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Mobile Automatic Data Processing: Streamlining Payroll Management More and more businesses today are employing mobile automatic data processing solutions that allow everyone in the company to stay connected to vital human resource information anytime, anywhere. Of course, among the most critical functions of this application is streamlining payroll management functions. For a small business, payroll processing can be a very tedious and time-consuming job. There are several payroll functions, from determining workers’ wages and withholding taxes to deducting worker-contributed payments for benefits and more. If you’re an owner or manager of a business, using a mobile automatic data processing solution is the best way to improve your payroll management functions. Below are the benefits you can expect specifically:
Technology – My Most Valuable Advice
1. Save Time
Technology – My Most Valuable Advice
Manual payroll processing takes up a whole lot of time. With a mobile ADP solution, you can free up staff time to engage in more important profit-raising activities. 2. Decrease Costs The direct costs of payroll processing payroll can be significantly lowered if you use a mobile ADP solution. Studies indicate a small business that employs ten workers will often spend around $2,600 a year in direct labor costs connected to payroll. 3. Avoid Tax Penalties Records from the IRS show 40 percent of small businesses are penalized up to $845 per year due to late or erroneous filings and payments. Most mobile ADP solution providers provide a tax guarantee, meaning you will not pay penalties as the provider will take responsibility for them, if any. In many cases, this cost-saving automatically justifies the use of the solution. 4. Ease Stress It’s undeniable: processing payroll manually is a headache at best. Business owners using a mobile ADP solution get rid of an exhausting job. 5. Provide Direct Deposit Direct deposit is hard to offer if a company hasn’t adopted a mobile ADP solution. More than ever, small businesses now recognize that direct deposit is preferred by employees. Not having to go to the bank is a much appreciated convenience. More importantly for business managers or owners, direct deposit junks laborious, time-consuming and error-prone paper handling practices, not to mention the need to reconcile payroll checks individually every single month. 6. Benefit from Payroll Expertise Majority of business managers and owners don’t have enough time to study ever dynamic government regulations and forms. Using a mobile ADP solution, a small business will be able to take full advantage of expertise which was available only to large companies in the past. 7. Secure Payroll Knowledge As soon as your bookkeeper gets a new job, they will exit your company with knowledge of how you do your payroll processes. With a mobile ADP solution, you simply get rid of such risk.