Pros and Cons of Outsourcing Payroll

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Processing payroll has a lot of variables. Organizations need to understand federal, state, and local income tax requirements; how to process wage garnishments; how to set up payments for any benefits that come out of payroll, etc. There are also regulatory and compliance issues like the distribution of W-2s.

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Given these variables, a lot of employers opt to outsource payroll. Here are some of the potential advantages to outsourcing payroll to a third party:

It frees up administrative time; whoever was responsible for it internally can now be assigned to other tasks.It

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