Millions of U.S. businesses outsource their payroll processing for the simple fact that it can be complex and time-consuming. These functions include anything from determining employee wages and withholding taxes, to updating vacation and sick pay, to deducting employee-contributed payments for benefits.  Using an outside service like Lofton Staffing Services for payroll processing often reduces the associated cost by half of that incurred by handling it entirely in-house. Hiring an outside service also eliminates the need to hire a full-time payroll manager, and frees up time to work on other aspects of your business. Other advantages include:

Convenience.  No matter how many employees a business has, processing payroll demands a lot of time and attention to detail. Pay period follows pay period, each time requiring the business owner or their payroll person to type in large amounts of data and double-check for any keying errors. That’s time taken away from critical tasks like building revenue and serving valued customers. Outsourcing payroll to a firm gives owners more time to focus on what matters most to them. In many cases, they only need to contact their payroll company representative once each pay period.

Functionality.  Many payroll companies, like Lofton Staffing Services, handle employee retirement plans and direct deposits. Like Lofton Staffing, a number of firms also provide management reports, calculate employee tax obligations, and prepare W2 forms for their clients.

Accuracy. Payroll firms know they must do an accurate job if they want to keep your business. You can also count on them to stay up-to-date with new tax laws related to employee payroll.

Compliance. The payroll function entails a complicated array of state and federal legal obligations. Hiring an outside company can save you money on legal fees, and put compliance in the hands of a business that understands these legal issues.

Outsourcing payroll to a stable, experienced provider like Lofton Staffing Services ensures you stay current with different state rules, regulations, and changes in tax rates. Lofton’s payroll department is dedicated to helping our clients stay aware of state regulatory updates, so they can make more informed decisions about their business.

About Lofton: Founded in 1979, Lofton Services offers clients the best of all worlds. We provide the responsive, personal service and flexibility of a small local firm while having the technology, resources, and infrastructure to deliver the benefits of the biggest players in our industry. Lofton Staffing can deliver the right people, with the right skills, right when you need them. Celebrating 40 years in staffing excellence! Contact us today.