Winning at the game
Outsourcing payroll is a hugely beneficial option for any company. The reasons for this are plain and simple. Two of the biggest reasons are that outsourcing payroll saves your company both time and money. Outsourcing payroll saves your company time in that you are no longer in charge of your own payroll. You do not waste man-hours on payroll.
A third party company when outsourcing payroll takes care of everything from paperwork to tax. You also save money. You do so in several ways. You save money on employing several members of internal staff to handle your payroll. You save money on the software needed to manage your company's payroll.
You save money on late tax submissions. You also save on penalties for late payments because your payroll is not run well enough internally. You save money on the space needed to rent to house a payroll department as well as the furniture, equipment and stationary needed. In short, outsourcing payroll saves you more time and money than first meets the eye.