Archive for June, 2009

The Cost of Payroll Outsourcing

Tuesday, June 30th, 2009

Priority Pay Payroll offers affordable payroll processing for small and medium-sized business. If you’ve looked at payroll processors before and determined that it wasn’t worth the price or that it wasn’t within your budget, then you need to look at the services we offer and the money you can save by outsourcing. If you already outsource your payroll, you should consider the switch to Priority Pay Payroll, where you can save up to 40% off your annual payroll fees.

The cost of payroll outsourcing can seem like an unnecessary additional expense for a small or medium-sized business. This is especially true if you have an employee or employees who handle payroll now. You’ll still be paying them for the same number of hours, but will have the additional expense of outsourcing. But when you look at it a bit differently you can see how outsourcing your payroll with Priority Pay Payroll costs far less than you might initially think.

Consider the skills and talents of the employees who handle payroll now. Most small businesses don’t have a human resources department or an employee who does nothing but payroll tasks. Some medium-sized businesses also don’t have these things. So an employee who does other things for your business must take hours away from those tasks to handle payroll each week.

If you choose to outsource with Priority Pay Payroll, that employee can now devote those hours each week to a core task within your business—one that brings in business and money. That alone helps offset the price of outsourcing payroll. But the benefits go beyond even that.

When you consider the hours the employee puts in each week doing just general tracking and reporting, it’s easy to forget the hours spent learning how to do it, keeping up with rules and law changes regarding taxes, withholdings and other payroll matters, time spent replacing lost or stolen checks, and other payroll-related time-eaters.

With Priority Pay Payroll, that employee not only doesn’t have to do payroll tasks, but he or she also doesn’t have to worry about all the things that go along with it. You know that these things are being done accurately and on-time. Any problems that arise won’t eat up more of that employee’s valuable time, because Priority Pay Payroll takes full accountability for your payroll and tax reporting once you outsource these jobs.

When you free up an employee from these repetitive tasks, not only will those hours be spent on more productive things, that employee has much less worry about things which can lead to more productivity in general. And if you’ve been doing the payroll, now you have more hours to spend doing what’s most important—building your business.

Chances are that outsourcing will free up your employee’s time and your time, too. How often have payroll problems arisen that have been brought to your attention for help before they could be resolved? The cost of outsourcing to Priority Pay Payroll not only lets you and your employees make more money, but it gives you peace of mind that the job’s done right.

The Benefits of Priority Pay Payroll

Monday, June 29th, 2009

Priority Pay Payroll knows that starting and building a small business today is no easy task. Not only does it seem like everything from tax laws to regulations are set against you to make it even harder to get ahead, now you have to compete globally. At one time, a person could open a business and perhaps have no competition at all within their local town. Now such a business might have to compete with other huge companies nearby. And online business or those that cater to a customer base beyond their geographical location hot have to compete with companies all over the world.

So those who start a business and keep it running successfully deserve a round of applause, and help keeping that business growing. Priority Pay Payroll can help businesses grow by taking the task of payroll processing off-site and letting everyone get back to what they do best—building the business.

When you outsource with Priority Pay Payroll, the person responsible for payroll processing no longer has to do it. That could be you as the owner, or an employee that has been given the job. If it’s you, just think about what your time is really worth and it’s easy to see how valuable outsourcing can be. Would you rather spend 5 hours working on payroll or 5 hours creating a plan to bring in that new, huge account? Or spend 5 hours figuring out the next step for your business, that’s going to take it to the next level?

If it’s an employee, would you rather them spend 5 hours doing payroll, or 5 hours bringing in new clients? Wouldn’t 5 hours be better spent upselling existing clients on a new service than crunching numbers?

Five hours is an optimistic number, as well. When you consider the time you’ve spent learning the system, checking the tax laws, figuring out the software and dealing with uncertainties and problems, the time spent on payroll can be surprisingly large. Especially when you add in the annual reporting and tax filings and what it takes to prepare for those. These are all things that Priority Pay Payroll will handle for you, freeing up all those hours for you to work on core business activities instead.

You’ll also be free of the worry about whether things are done correctly or not. Many owners continue to do things like payroll long after it’s most efficient or cost-effective for them to do, simply because they want to make sure it’s done right. They also may not want one employee to be privy to the income of all the other employees.

Having this burden makes you directly responsible for things like tax filings, new hire reporting and figuring everything correctly even when it’s complicated with leaves, sick days, vacation days and special tax situations. By outsourcing to a company like Priority Pay Payroll, you no longer have to worry about these issues or the issue of privacy for your employees, so you and they can worry about generating business instead.

Priority Pay Paperless Payroll

Sunday, June 28th, 2009

Priority Pay Payroll wants to help you make the switch to a truly paperless payroll system. Not only is this good for your business, but it’s good for the environment. And while many companies make the switch with the environment in mind, the benefits to their business become clear right away.

When you’re doing your payroll, whether or not you have top of the line software, the amount of paper generated during processing represents a lot of paper waste, which can amount to a large number of trees in a relatively short period of time. Most of that paper is thrown away almost immediately, which is pure waste. And even if your company recycles paper goods, those trees had to be cut down and now the recycling plant, while doing good by reusing paper, is a source of pollution.

Priority Pay Payroll offers a paperless payroll solution that prevents either situation. Payroll documents, checks and stubs are emailed to you each payroll in Adobe Acrobat format. This saves a great deal of paper, not to mention ink. Ink cartridges represent a special environmental hazard, and even when they’re recycled they use resources and create pollution. Think of how much less ink and paper you’ll use when you outsource your payroll.

Priority Pay Payroll provides you with check stock so you can print checks in your office. You can also print any stubs and reports that you choose. But you could also opt for direct deposit. In this case, the same reports and stubs would be mailed to you, but you and your employees have the convenience of automatic payments.

Direct deposit not only eliminates the need for you to print checks and distribute them, but it’s convenient for your employees because they don’t have to worry about cashing paper checks. Their pay is automatically deposited into their checking or savings accounts without them doing anything. There’s no need to print checks, which saves more ink and paper and saves you and your employees time. For added convenience, Priority Pay Payroll can supply your payroll information and reports on CD-ROM.

If you’re dealing with all the paper and waste generated by your current payroll system, then think of the resources your office will save by outsourcing. And because we Priority Pay Payroll can email information to you and direct deposit payments, the environment also sees a savings because all that paperwork isn’t just sent somewhere else.

It can be very difficult for a small or medium-sized business to switch to a paperless payroll system on its own. Change is difficult, and it may take some time for you to get the necessary methods down, particularly if you switch to direct deposit at the same time. Though employees will love the automatic deposits, people who aren’t experienced with paperless payroll can make mistakes that make it seem a bad decision at first. But if you outsource your payroll needs to Priority Pay Payroll, the transition both to outsourcing and going to paper-free will be handled for you, making it quick and easy.

Why Payroll May Hold Your Business Back

Saturday, June 27th, 2009

Priority Pay Payroll knows that running a small business today brings special challenges and frustrations. The market is more wide open with things like the Internet and the new global economy. A company doesn’t just compete with other local companies, but now may have to compete with companies from all over the world.

Today’s business owner has to make sure the business continually grows through marketing, sales and service. A business that isn’t growing today is in trouble, because there are dozens or hundreds of similar businesses ready to take its place. Things that people could spend hours on years ago, generally because these things took hours, can be spared no more than a few minutes today.

Payroll, for instance, used to be even more tedious because everything was done by hand. Today, with software and payroll processing companies like Priority Pay Payroll, it barely has to be a distraction in a business owner’s day. If a company does its own payroll, someone has to spend the hours required to use that software, handle taxes, and distribute checks and other tasks. Which is one reason outsourcing is a good option, so that everyone involved has time to build the business rather than worry about something that other professional are prepared to do for you.

Payroll is only one thing that might be holding your business back and keeping you from reaching that next growth milestone. Because anything that doesn’t grow your business is probably something that you’re better off outsourcing to companies like Priority Pay Payroll.

One of the reasons payroll can be a hurdle to building your business is that over a quarter of business owners do it themselves. This is a natural choice, when you don’t want one or more employees knowing the income of everyone in the company. And you know the importance of payroll and taxes and getting them done correctly to avoid problems and even penalties.

But you need to spend your time building your business. No matter how well the payroll is done, that doesn’t contribute to the company’s income or help it grow. It’s simply a necessary, tedious and repetitive task that keeps the business machine oiled. But you’re spending time doing that, when you should be filling the tank with gas instead and letting a company like Priority Pay Payroll handle other things.

A business owner’s tendency to take on these major tasks is often a problem when building a small business. Delegation is a necessary skill to learn, and outsourcing is a major step in delegation that can save you money and help your company make more money by letting you do what you do best—build your business.

If you have delegated the task, think about the skills of the employee that does payroll. Couldn’t those hours be better spent rainmaking or handling current clients to keep them happy? Priority Pay Payroll can handle your payroll, make sure it’s done correctly, and let you regain the precious time that your business loses when you do it yourself.

Successful Outsourcing

Friday, June 26th, 2009

Outsourcing used to be considered something only large firms could afford, but with affordable companies like Priority Pay Payroll, today’s outsourcing is done by businesses of all sizes. In fact, it’s often much more cost-efficient for small and medium-sized business to outsource tasks like payroll, IT support, customer service, administrative functions, marketing and more to companies better equipped to handle those important business operations.

Outsourcing, whether it’s outsourcing to a company like Priority Pay Payroll or hiring an independent contractor to do SEO marketing work, can benefit a company in many ways. It allows owners or employees who had previously been doing those jobs to spend that time on other things. An owner who has been handling all the payroll tasks is now able to spend more time building the business instead of worrying about withholdings, 401(k) plans and how to report new hires to the appropriate state agency.

Employees who had been doing payroll can now use their skills and talents to bring in new business or keep current clients happy, which contributes to the company income. While payroll is an important task that has to be done reliably and accurately, it does nothing for the business bottom line. It’s not an income-generating business operation, so it’s best to let a company like Priority Pay Payroll handle it while you put your people to work building business and making the company grow.

You save more time by not having to train employees on how to do payroll, keep them up with changes in tax laws and state and federal regulations, and help solve problems that crop up relating to payroll. Common problems like check-cashing problems, stolen or lost checks, mistakes on paychecks, tracking tax withholdings, and those time-eating annual reports and tax filings no longer require your time.

With Priority Pay Payroll worrying about those things for you, you’re not distracted from your business-building activities with payroll problems. This holds true of any outsourcing, provided you choose the right company for the task. It’s important that you compare companies and really look into a company’s qualifications before outsourcing to make sure you won’t end up causing yourself more problems in the long run.

You want to make sure that the company is reliable, accurate and keeps its promises, before you sign that contract entrusting them with this important business operation. They should be willing to answer any questions and concerns you have, and should even offers answers before you’ve asked the questions. A company like Priority Pay Payroll, which has over 30 years experience in professional payroll processing, is aware of the types of questions you’re most likely ask and can anticipate that by providing detailed information to you up front.

No matter what business tasks you’re outsourcing, you need to make sure the company has experience handling that task for a business your size. If all they handle is large corporations, you may end up paying for services you don’t need and even get overlooked on their client roster. Priority Pay Payroll specializes in small and medium-sized business to provide just the right level of service for your company.

Cost Efficient Payroll Processing

Thursday, June 25th, 2009

In today’s economy, making every dollar count is the challenge to every small business owner. For many small companies, payroll can be a time consuming activity that is extremely frustrating for business owners and bookkeepers alike. Using the services of an electronic payroll processing company like Priority Pay Payroll is one way in which small companies can streamline their accounting processes and divert employee resources into more cost efficient activities.

Payroll Processing

With so many changes in recent years to income tax laws and tax deductions, it is not surprising that bookkeepers and small business owners find completing payroll frustrating. What, years ago, used to take just a few hours, can now take an entire day. And with each change to the tax deduction rates, a new set of instructions and tax rates comes along too. Payroll processing with Priority Pay Payroll not only makes the process easy and simple, but reduces it down into a matter of an hour of processing time.

Once time sheets are submitted to Priority Pay Payroll, within a matter of an hour, the customer receives a report that contains a summary of the entire payroll activity for the pay cycle. The email report is in easy to read Adobe format. The email also contains copies of all employee pay stubs.

Customers have the option of printing employee checks from their own office using check paper stock supplied by Priority Pay Payroll or having Priority Pay Payroll print the checks, sign them with laser signatures and forward them to the customer to be distributed to employees. Priority Pay Payroll also offers envelope stuffing services, where paychecks are placed in sealed envelopes for additional privacy and security.

Tax Deposits and Returns

With each payroll cycle, Priority Pay Payroll accurately calculates payroll tax deductions for each employee and deducts those deductions from employee pay. In addition to making payroll tax deductions, Priority Pay Payroll also calculates corresponding employer payroll taxes. Both of these amounts (employee taxes and employer taxes) are then deposited into customer IRS and state tax accounts.

In addition to making payroll tax deposits, Priority Pay Payroll also takes payroll tax deposit information and uses it to complete and file the appropriate quarterly and annual tax returns for their customers. By utilizing this service from Priority Pay Payroll, customers are assured that their payroll taxes are paid on time and returns are filed accurately and according to regulations.

Workers Compensation

The issue of workers compensation premium costs is an important one for small businesses across the United States. Most workers compensation insurance plans require their customers to pay large upfront annual premiums based on estimated payroll for the entire year. Priority Pay Payroll offers EasyChoice workers compensation insurance, which allows employers to pay premiums with every pay cycle and those premiums are based on actual payroll amounts, not annual estimates. EasyChoice premiums are deducted directly from customer accounts, so there is no need to write an additional check for workers comp insurance. The use of EasyChoice for workers compensation insurance allows small business customers to have more control over their cash flow and avoid unexpected increases in premium due to business growth as they have added employees to their payroll during periods of business growth.

How Priority Pay Payroll Can Benefit Your Business

Wednesday, June 24th, 2009

Priority Pay Payroll is a company with over 3 decades of experience in professional payroll processing. You might wonder why a small business or a growing medium-sized business would spend the “extra” money to pay an outside company to handle something like payroll. It might seem like an unnecessary extra expense, and one that you’d be best to avoid so that money could be spent elsewhere within the company.

But a company like Priority Pay Payroll handles time-consuming and repetitive tasks like payroll processing for a company, and actually helps the company make more money rather than just becoming another expense. If this doesn’t seem a realistic claim, then consider how outsourcing payroll will let you reclaim the time you use for the task to do other things. If employees handle payroll, then it will free up that time for them, too.

How does this help your company make more money? If you do the payroll, the hours you spend doing this repetitive tasks can now be spent building your business. Think about how an executive spends his time in a large firm. He wants to send a letter to a client offering them a new service. He then dictates the letter to a secretary who types it, makes sure it’s correct, handles putting in an envelope, addressing the envelope and mailing it.

Why not save money on a secretary and do those tasks himself? Because it would be a waste of his time, when he could be coming up with more money-generating ideas and systems, bringing in new business, and retaining current clients. Priority Pay Payroll can take the time-wasting payroll system off your plate and let you spend that time helping your business grow instead.

If you have employees that handle payroll who are not paid to do only payroll, chances are their strengths lie elsewhere. By outsourcing your payroll to Priority Pay Payroll, you let those employees reclaim those wasted hours and spend them on tasks that directly contribute to the income of your business instead. That alone justifies the “expense” of outsourcing, and can be worth far more than you pay in fees to have your payroll done elsewhere.

In fact, with Priority Pay Payroll’s competitive pricing that makes it even more affordable, you could add income to your business several times what you pay in fees by letting employees and yourself spend that time much more productively on core business activities.

If you already outsource your payroll, then you’ve already recognized the benefits of letting professionals handle these tasks. But you can still benefit from the switch to Priority Pay Payroll. You can save up to 40% on your annual payroll processing fees. And in fact, if you don’t save at least 25%, you can get free payroll processing for an entire year.

Given our commitment to small and medium-sized business, and the 90-Day Money-Back guarantee that lets you try before you commit, you’ve got nothing to lose by switching to Priority Pay Payroll for your payroll outsourcing needs.

How to Know When to Outsource

Tuesday, June 23rd, 2009

A small or medium-sized business can outsource a number of tasks like IT, Internet marketing, administrative tasks, or payroll processing to a firm that specializes in that field, like Priority Pay Payroll. But how do you know when to outsource something, and when it’s best to keep it in-house? There are some guidelines you can follow when determining when and what to outsource so that you can get the most cost-effective help without compromising your business.

First, decide what sets your business apart, and which tasks are considered the core of your business. If your business makes a selling point of personalized customer service, then outsourcing your customer service would be a terrible idea. That’s a core part of your business and one you want to keep. If your IT tasks are simply tasks that must be done so someone does them and they have no real bearing on the core of your business, then that’s something that can be outsourced.

And payroll, since it’s a necessary and repetitive task that doesn’t contribute to the core can be outsourced to a company like Priority Pay Payroll and help you regain the time spent on payroll and put that back toward your core, business-buildings tasks.

Is the task you’re thinking of outsourcing something that’s usually handled by a team? Does it take a creative approach and input from several employees? Those types of things, even if they don’t seem directly related to your business core, probably aren’t good prospects for outsourcing. But anything repetitive or regularly-occurring that doesn’t relate to your core and doesn’t take much creativity can be successfully outsourced.

When you decide that something can be outsourced, how do you know if it’s really right for you? You can evaluate the hours of paid time that are spent on that task, and figure those same hours of paid time as applied to a money-generating, business-building task to see what you would gain. Remember, often the gains are greater than you anticipate when you outsource things like payroll to companies like Priority Pay Payroll.

First of all, employees are freed from monotonous tasks like payroll. And while the obvious benefit is that now those hours can be spent on core activities, a side effect is that the employees can start tackling problems and challenges more creatively because they’re out from underneath a task that didn’t play to their strengths and talents. This can build morale and provide benefits you hadn’t expected.

Before outsourcing, examine a company’s services and fees carefully. There can be hidden charges. For instance, a payroll processing company might offer a great rate only for you to discover that necessary tax filings, annual reporting and other requirements all cost extra. And make sure the company has the necessary experience to get the job done correctly, or it’s no bargain at all.

Priority Pay Payroll has over 30 years of experience, and conveniently bundled services so you get what you need at one low price.

Outsourcing your Payroll Processing

Monday, June 22nd, 2009

There are very few business owners out there that will admit that payroll processing is one of their favorite tasks, because it is time consuming. From a strictly financial perspective, it may be a good idea to figure out whether or not it makes sense for your company to outsource your payroll operations. Here are some very good reasons for why it may be viable to choose a payroll processing company such as Priority Pay Payroll to see to it that your payroll processing operations are completed properly.

1 – Productivity – The management of your company’s payroll is an activity that is time consuming in nature. Working with a company like Priority Pay Payroll can remove this burden, allowing your employees to focus on doing things that are significantly more productive. Outsourcing your payroll may even make it possible for you to trim down the size of your staff to save money.

2 – Cost – Big corporations may be capable of affording to maintain a large human resources department responsible for handling the processing of payroll, but can you? If you are a medium sized or small sized business, you might be burning money by keeping an in house payroll service. If you have fewer than 20 employees within your company, then it might be financially wise for you to outsource your payroll processing operations to someone like Priority Pay Payroll. It would be a good idea for you to sit down and do the math to figure out whether or not this would be financially beneficial for you. This way you can calculate whether you will save more money doing the payroll yourself or with the help of a company like Priority Pay Payroll. You may end up being quite surprised by the results once you really pay attention to the math.

3 – Accuracy – Payroll mistakes are not always common, but when they happen they can be devastating and painful. They can make your employees angry, or they can get you in trouble with the government if you are not careful. A good provider of payroll services is far less likely to make a glaring error in payroll processing. Accuracy is vitally important when it comes to payroll processing. And if a mistake is made by Priority Pay Payroll, then we will be the ones to fix the problem, rest assured.

4 – Reliability – In house activities for payroll tend to function just as reliability as the people who are doing the work. When you outsource your payroll processing to a company like Priority Pay Payroll, then the quality and output speed are not going to vary based on who is out sick or on vacation. You will not have to spend time training new hires to understand the payroll system for your business, either.

Paperless Payroll with Priority Pay Payroll

Sunday, June 21st, 2009

Priority Pay Payroll offers a truly paperless payroll approach for companies who are ready to make the switch. You can take the step to take make your business more environmentally friendly without have to learn new systems and procedures and disrupt other business procedures while dealing with this learning curve. Not only will this type of payroll help your business become more environmentally-conscious and generate goodwill within the community, but it helps the environment by saving countless trees.

Priority Pay Payroll understands that general payroll processing is one of the biggest wastes of paper within a company. So many reports that are generated and printed are used only once and then thrown away, which can amount to hundreds or thousands of trees over a small business’ lifetime (not to mention the paper waste in large corporations).

And even if your company recycles, those trees still have to be cut down produce the paper. Recycling is a responsible thing to do today, but the factories that recycle goods like paper still contribute to pollution, which is an almost inescapable side effect of any type of manufacturing. You should still recycle, but paperless payroll with Priority Pay Payroll saves trees and helps limit pollution by eliminating the need to recycle payroll documents.

Documents, checks and check stubs are emailed to you in .pdf format that you can read through your Adobe Acrobat reader. This approach doesn’t just save paper, it also helps the environment by saving on ink usage. Ink cartridges come with special envelopes for sealing so you can send them back to be recycled, because these inks pose a special environmental hazard. And that recycling process still causes some pollution. With Priority Pay Payroll paperless payroll, that’s eliminated, too.

You’ll receive check stock for printing checks in your office, and all the reports and stubs that are included are easily printed whenever you want. But you won’t have to print tons of reports you don’t need—you can pick and choose the reports and stubs to print which helps eliminate paper waste, too. You can also have these items delivered on CD-ROM.

The paper and ink savings you’ll see within your business just by outsourcing your payroll to Priority Pay Payroll will save your company money, but paperless payroll also helps your company become more environmentally-friendly. And you can offer more convenience to your employees as well as help the environment even more by choosing direct deposit for a truly paperless solution.

The direct deposit service deposits payroll checks directly into your employees’ checking and savings accounts, eliminating the need for paper checks at all. Stubs can still be printed, if you wish, as well as the reports. But you don’t have to worry about printing or disturbing paper checks, as each employee’s pay is deposited automatically each payroll.

You’ll eliminate the hassle of lost or stolen paper checks, and employees will no longer have to worry about cashing checks. Direct deposit makes your Priority Pay Payroll paperless payroll as environmentally-friendly as possible while offering you and your company convenient services.