- Cuts Costs: The direct costs of processing payroll can be reduced by outsourcing to a payroll provider. Outsourcing removes the various costs of employing someone to do the job including the hidden costs such as Employer PRSI, Annual Leave, etc
- Free up Time: If you decide to process your own payroll it can become very time consuming, especially if you aren’t 100% sure of what you are doing. Also, while you are doing payroll you aren’t working.Outsourcing makes more time for you to do what you are good at i.e. making money
- Avoid Revenue Penalties: With an outsourced payroll provider, you can be sure that all of Revenue’s requirements will be met and you will avoid unnecessary penalties and surcharges.
- Reduce Stress: Payroll can often be a headache and a daunting task to someone who isn’t sure what they are doing. Running a business is stressful enough so by outsourcing at least you will have one less thing to worry about.
- Software: Payroll software can be expensive and without you knowing can very quickly be out of date. Payroll providers will always use the best and most up to date software.
- Legislative Issues: Most business owners don't have time to keep up with constantly changing regulations. By outsourcing payroll, a small business can take advantage of the payroll provider's expertise.