Outsourcing Non-Core Functions Such As Payroll

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Outsourcing Non-Core Functions Such As Payroll
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• Non-core functions are classed as activities that
  are not chargeable to your customers, and which
  do not affect your competitiveness with other
  businesses. A prime example of a non-core
  function would be payroll.
• While business consultants will undoubtedly
  recommend that all businesses outsource their
  payroll, do you know for sure that this will be
  advantageous to you and your company, no matter
  its size?
• What are the benefits of outsourcing payroll?

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• It allows you more time to focus on core aspects
  of your business
• Payroll is one aspect of your business that while
  not directly affecting your sales figures, could
  be damaging to your business, if carried out
  inefficiently. It can also take up a lot of
  unnecessary time and detract the focus away from
  core aspects of your business. With the many and
  varied laws and regulations that business owners
  must comply with such as those surrounding the
  hiring of new staff, unemployment compensation
  and workers compensation insurance, not to
  mention legal requirements such as tax reporting
  and remittance - keeping up to date with it all
  can be mind boggling and time consuming.

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• Outsourcing payroll means that your brain power,
  energy and time can be refocused on the core
  aspects of your business that do affect your
  sales figures.
• You will have access to more payroll technology
  and expertise
• Hundreds of new federal and state laws and
  regulations are put into place every year, and
  understanding and keeping up with them all is
  tough. You could face costly penalties if youre
  not able to comply with them all. A payroll
  expert will ensure that they are always staying
  on top of new laws and regulations as and when
  they are enacted, and there should be no risk of
  your business being non-compliant.

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• As far as technology is concerned, youll want to
  keep abreast of all the latest changes and
  developments in technology as your business
  grows, otherwise youll fall behind with employee
  records and reporting.
• Your employees will also expect their employer to
  provide them with the latest technology so that
  they can access their payroll information online
  and receive direct deposits. Many employees are
  also wanting to use mobile apps to check their
  employment records, and without access to the
  latest technology trends, you simply wont be
  able to keep your staff happy.

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• Costs and risks are lowered
• Your business could cut its costs and limit its
  risks by outsourcing payroll, especially when it
  can prevent discrepancies between yours and your
  employees time records helping you to avoid
  overpaying your staff.
• Late or incorrect filings to the IRS can be
  costly for any business, but with a professional
  and highly skilled payroll specialist assisting
  you, the chances of that happening are virtually
  zero.

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• It doesnt matter what size your business is, or
  the size of your budget, outsourcing payroll can
  be affordable and will almost certainly help your
  business to grow and keep up with its
  competitors.
• Apollo Payroll is one of the premier small
  business payroll services companies in Miami.
  Apollo Payroll is dedicated to delivering expert
  advice, responsive service, and highly accurate
  payroll processing and reporting to ensure the
  success and growth of the business that we serve.
  Our services include comprehensive online payroll
  services, employee background check and employee
  timekeeping services.