Find Top Payroll Companies Near You

Payroll Companies 

Managing payroll services will add extra hours and require more resources from your small business. Fortunately, you can outsource this non-core business function to payroll companies that can handle all payments and comply with the latest regulations and payroll laws. Payroll outsourcing is becoming more common with more online businesses and startups mushrooming nowadays.

What is a payroll company?

Small businesses outsource payroll services to payroll companies to manage their employees' payroll. This covers payroll disbursements, time and leave management, year-end processes like PAYG slips, and managing superannuation, payroll tax, benefits, termination and redundancy payments. Payroll companies help you comply with the ATO, Fair Work and other organisations.

What is the difference between payroll companies and HR companies?

The difference between payroll companies and HR companies is in their services. HR companies offer the full range of HR services such as recruitment, policies, payroll and training. Meanwhile, payroll companies offer a subset of services, handling only payroll related jobs.

Which is better, outsourcing to payroll companies or hiring payroll experts in-house?

It's better to outsource payroll services if you have many employees spread in different states or countries because each location can have different laws. It also depends on the complexities of your payroll policies and systems.

Who are payroll services for?

Payroll services are for businesses, corporate or small, that want to outsource a non-core function so that they can focus on their core business. Most payroll companies require a minimum number of employees from their client, so it is not recommended for micro businesses with few employees.

How to hire the best payroll companies for your business?

• Hire Australian payroll companies: Each state has its own rules on payroll and it's best to hire a local payroll company in *city*.
• Look at their response time: Payroll cycles can be time sensitive. Ask about their response time and if they provide any guarantees for turnaround.
• They should be compliant: Payroll companies should be up to date with the latest regulations, laws, tax from ATO, Fair Work, etc.
• They can handle your business: Find out if they can service your type of business in your industry. Look at their past clients and niches.
• Consider their reputation: Hire those with good reviews and decent reputation with little scandal or negative reviews.
• Understand their security and technology: Look at the software, tools and process they use. Employee data is super sensitive and should be handled with the tightest security and care.
• You must like working with them: Only talk to and hire people who are transparent, responsive and accountable.
• Complementary services: It's a bonus if they offer add-on services for a smaller fee.
• Compare based on value: Shortlist a few payroll companies, look at the services they offer, the details and the final cost. Finally, pick one that gives the best value.