Small business owners struggle with outsourcing. We worry that letting go of certain responsibilities means losing control. But, the opposite is often true. Delegating tasks that require expert knowledge or big chunks of time can be a relief and good for our businesses.
“I outsource everything. I outsource my HR. I don’t worry about filling out the forms because I have it done. I outsource my payroll… I want to know that it’s done right. I want to know the taxes are paid. I want to know we are in compliance. For me, that’s very scary.” ~ Host Mary McCarthy
In this podcast, Host Mary McCarthy talks to Bill Evans, owner of Apex Payroll, a full-service payroll provider helping small to mid-size companies. They discuss the reasons why entrepreneurs should consider outsourcing their payroll. Not only does it save a lot of time for the business owner or HR staff, it also minimizes risk that something will be filed incorrectly (or not filed at all!), and keeps a small business in compliance.
In this podcast, you will learn how outsourcing payroll can:
- Save time
- Minimize Risk
- Keep your business in compliance
Mary and Bill also talk about how to know when to outsource your payroll and what to expect.
“You can choose to just chew through your time and likely not get it right, or hire somebody even if funds are tight, to get it done right, so you can focus where money isn’t tight. What we are always in business for is generating revenue and that’s usually what the owner is best at… and driving the profit in the business. And if they can allocate more time to that, they are certainly better served.” ~ Bill Evans
Here are some things you will discover in this podcast:
How Outsourcing your Payroll saves you time:
You have to think about how much your time is worth. Is the task you are doing worth the hours it will take you to do it?
“I think it’s empowering to admit, do what we do well, pass on what we don’t. So I think we should empower ourselves to say this isn’t something we have to do ourselves, even if we don’t have a lot of dollars.” ~ Mary McCarthy
Small business owners learn they can delegate aspects of their business to other people, and they gain so much time!
How Outsourcing Payroll keeps a business in compliance:
A payroll company knows the correct way to:
- fill out new hire reports
- make your deposits timely
- file taxes in the right cities based on where your employees work
- How to deal with W2, 1099 forms
- How to calculate the pre-tax and post-tax benefits you offer employees correctly
- Track time off correctly
And you will learn the benefits of outsourcing for a solopreneur, small business with just a few employees, and a growing business with many more employees.
Thank you to The Successful Micropreneur podcast sponsor Liberty National Bank Expect the Best®
Liberty National Bank has six locations to help you: Ada, Bellefontaine, Bellefontaine South, Kenton, Marysville, Westerville
About our guest Bill Evans
- Owner, Apex Payroll
- 614 – 310 – 4048
About our Host Mary McCarthy
- Host, The Successful Micropreneur Podcast
- CEO, YMT Consultants
- Co-Founder of the Women’s Small Business Accelerator, Inc.
Mary McCarthy is the President of YMT Consultants, an entrepreneurial consulting and training firm in the Columbus, Ohio area. It focuses on one-on-one work with microbusiness owners (businesses with 20 or fewer employees, including the solopreneur), assisting them to monetize and create systems for their small businesses.