Are there Immediate and Tangible Advantages to Outsourcing?
Yes, outsourcing has several tangible and immediate advantages over hiring in-house: 1. Get immediate and expert help for the accounting tasks – no training necessary. 2. Higher level of experience = less time the manager spends overseeing the accounting tasks. 3. No potential entanglements of an employee/employer relationship. 4. Save in payroll related expenses and hassle. Why deal with any of these if you don’t have to? FICA payments and reporting; Federal Withholding payments and reporting; FUTA payments and reporting; state tax payments and reporting; work comp payments and reporting. None of these apply to outsourced help; all apply to in-house help. Which is Less Expensive – Outsourcing or Hiring In-House? The actual cash going out the door will probably be about the same. For about the price of a full time clerk, the new business can buy a part time expert. Remember that there are payroll related expenses associated with hiring in-house; be sure to factor these into your decisi
