How Much Should a Payroll Service Cost?

The Cost Depends on the Level of Service

The cost of a payroll service will depend on several factors, such as the number of employees, if there is direct deposit and if the business has the payroll service make payroll tax deposits and file payroll tax returns. Each service carried a certain cost, but, generally, payroll services are efficient and cost effective, averaging around $3 per check.

One Mistake Can Make Payroll Cost High

Responsibility for payroll and all payroll issues remains with the business. The payroll service should be closely monitored to ensure compliance with all payroll requirements. Non-compliance can result in large fines and penalties from the Internal Revenue Service.

Bottom Line

Payroll services are usually a good deal, saving the business both time and money. However, management should not become complacent and assume that all is well. Closely monitor the payroll service to avoid problems that will cost more money in the long run.

References

• Cost Helper: Payroll Service Cost:
• AllBusiness: The Benefits of Using a Payroll Service