1300 Greenbrook Blvd Hanover Park, IL 60133

630.855.5100 strideadvisors.com

info@strideadvisors.com

Payroll and Bookeeping

Three reasons you need to outsource payrollWhile some businesses choose to process payroll internally, an increasing number of small busi-nesses have come to prefer the expertise of professional payroll providers.

Time savedRegardless of the number of people employed by your business, attending to payroll demands a great deal of time and attention to detail. Pay period follows pay period, each time requiring the business owner take time taken away from their core business activity. Outsourcing this function immediately frees up precious time.

Think of the time required for each of the following:• Calculating payroll each time period• Printing, signing, and distributing

paychecks or pay stubs• Generating reports for in-

house and accountant use• Preparing and remitting payroll taxes

and returns to government agencies

Risks avoidedPayroll processing is a complex and potentially risky business operation. Even with trusted employees, there is always a risk of identity theft, embezzlement of funds, or tampering with company records for personal gain. There’s also an ever-present risk when using in-house payroll software: How safe and secure is payroll data on the company’s server or network? This nagging question can consume a business owner’s energy and attention as well.

By contrast, online payroll solutions offer a “safe haven” for your confidential payroll data. In addition to redundant backup and multiple server locations, a quality payroll provider invests in state-of-the-art systems for storing and protecting data, simply because it’s part of the service provided to clients.

Compliance achievedSmall business owners aren’t experts in the complicated world of government tax regulations. At the same time, they are legally responsible for any cases of misrepresentation or a failure to accurately report employment taxes to federal and state government agencies.

Government rules and regulations are always changing, and small business owners can’t be expected to stay on top of these changes. Professional payroll providers, on the other hand, stay current with rules, regulations and changes in tax rates. A professional payroll provider employs individuals who know payroll processing inside and out. These individuals specialize in the complexities of payroll taxes, as well as compliance with government regulations.

Savings in time and money, greater data security and the comfort of knowing experts are handling your payroll functions—these are compelling

reasons to explore the benefits of outsourcing today.

Payroll provider enable leading payroll practices

• Direct deposit• Remote / mobile

time entry• Employee

self-service