Archive for March 5th, 2017

Advantages and Disadvantages of Outsourcing Payroll Services

If you’re considering payroll outsourcing, you may have noticed exactly how many payroll services there are in Australia at present. It’s difficult to know which you need, or if it’s even the right solution for your needs to start with. As with everything in life, there are advantages and disadvantages to payroll services, so we’re going to look at them in a little more detail below.

What are the advantages of payroll outsourcing?

There are many advantages to using a payroll service in Australia, especially as a small business. The most immediately noticeable is the saving in time. You or your staff are no longer stuck trying to cram payroll hand processing into an already busy schedule. It can also work out a considerable saving in cost. Microsoft may be able to justify the costs of a dedicated payroll department, but even one dedicated financial practitioner on the payroll can be too much for small business. And they probably aren’t needed the proverbial 24/7, 365…the work peaks and wanes through the month. An outsourced department is among the best ways to cut down on costs without sacrificing quality.

Payroll …

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