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Payroll Management Choices North Carolina

The task of managing your company's payroll can be delegated to a staff member, managed by your accountant, or outsourced to a payroll service provider-a company that contracts with your business to handle payroll details, including check generation, tax filings, and compliance with government regulations.

Local Companies

Employee Administrative Services, Inc
828-299-3038
PO Box 2088
Asheville, NC
Quality Bookkeeping Services, Inc.
910-452-0480
4004 Oleander Drive
Wilmington, NC
Richard A Beauchemin, CPA/Carolina Accounting & Tax Service, PLLC
704-375-2715
5309 Monroe Road
Charlotte, NC
Select Services, Inc.
(704) 647-0044
220 West Ritchie Road
Salisbury, NC
Sfi
(336) 765-4080
1100 S Stratford Rd
Winston Salem, NC
Management Assistance Programs & Services
(828) 252-2651
Asheville, NC
Oasis Management Systems
(919) 465-9599
100 Dominion Dr
Morrisville, NC
Wilson Consultant Group Inc
(919) 833-8948
206 New Bern Pl
Raleigh, NC
Radtke R Associates Inc
(919) 877-8180
3000 Highwoods Blvd
Raleigh, NC
Little One's Child Development Center
(704) 985-1114
800 N 2nd St
Albemarle, NC



The task of managing your company's payroll can be delegated to a staff member, managed by your accountant, or outsourced to a payroll service provider-a company that contracts with your business to handle payroll details, including check generation, tax filings, and compliance with government regulations.

The following breakdown of each method's advantages and disadvantages can be used to help you decide which is right for your company.

Internal management by staff member(s)

Advantage:
  • Highest level of control over payroll issues
Disadvantages:
  • Requires staff expertise in multiple areas
  • Greater opportunity for error
  • Company is directly liable for IRS filing errors
  • Actual cost is often higher than expected due to additional man-hours invested in payroll-tax preparation and filing
  • Companies often reap greater value from staff member's time being devoted to core business issues


Accountant

Advantages:
  • Management by financial expert
  • Offers more control than payroll service provider, less than internal staff member
Disadvantages:
  • May be unable to manage payroll add-ons such as 401(k) plans and direct deposit
  • Often more costly than internal management or payroll services
  • May take more time to prepare payroll documents than payroll service providers


Payroll Service Provider

Advantages:
  • Payroll expertise: these companies are familiar with all necessary tax and regulatory issues
  • May be able to provide additional services such as 401(k) and direct deposit
  • Controls your payroll processing costs by setting a standard fee
  • May take financial responsibility for fees and penalties resulting from payroll filing errors
Disadvantages:
  • Restricted opportunities to make adjustments to payroll amounts
  • One step removed from tax filing documentation


The decision to outsource or not may also come down to cost. To find out which payroll management option is most affordable, estimate the number of hours you or your employees spend calculating and preparing checks, computing and filing tax forms, and preparing additional payroll documents such as W-2s or direct deposit information.

Add to this figure the time spent correcting IRS filing errors, then multiply your total by an hourly wage that represents the value of your and your employees' time. Compare this figure to the cost of having your accountant manage payroll (based on his/her hours and fees) and to a payroll provider's fees.


Featured Local Company

Employee Administrative Services, Inc

Serving the Carolinas Since 1990

828-299-3038
PO Box 2088
Asheville, NC
www.easi-peo.com

Most of our customers think of EASI as their offsite Human Resource or Personnel Department. That perception is fairly accurate. EASI can be as visible or invisible as a business owner desires. Our staff is responsive, knowledgeable, experienced, and trustworthy. We pride ourselves on long-term relationships.
Read more about Payroll Management Choices

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- Free Internet Payroll Forms North Carolina
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- Paying Employee Salaries North Carolina
- Primer: Employment Taxes North Carolina
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