As small business owner, you may have to take care of the payroll all by yourself. Many people like you who start their own successful companies are intelligent, have field experience and an entrepreneur spirit to get things done. However, when it comes to accounting, and in particular payroll jobs, they often stumble. Figuring out the income tax, 401K and insurance contributions in generating each payroll check can easily take an hour or more each week. Why not to save an hour to be better spent earning profits or at the very least having an extra free hour to enjoy life? Most of small business owners have to work from dawn to dusk 7 days a week, some even think about to work 25 hours a day if they could.

Unless you are an accountant, you didn’t get into business to spend all your time doing payroll. You need to spend your time running your. Yet payroll activities are critical to your business. After all, a paid employee is a happy employee and your business runs better when employees are happy.

Payroll data needs to be secure. You do not want banking and personal information like social security numbers getting into the wrong hands. Nor do you want to risk losing your data to hard-drive corruption or other data-loss events. Outsourcing your payroll can be either advantageous or dangerous when it comes to securing your payroll data.

Following are security issue you should think before you decide your payroll processing:

1. Payroll Software

Inhouse application may be an easy, safe and affortable payroll processing method for a lot of small businesses. Some payroll applications, such as ezPaycheck from halfpricesoft.com, support data backup feature and do not require internet connection at all.

Assuming you have adequate security measures for your computer system, including firewalls, secure data back-ups and 128-bit password encryption, using in-house software is a reasonably secure way to handle payroll. You will know exactly who has access to your records and no data needs to be transmitted across the Internet.

2. Accountants or Payroll Processing Firms

If you are considering hiring an accountant or small firm, make sure you ask about their security and back-up systems.

Large firms often have secure processes, hi-security computer servers and back-up systems to keep your data safe. These firms are likely to have better data encryption and security than you will be able to put in place yourself, so you can be sure your data is safe. Small firms and solo-accountants are not likely to have the same level of security as large firms and computer systems may be vulnerable to hackers or data losses.

3. Online payroll processing service

Web-based services may or may not have adequate encryptions, security and back-up systems. Make sure you ask about security and find reviews on potential outsourcing sites before you buy. And if your own computer systems are insecure, it will not matter how secure the web-based service is because your data transmissions will be vulnerable to hackers when you send data over the web.

Every business is unique and while payroll software is often an efficient, cost-saving payroll solution for most small and mid-size businesses, you may find that you enjoy the freedom and expertise of hiring an accountant or payroll service. Only you can decide which is right for your business.

For More Information Please Contact:
halfpricesoft.com P.O. Box 17067 Louisville, KY 40217 USA
email: contact@halfpricesoft.com
Fax: (866) 909-6448

Author Bio: About halfpricesoft.com http://www.halfpricesoft.com/index.asp Halfpricesoft.com is a provider of easy-to-use 1099, W2 and Payroll Software solutions for accountants and small to medium size businesses. ezPaycheck payroll software makes small business accounting a breeze with free trial, no registration, and no obligation.

Category: Business
Keywords: Payroll, payroll software, accounting,payroll application, hr, taxes,accouting, acounting