How to Find the Right Payroll Provider

by Thom Tracy

0 min read

If payroll is taking up too much time or if you simply don’t want to deal with this complicated task, it may be time to outsource the job to a payroll provider. Whether you choose to use an app or a payroll professional, there are several elements to keep in mind when making your selection:

  • Make sure the service can handle your needs, especially in terms of deducting taxable benefits, calculating matching retirement contributions, or handling other benefit programs
  • Look at cost, which may be a set monthly fee or based on the number of employees
  • Compare employee payment options such as cheques or direct deposit
  • Consider compatability with your accounting software — ideally, you want to be able to sync payroll information with your accounting software easily
  • Ask about reporting capabilities so you can see where you how you are spending your money

References & Resources

Related Articles

Financial Literacy: What You Should Do To Prepare for Retirement

Retirement planning is one of the most important topics for small business…

Read more

Get Paid On Time The Complete Guide to Invoices

For freelancers and self-employed people, invoicing is an essential part of your…

Read more

Retirement Planning for Independent Consultants

As an independent consultant, you have the freedom to work with various…

Read more