’s a real plus for some companies. Why? It solves the late payment IRS penalty issues.
I like to train clients to handle payroll and then be there when support is needed. But we help find the Client a compatible payroll solution when appropriate.
