Payroll services provide a means for you to payroll your employees through Traincroft. This option allows you to evaluate an employee for as long as you feel necessary without committing to "full time" employment.
Although most small businesses in the U.S. still process paychecks internally, this is not always as cost-effective as it appears. At a minimum, processing payroll internally can cost valuable hours of employee time every pay period plus expensive accounting software and training.
In addition, the person who handles your payroll needs to keep up to date on changes in personnel, deadlines, and tax requirements on an ongoing basis.
Payroll outsourcing can be an affordable way to remove this burden. If your employees work varying amounts of hours each week or if you have significant turnover, a payroll service can be a time-saving and cost-effective alternative to internal processing.
Using a payroll service can also be helpful if you have to pay payroll taxes for multiple states.
Even if your payroll expenses are quite stable, companies with more than 10 employees may find that the time saved by outsourcing payroll easily makes up for the low costs.