How Much Do Payroll Services in Arizona Cost Small Businesses?
Running a successful business requires you to be detail-oriented and it often requires you have a team of people helping you deliver your product or service.
If you have employees on your team, payroll isn’t a detail you should overlook.
Payroll is a $60.4 billion industry that serves so many companies in our market and economy.
This means that there are many different payroll professionals out there that you can turn to for assistance.
So, how much do payroll services in Arizona cost? How can payroll service professionals help?
The tips below will help you when you’re looking for payroll services in Arizona.
The Cost of Payroll Services
Start by considering how much you will likely pay for payroll help.
Companies can expect to pay anywhere from $25 per month to upward of $200 per month for payroll service.
If you’re looking for this professional service in Arizona, you might expect to pay more when your company operates in busier cities like Phoenix and Tucson.
Your price will also depend on several other factors, such as:
The Number of Employees You Have
The price that you’ll need to allocate for payroll services depends on how many employees you have. A bigger employee base means more people that need to have their payroll managed and handled.
Consider the size of your small business and consider how many full-time, part-time, and contract professionals that you work with.
Companies that provide payroll services often have different pricing tiers that go up based on the number of employees you employ, so make sure to ask.
The Level of Service You Need
You need to also consider the type of service you’re looking for when you hire a payroll company.
In addition to managing your payroll, these professionals can also provide tax help, controller services, and small business services.
The company that handles your payroll will also address many details that can cause the price to go up, especially when the work is laborious or cumbersome.
The Discretion of the Company
You will also pay more for your payroll service depending on the company that you hire to do it for you.
They have the discretion to name their range of prices, which could go up or down depending on the state of the economy, their experience level, or their current workload and availability.
When you are thinking about hiring a professional to address your payroll, make sure that you ask them upfront how much the work costs and get the fees in writing.
This way, you can compare rates between a few different payroll pros and figure out what makes the most sense for your company’s needs.
Whether You Send Paychecks
Consider whether or not you issue physical checks to your employees.
If so, the payroll company might charge fees for printing, mailing, and delivering the checks. They may offer this as an option, or you could decide to go completely digital.
Figure out what works best for your company so that you can choose the service that your employees prefer.
States of Employment
Each state is subject to different levels of payroll tax that must be paid by the business.
If you’re based in Arizona, you might need to double-check your payroll taxes if you staff employees that live and work in other states.
Make sure to ask the payroll company about these issues and whether it applies to your employee base.
Turnover and Removal or Addition of Employees
Expect your payroll costs to become more expensive if your company experiences a lot of turnover. As employees come and go, your payroll costs will rise as you remove employees and add others.
These constant changes will cause your payroll fees to fluctuate, which is one of many reasons why you should increase employee engagement and retention in your business.
A Variety of Fees
Keep in mind also that payroll companies also charge a number of different fees that might apply to your company.
In addition to base rates and fees, you might also be charged additional services. Some of these extra fees that you might have to pay include:
- The cost of administering and handling direct deposits for employees
- Fees for preparing and filing your company’s taxes
- Processing fees for business documents, such as W-2s, 1099 forms, and forms for employee benefits
Make sure you ask the payroll company what kinds of additional fees they charge.
Get these fees in writing and find out if they are extras or if they are included in the based rate or agreed-upon price for your payroll service contract.
Find the Best Payroll Services in Arizona
These tips not only explain how much you can expect to pay for payroll services, but also the details that can affect the price.
The most important thing is making sure that you get help from a company that can address your payroll needs without any issues.
By finding the help and service of payroll professionals that can help you out, your employees will be taken care of, your company will better understand how to manage its overhead costs, and you’ll be in a better position to scale and grow your company.
If you need the help of a top payroll service company that can assist your Arizona business, start with this information and keep learning and gathering information you need to make the best decision possible for your business.
Master Accounting and Tax Service has been supporting companies across Arizona for over 18+ years and is happy to help you with your payroll needs.
Take the time to contact us on our website or give us a call at (480)456-4999.
If you’re a looking for the best Payroll Service in Phoenix to help you with your business payroll needs, contact the experts at Master Accounting for a free initial consultation! Call (480)456-4999 or submit your request online here.
