Companies that outsource payroll can reduce compliance time and costs, reduce risks, improve employee data security, and can focus on their core business.
Restaurant owners need to carefully look at the third-party services and pick the one that best suits their restaurant and can deliver the most significant volume of daily orders. And they should consider innovative and collaborative accounting providers, such as IQ BackOffice, to partner with them.
Ken Johnson, IQ BackOffice, discusses mistakes he sees accounting departments make when outsourcing accounting functions to execute their strategic plan.
Managed payroll is outsourcing the responsibility of managing in-house payroll to a third-party managed services provider like IQ BackOffice.
Running payroll for your own business is something that can only be done successfully with a sufficient understanding of current payroll and taxation laws.