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Benefits of outsourcing HR for small businesses

Business Management Daily

Some of the most common functions to outsource for small businesses include: Payroll processing: Have an expert payroll service provider handle payroll processing , deduction and tax withholding calculations, and end-of-year payroll tax forms. Many HR outsourcing companies also provide HR software.

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What the Single Touch Payroll legislation means for your business

Ascender

Moving forward, employers are required to share payroll information with the ATO at the same time they pay employees. This information includes salaries and wages, deductions, pay as you go (PAYG) withholding and super information. Does your software report to the ATO? Are you compliant? Are you STP ready?

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3 ways outdated payroll processes hurt your business

Insperity

But there’s a lot of behind-the-scenes work involved to make the payroll process seamless from start to finish. You need to calculate the payroll every pay period, and figure out federal, state and local taxes and pay them on time. Using payroll software. That’s not to say technology is flawless, however.

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