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Why It Pays to Outsource
Your Payroll to AGHAZ
There's more to managing business payroll than writing checks and
handing them out to employees on time. You need to keep accurate
records, calculate and pay payroll taxes, and communicate effectively
with employees. Many business owners are finding that they can simplify
the process by using an outsourced payroll provider to manage the entire
process cost-effectively and efficiently.
Outsourcing your payroll to AGHAZ can provide your business with a
number of important benefits:
Save time
Using an outsourced payroll solution of AGHAZ is typically more
efficient for a business than processing payroll internally. Leaving
payroll to experts frees up hours that you can devote to other important
parts of your business. Whether it is your time, staff time, or a
combination, chances are the hours could be better spent winning more
business, improving customer service, fine-tuning business operations or
launching a new product line. Among the areas where outsourcing will
save time are:
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Processing payroll
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Cutting and
distributing paychecks
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Calculating and
paying withholding and employment taxes
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Preparing tax
statements at year-end/quarter end
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Handling employee
payroll inquiries
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Delivery time,
Within 4 work days!!
Save money
Many business owners underestimate the cost of processing payroll
internally by failing to account for all hours spent and resources
allocated to pay employees and maintain payroll paperwork. A thorough
cost assessment usually proves that business saves money by outsourcing
the processing, tracking and filing of payroll documents. To assess your
own internal payroll costs, consider:
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How much the time
spent is actually worth: consider the cost of your time and the time
of anyone who processes or "touches" payroll. Often, many people in
a company are involved in the various parts of payroll processing.
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What savings would
outsourcing provide: since an outside provider can handle all the
responsibilities involved in managing payroll and answering employee
questions, a business can often eliminate or reallocate an internal
payroll resource.
Avoid penalties
Calculating employment taxes and filing payroll-related tax paperwork
can be more than just a hassle. If it's done incorrectly, your business
may face penalties and even interest on money owed since the mistake was
made. In fact, it is estimated that one in three businesses receive a
tax penalty costing over Rs 48,000 ($800) each year. Outsourcing payroll
to AGHAZ does away with the risk of many of these costs and hassles
because:
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An outsourced
payroll provider calculates payroll taxes, based on its expertise
and close tracking of regulation changes
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Monthly or
quarterly employment tax reports are managed by the payroll service,
ensuring they are submitted correctly and on time
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Payroll providers
may assume penalties that come as a result of incorrect tax
calculations
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End-of-year
paperwork — such as W-2s and 1099s — are handled directly by the
payroll provider, so they are sent out on time
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