One of the most important aspects of running a business is managing payroll—from the minute your first employee starts working, you need a payroll system.

But small businesses often lack the adequate resources, time, and money to handle payroll in-house. You need to spend all your time doing what you do best and keep customers happy. You don’t have time to spend hours on payroll, and most small businesses can’t afford a payroll specialist on staff.

On top of that, payroll is inherently difficult and tedious. It’s not just about ensuring everyone gets the salary they’re expecting on time. There are also various government taxes—federal, state and local—to pay as well. Documents must be filed on time and all your regulatory boxes need ticking.

What can a payroll service do that I can’t do myself?

You can do everything that a payroll service does but there’s a reason they do it as a profession. Changes in payroll are happening ALL the time like never before in the history of payroll. You, as a business owner, have to devote the time to keep up on the changes in addition to processing payroll, paying the payroll taxes timely, filing all of the payroll tax reports timely and processing it at year end.

All of these scenarios make the case for businesses to outsource payroll and Faraz Company offers a variety of services in this regard include calculating payroll and tax obligations for each employee, printing and delivering checks, and providing management reports. Paychecks can be issued on a weekly, bi-weekly, monthly, semi-monthly or yearly payroll basis.