Should I do payroll in-house or should I outsource payroll services?

Asked 2 years ago

I am setting up payroll for my small business, and I can’t do the payroll myself because I have other business responsibilities that need my attention the majority of the time. I am also on a tight budget since this is my first time administering payroll, so I’m unsure if I should do payroll myself or if outsourcing a payroll service would be a great idea. I heard payroll service providers tend to be quite expensive.

Payroll outsourcing Payroll functions Small business Administering payroll

Aydin Stephenson

Friday, August 19, 2022

Doing payroll yourself with the help of payroll software will be the most cost-efficient option. Usually, packages start at around $15 per month, plus $4-$10 per employee or contractor.  With full-service outsourced payroll, you will likely pay double the base price, plus additional fees per employee or contractor. If you have a few hours per month, I highly recommend self-service payroll.