Payroll On The Go With The New VendorFind App

March 8th, 2012

Having access to high quality, low cost service providers can help move any business forward. Our new app gives you a simple and cost-effective way to connect with the best business services for your needs.

The VendorFind app features all of InsideUp’s 20 business service provider categories, including VoIP, call center, payroll services, human resources, business internet,  web development,  credit card processing, collection agencies,  business cash advance and many more.

Are you looking for payroll services?  VendorFind will let you tap into InsideUp’s comprehensive knowledge base to learn about payroll services before you make your decision and choose a vendor.

You’ll also have access to tools such as informative videos, wikis, vendor ratings and “Quick Guide” overviews of each category including payroll. Easily link to our Facebook, Twitter, YouTube and LinkedIn pages for additional information and special deals from select vendors.

Once you’ve found the service you need, simply submit a quick survey to be instantly matched with vendors that fit your criteria–and receive custom, competitive quotes from multiple providers. Have additional questions about business services? Simply click on our phone number displayed on the app to speak to a representative.

Finding qualified service providers has never been easier! Say you’re meeting your business partner to discuss your new payroll campaign. Simply access the payroll category on your mobile phone to start receiving quotes from pre-screened payroll agencies. You could realistically save up to 60% on payroll services for your next campaign. And that’s just one example; with VendorFind at your fingertips, you can be sure you never pay too much for the business services you need.

The VendorFind app is a real time-saver for businesses that don’t want to advertise for a service provider and then face the ordeal of researching each provider to find the one that best matches their needs and budget.

Download the free VendorFind app today and see how easy it is to connect with the business services that will help your company grow.

 

Payroll Services: 7 Convincing Reasons to Outsource Payroll

January 30th, 2012

If you have been listening to advice on hiring a payroll service and are yet hesitant to hire one, here are seven convincing reasons:

Insanely High Savings

This may come to you as a surprise but some companies do not have HR departments. They don’t even have an HR staff. This is because they use a payroll program that helps them to manage all their payroll tasks at affordable rates, saving thousands of dollars every year.

Conversely, handling payroll in-house would require paying a salary of $8,000 to $12,000 to a payroll administrator. You would also need to hire someone to encode payroll information and another person to handle technological support. If you compare all these costs to hiring a professional payroll service, you will find the number one reason for outsourcing payroll.

Save Up Some Resources

By using payroll companies, you can optimize your manpower which you can use for more important engagements. This will ultimately increase the productivity of your staff, which will be definitely visible in the annual profits. Payroll is tedious and mundane work; even the most loyal employees will share this feeling. Using a payroll program and assigning any non-payroll task to such employees will indeed help increase the overall productivity.

Tax Administration

One of the most important benefits of hiring a payroll service is that you get the tax administration services with the bundle. This means that you don’t need to carry out filing and do tax-related work yourself, as you have qualified legal professionals that you can rely on. They know how to circumvent the taxation laws and penalties so you will enjoy great benefits by opting for a payroll service.

No Bad Checks

With a payroll service lending their expertise to your payrolls, you won’t be confronted with incorrect paychecks and you’ll save time and effort dealing with the problem.

Convenience

The convenience that you get by using a payroll service is boundless. Your paychecks will arrive in time, with no errors and no worries. If you find that the service is not good, you can easily find another vendor. Compare this to a payroll administrator in your office. Will it be easy to fire him/her if you think that he/she is not doing a satisfactory job?

Speed

Payroll service companies have years of experience, industry knowledge and legal expertise that you can never expect from your employees. These factors alone will ensure that paychecks are delivered right on time, without any delays.

Special Services

Many additional services are offered by payroll providers, making the experience even more hassle-free and convenient. Data backup is often bundled with the package to ensure that you never lose your payroll information. You can also ask for customized reports that can help you make important decisions regarding bonuses and appraisals. Again, these services cannot be found in an in-house payroll department.

Insideup’s Payroll Outsourcing Guide Provides Competitive Advantages to Businesses

January 11th, 2012

Managing payroll administration in-house can be costly and time consuming on one hand and can occupy you with legal issues to distract you from core obligations on the other. Under such scenarios, outsourcing to the best-matched and affordable premium vendors having skilled manpower can quickly result in increased business productivity.

Payroll services involve many stressful tasks like managing the wages of employees along with their tax liabilities and other benefits. Outsourcing such activities leads to saving time, effort and money by means of a successful payroll program. All the associated tasks are handled by a dedicated team of experts from the designated premium vendor at affordable rates. Payroll accounting data can also be exported to accounting software packages like Quickbooks Payroll.

InsideUp features a complete online comparison guide that connects businesses with top payroll service providers along with their features, quotes and specialized capabilities to make the best final vendor decision. It even answers your queries related to payroll administration and its outsourcing by means of informative blogs and articles along with the latest industry trends, best practices and other important considerations.

InsideUp will facilitate your instant service request by connecting you with leading providers based on your specific business needs. Our comprehensive online resources provide access to flexible solutions and significant cost savings.

Payroll is a vital function that handles the financial operations of businesses while ensuring compliance with current laws and regulations. Outsourcing such activities provides access to specialized and cost effective services from various top-notch vendors utilizing the latest software and technology. It reduces the workload and stress and helps to foster a good relationship between your organization and its employees.

Outsourcing utilizes the expertise of payroll providers, which can serve as a helping hand toward enhanced efficiency and successful business activities.

To search the online comparison guide for your payroll queries and to get the best-matched outsourcing solution, visit http://www.insideup.com/compare/Payroll_Services

Why Should I Consider Outsourcing My Payroll?

November 3rd, 2011

Still not sure of why you should move payroll processing to a third party? Here are some of the more prominent benefits:

 

  • Cost – It is expensive to hire staff specifically to do the payroll. Costs include salaries, statutory contributions (Medicare and social security), medical insurance, retirement benefits and of course regular training to ensure the staff remain abreast of latest technology as well as any changes to tax, payroll and privacy laws. There are also infrastructure costs such as payroll software, dedicated servers and regular system patching.

 

  • Avoid penalties – Late or incorrect filings of payroll tax data can lead to substantial penalties. The IRS reports that 40% of all small businesses in the US pay (on average) $845 each for incorrect or delayed payroll tax filings. By outsourcing your payroll, you can transfer this headache to a third party thus allowing you to concentrate your in-house human capital on core business processes. Many payroll calculator providers undertake to foot any tax penalties that result from incorrect or delayed payroll tax processing.

 

  • Avoid the risk of trained in-house payroll processing staff walking out with their expertise – When you outsource your payroll, you benefit from the expertise of the most competent payroll processing professionals in the market at a fraction of the price of hiring them in-house. But there is another important angle to this – continuity and knowledge retention. Other than budgetary constraints, nothing would ordinarily stop you from hiring a payroll processing expert in-house.

 

However, what happens if after hiring and/or training them, they move to another organization? The cost of hiring and training the person would have effectively gone down the drain. When you transfer payroll processing to a specialized payroll processing service provider, you can bank on not having to worry about your business coming to a near standstill because critical payroll staff have abruptly left your organization.

Outsourced Payroll Services – Is Your Data Secure?

November 3rd, 2011

If you were to randomly interview HR managers, CFOs and CEOs from a broad spectrum of companies, you will find that one of the main reasons for not outsourcing their payroll workcenter process is the fear of losing control of sensitive employee data. Payroll data includes names, bank accounts, SSN, employee id, salary and bonuses.

 

If such information falls into the wrong hands or otherwise makes its way into the public domain, it will not only expose employees to possible identity theft and fraud, but it can also be a source of embarrassment and discomfort (for instance, revelations that employees of near equal skill earning starkly different salaries).

 

Data security is one of the key factors to consider when outsourcing your payroll. If you engage a payroll service provider that has little regard for data security, it is your business that will be exposed to regulatory, legal and reputation risks. In the event that the employee data in the service provider’s custody leaks or falls into the wrong hands, your business will bear the brunt of the repercussions.

 

Some of the data security questions you need to ask before outsourcing your payroll include how the payroll data will be moved from your premises to the payroll service provider’s and how the service provider intends to protect the information when working with or storing it. Use the service contract and an NDA (Non-Disclosure Agreement) to get the payroll services provider to commit to the highest standards of data security and confidentiality.

 

Ask for an information security report from an independent auditor or have your own auditors or IT staff perform an on-site assessment. The service contract should include a clause that gives you the right to conduct an onsite audit each year, the results of which can have a bearing on whether the contract will be renewed.

Is Outsourcing your Payroll the Best Decision?

August 18th, 2011

Working on payroll for a business can be a dreaded task that few enjoy doing. So why not delegate this process to other payroll services? Your main goal as a business owner, manager, employee, etc. is to grow your business. By giving another resource the tasks of payroll, you can focus your attention towards other areas needing improvement.

Outsourcing for payroll services is not uncommon in this day and age; especially, for small business owners who do not have the time or knowledge to accurately complete payroll. Through using other payroll services, you can in the long run, save money, time and be more efficient! Experienced and qualified payroll services have the necessary resources to improve your business.

Are you tired of spending extended hours working on your payroll? Are you a small business, with plans of growing? If you answered yes to any of these questions then outsourcing payroll is right for you! Use this free service to compare payroll service providers that fit your needs, here.

Research Your Payroll Accounting Vendor

August 18th, 2011

Outsourcing your payroll accounting could be the ticket for success for your business. By allocating this department to qualified specialists your business can grow to greater lengths. These services range from computing wages to administering any necessary benefits. Some tips to consider when selecting a payroll vendor are as follows:

-Experienced vendors: It is imperative that the vendor you decide on is aware of the industry you are working in and any consequent knowledge.
-Qualified: Have a strict criterion the vendor must meet.
-Educated: You want to know that these vendors are actually educated, know the common laws and practices, etc. to keep you from any potential financial troubles.

Always do extensive research before making a final decision. Calling references, word-of-mouth, or any legal issues. You want to be comfortable knowing who is handling all your company’s payroll. This process is complicated and time consuming, but with the right resources you can eventually decide on the company best for you! Use this free service to compare payroll service providers that fit your needs, here.

Sixteen Tips for Choosing a Payroll Vendor

July 14th, 2011

The process of choosing the right payroll companies for your company can be challenging. Below is a list of several factors to consider when making your final selection.

  1. Ease of setup and overall ease of use.
  2. In the U.S., is the vendor a member of the APA (American Payroll Association)?
  3. Do they have a proven ability to met tax deadlines?
  4. Can they pass a background check, including a check through the Better Business Bureau?
  5. Do they use accountants and individuals that are financially savvy and comfortable with financial calculators?
  6. A good payroll accounting firm will use due diligence to find out answers to questions, such as the amount of vacation that employees had, overtime hours and more.
  7. Does the firm file taxes electronically as well as by mail? It may be important that your company has options when it comes to filing.
  8. Is the vendor able to electronically file state employment taxes in a particular state?
  9. The company should have access to all tax and reporting forms.
  10. Does the vendor have the ability to pay 1099 workers such as contractors?
  11. The company should provide a detailed end-of-year report of the business’s payroll situation on an annual basis. Some companies also provide detailed monthly reports.
  12. Is customer service widely available anytime you have a question?
  13. What is the cost of payroll processing? It’s wise to weigh this factor along with quality of service and features, rather than basing your choice on savings alone.
  14. Will the company provide options for your business growth if you take on more employees and payroll expenses?
  15. Is the vendor able to export payroll data to various accounting software packages?
  16. Is online help and technical support available?

You can simplify the process by taking a few minutes to answer some questions about your company’s particular needs, and receive custom quotes from top payroll vendors.

Does Your Business Need to Outsource Payroll Accounting?

July 14th, 2011

While it might be feasible to handle payroll processes in-house, you should carefully weigh the costs of doing so. Payroll calculator accounting entails some of the most time consuming tasks involved in operating a business. It is also the least strategic area of business.

Managing payroll yourself will not result in business growth, nor will it increase your bottom line. What it will do is consume a great deal of your time with mundane tasks that will need to be repeated for every pay period. Your time as a manager is best spent on strategic planning in areas of your business that can produce growth and a return on your investment.

Payroll outsourcing companies focus solely on processing payroll. Their expertise makes them incredibly accurate and efficient at what they do. If you choose to assign your own employees to perform payroll duties in-house, be aware that they may not possess the same expertise and reliability of a payroll services firm.

With an outsourced payroll company, you will never need worry about late payroll, compliance issues, or employee illnesses and vacations. It also means your human resources personnel will be available to handle more strategic matters.

By outsourcing all of your payroll operations, your company stands to spend considerably less than it would for full-time in-house staff. In today’s economy, increasing the bottom line and reducing costs is vital, and outsourcing payroll services is a proven means to realize both objectives.

According to Norman LeClair, CEO of Corban OneSource, the top four reasons companies outsource their payroll administration are: it saves money, is more accurate, dramatically increases reliability and confidentiality, and frees up the client’s time to focus on more important areas of their business.

Take Full Advantage of Your Payroll Provider’s Services

December 29th, 2009

payrollMost business owners realize the obvious benefits of outsourcing payroll, such as saving money—outsourcing can save your company up to 30% over the cost of in-house processing—and saving time. But you may be unaware the many things your payroll service can take off your hands, from annoying little tasks, to key procedures, such as:

  • Paycheck processing for multiple company locations can be easily handled by your payroll workcenter supplier. Some vendors have a branch in every major city. Smaller suppliers will distribute paychecks to multiple locations via an overnight delivery service.
  • Direct deposit, a feature that most employees appreciate, and that smaller businesses are unable to offer through an in-house system. Funds deposited directly into employees’ bank accounts are often available a day earlier than a paper check would be.
  • Check stuffing, for those employees who prefer a paper check; your payroll service will handle the time-consuming chore of printing checks and placing them in envelopes.
  • Special reports. Ask your payroll vendor for a list of their report-writing packages. This service can be of real value if your company needs any type of specialized report. Again, many in-house payroll systems do not have this capability.
  • Data backup. You won’t need to be concerned about losing payroll information, because most payroll providers back up their data regularly.
  • New employee reports. The law in most states requires businesses to file a report for each new hire. Your payroll service can compile the data of all your new employees and submit this information to the government electronically.
  • Tax services. Save yourself the anxiety of possible penalties due to inaccurate tax       payments by having your payroll provider remit all employee taxes.
  • Expertise. You will have a team of payroll processing experts at your service. Your payroll provider will usually be able to answer your questions over the phone, and some will even come to your location for a consultation.

These are just a few of the services your company can take advantage of when you outsource your payroll. Your provider can also take over many processes normally handled by your human resources department, such as the administration of 401k plans and other benefits, saving your company even more labor dollars.