Making mistakes with your employees’ time cards can cause serious problems and may even lead to a visit from the IRS. Though you can handle paychecks yourself, it’s better to get help from a payroll service. Not only can that service keep track of payments, but it can generate paychecks based on the total amount of hours that a person worked. You’ll find other benefits of using one of these services too. At Top 5 Payroll Services, we did the research necessary to rank the five best providers.
A common reason to use payroll services as a business owner is that it helps you save time. You no longer need a dedicated department to handle the payments that you send out. As long as you enter the right information, the service provider can issue checks and send payments to everyone who works for you. One of the main reasons to use these services is for the tax compliance that you get. The business you work with has a deep understanding of tax laws and can ensure that you remain compliant with the taxes you take out. You’ll also receive help on the local level.