PAYROLL OUTSOURCING in a business means engaging an external party to handle all payroll related activities. OUTSOURCING OF PAYROLL functions is generally done to reduce cost and save time required to deal with financial tasks related to a PAYROLL.
Simply put… PAYROLL OUTSOURCING means exporting some or all of your PAYROLL administration to a specialist third-party organisation.
OUTSOURCING PAYROLL allows you to eliminate plenty of paper work and also eliminates the possibility of any fraud. It’s also less time consuming and error free which makes life easy for small enterprises.
A PAYROLL SERVICE provider is a company that automatically processes PAYROLL calculations, PAYROLL tax statements, year-end taxes and more. Many employers prefer to use OUTSOURCED PAYROLL SERVICE providers to help ensure their employees and taxes are paid accurately and on time.
From single payslips for domestic workers to small or medium companies – no payroll is too small.