Ideally, partnering with Dakotaland Financial Services for your payroll processing can achieve five goals for your business:
Free Up Time
Payroll processing by hand is a time-consuming process. Outsourcing payroll can free up time and resources for you and/or your staff to focus on your core business and pursue more important value-added and revenue-generating activities.
Reduce Costs and Penalties
The direct costs of processing payroll can be greatly reduced by working with a payroll provider like Dakotaland Financial Services. In doing so, direct labor costs and employee benefits associated with payroll staff can be eliminated or possibly redirected. In addition, the IRS penalties for late or incorrect fillings and payments can also be avoided and can easily justify outsourcing your payroll responsibilities.
Offer Direct Deposit
Providing direct deposit may be difficult if you don't use and outside payroll service. As an additional benefit to business owners, direct deposit eliminates time-consuming and error-prone paper handling and the need to reconcile individual payroll checks every month.
Maintain Current Technology
A constant question for small business owners is whether they have the latest version of their payroll software and the most recent tax tables installed on their computer. Using the wrong tax tables can result in stiff penalties. Outsourcing payroll to Dakotaland Financial Services removes those concerns and keeps payroll running smoothly.
Utilize Payroll Expertise
Most business owners and controllers don't have time to keep up with the constantly changing regulations withholding rates and government forms. By outsourcing payroll to Dakotaland Financial Services, you have access to the right technology and expertise needed to perform payroll processes well.