Accounting firms are obviously made up of people who have an expert level understanding of local, state, and federal tax laws. Since a big burden of payroll operation is ensuring payroll tax compliance, one might assume a CPA firm should handle their employee payroll in house, but there are many benefits to outsourcing to a professional payroll services company, even for accountants.
Our company is based in the East Bay Area, and we have helped businesses in the area and across the country with their payroll operations for many years. From large organizations to mom-and-pop shops in any industry, we can offer services to help your company thrive.
In the sections to follow, we will discuss a few of the benefits an accounting firm can enjoy when they use our payroll processing services.
Limit Fraud Possibility
Accountants are all too aware of the dangers of fraud in the business world. It’s likely you have worked with a client who has been a victim of fraud in one way or another, and payroll fraud is a problem in many companies regardless of their size and structure. By outsourcing your payroll, you essentially eliminate the chance for your employees to commit payroll fraud. Our team handling your payroll means it’s out of your facility and there is little chance of bribery or collusion occurring, and as any business owner knows, limiting your liability is always a good thing.
Offer Convenient Services with Ease
We are experts in making the payroll process easy for employees and employees alike. Our team has a vast amount of experience in setting up direct deposit or pay cards,
preparing W2s and other tax documents and offering a high level of service for employees. Even if you’re a small firm, these payroll services will help your people enjoy the same convenience and service as they would if they worked with a large company.
Keep Your Team Lean
It’s not ideal for a firm to have to hire someone just to perform payroll services, and we see the result of outsourcing as a positive when it comes to keeping your team small and on task. Rather than allocating important resources and/or man hours to payroll processing, you can hire more CPAs or support people, so your company has the level of expertise and the team members to succeed.
Focus on Important Tasks
In a related benefit to the previous point, outsourcing allows you to stay on task and focus on the needs of your clients rather than focusing on payroll for your team. You don’t have to take on payroll disputes, you don’t have to process checks and distribute them in house, and you won’t be stressed over payroll compliance. All this adds up to an ideal experience for your team and your clients.
Do you think payroll services can help your CPA firm thrive, or are you interested in learning more? Our team of local payroll experts would love to provide more information and discuss how we can help serve the unique needs of your business. Give us a call today to get started.