Affluent Financial Services is a US Based CPA firm. Our core services include Financial Audits, CFO Services, Bookkeeping & Tax Services.
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Successfully Providing Public Accounting Services for 30 + Years
There are a lot of reasons why companies eventually opt to outsource their payroll processing function to a professional third-party service provider, but mainly it can provide reliable services at a fraction of the cost.
With the use of AFS payroll processing outsourced services, employers are noticing reduction in their overhead costs significantly. Handling payroll processing using internal resources may require meticulous checking and double-checking of time sheets, reconciliations, IRS payroll returns and other related forms. Outsourcing payroll processing lets management fully focus on their organization’s main goals and grow their business.
Maintaining even a part-time accountant to handle one’s payroll functions can be a financially consuming activity in itself. A third party provider can definitely help by providing the same service at a fraction of the cost.
Payroll functions are a time and resources-consuming activity in itself. Errors are always definite possibilities; no matter how meticulous one’s accountant is in processing, especially when the accountant is handling full set of accounts.
An outsourced payroll processing function will provide necessary updated information regarding government-related withholding taxes and other relevant proclamations. They bring with them the expertise that small organization may not have the time or resources to fully develop and maintain within their companies. This also ensures that no penalties are imposed on a company due to non-conformity to the new tax rules and procedures.
Salary is oftentimes a taboo subject; hence, it can be quite embarrassing for pay slips to fall into the wrong hands. Engaging a services provider like AFS will eliminate this by ensuring that no one in the organization, with the exception of the business owners, is aware of each other’s salaries and deductions.
It is also a known fact that employees come and go. The time and resources spent in hiring and training a replacement accountant can cause a lot of headaches to even the most diligent and patient business owners. Total payroll services for small business clients have been provided for many years. Services include: Set up and maintenance of all records, time card tabulations, withholding of tax and benefit contributions, Federal and State tax filings, issuance of checks and preparation of all W-2's and 1099 forms.