Managing payroll can be challenging for SME companies. In-house payroll can be time-consuming, problematic, and a constant source of stress and concern. Every time someone is hired, there are multiple forms to fill, taxes to liquidate, regulations to comply with, and checks to approve. And if a mistake is made, the company could wind up having to deal with severe fines and fees.
Payroll outsourcing may seem like something reserved only for the major enterprises. Still, the fact is that SMEs can often be the type of companies that can benefit the most from outsourcing their payroll.