{"id":3123,"date":"2018-09-30T12:06:06","date_gmt":"2018-09-30T02:06:06","guid":{"rendered":"https:\/\/intas.com.au\/?p=3123"},"modified":"2020-12-11T12:44:35","modified_gmt":"2020-12-11T01:44:35","slug":"how-outsource-payroll","status":"publish","type":"post","link":"https:\/\/intas.com.au\/how-outsource-payroll\/","title":{"rendered":"How to Outsource Your Payroll (And Why You Should)"},"content":{"rendered":"\n

The payroll run has arrived. Again.<\/p>\n\n\n\n

If this statement causes you to break out in a cold sweat, this article could be for you, as we take a look at why it’s time you outsourced the payroll function of your business.<\/p>\n\n\n\n

Yes, outsourcing payroll is available! And for those that knew it existed but couldn\u2019t fathom handing over such an important task, let us show you how easy it is!<\/p>\n\n\n\n

Firstly, there are major benefits of outsourcing your payroll, going way beyond the multitude of time you will get back and the dollars you will save:<\/p>\n\n\n\n

Provides peace of mind<\/h3>\n\n\n\n

By outsourcing the payroll function you will have peace of mind, a mental freedom on many levels; the knowledge that your employees are going to be paid correctly and on time every pay run, regardless of staff absences or mishaps that occur in daily business life.<\/p>\n\n\n\n

There is now a segregation of duties and confidentiality surrounding payroll and the personal data of your employees.<\/p>\n\n\n\n

Ensures compliance<\/h3>\n\n\n\n

Payroll is always up to date with award rates, national payroll employee standards, Fair Work and payroll tax law.<\/p>\n\n\n\n

All taxes related to payroll are lodged and paid on time including year-end payment summaries, and super is submitted and paid to all employees\u2019 super accounts.<\/p>\n\n\n\n

Increases business efficiency<\/h3>\n\n\n\n

Your employees will be happy as their pays will always be on time and correct.  They will have access to their leave balances and super amounts and you can offer them flexible pay options to different accounts.<\/p>\n\n\n\n

Employees previously tasked with payroll can now spend their time doing more productive tasks or revenue generating tasks such as customer service, sales or production.<\/p>\n\n\n\n

\"Happy<\/figure><\/div>\n\n\n\n

Here\u2019s how to outsource payroll<\/h2>\n\n\n\n

Step 1: Choose an experienced payroll outsourcing company.<\/h3>\n\n\n\n

Ask other business owners or friends if they can recommend an outsourcing payroll company or type in payroll outsourcing into google.<\/p>\n\n\n\n

Interview several different payroll outsourcing companies, similar to hiring a new employee or consultant.<\/p>\n\n\n\n

Once you have chosen three from your list, ask them for a fee proposal. Look closely at the costs and the breakdowns.  Does it include everything you need to process payroll?  Try to think about your future needs in line with your business plan \u2013 will they be able to handle your business growth?<\/p>\n\n\n\n

Do they have sufficient resources?  You want the new payroll function to run smoothly and without mishaps \u2013 you need to know if they have back up to cover their own staff issues or absences.<\/p>\n\n\n\n

Are the payroll services handled in-house or do they outsource their services overseas?<\/p>\n\n\n\n

Do they offer an online employee self-service and if so, what features do they include?<\/p>\n\n\n\n

Ask them for references.  They may be great with the talk and promises, but there\u2019s nothing like hearing from their clients how their service levels really are.<\/p>\n\n\n\n