Outsourcing Your Company’s Payroll

By: Sandra Hughes, Billing & Payroll Manager

Aug 25, 2020


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. Utilizing Lofton Staffing Services as 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 your business has, processing payroll demands a lot of time and attention to detail. Employee payroll follows a certain pay period, each employees’ worked time requires 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, like Lofton Staffing Services, 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.  In addition to the normal function of cutting payroll checks, Lofton Staffing Services handles employee retirement plans (401K) and direct deposits. Lofton Staffing Services also provides management reports, calculated employee tax obligations, and prepared year-end W2 forms for our clients.

 

ACCURACY. As Billing & Payroll Manager for Lofton, I can attest to how important keeping accurate payroll has to be. We stay up-to-date with new tax laws across the U.S. so our clients can breathe easier knowing Lofton is on top of it.

 

COMPLIANCE. The payroll function entails a complicated array of state and federal legal regulations. Hiring an outside company, like Lofton Staffing Services, can save you money on legal fees, and put compliance in our hands, a reliable company who understands these legal issues.  

Outsourcing your company’s 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. Contact us today


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