Payroll managing can be a difficult to execute even for a professional and therefore, it is good for companies to outsource their payroll to a reliable HR consultants firm . Through outsourced payroll, a company can offer great benefits to your company. Such as the followings- It Can Save Your Time: Outsourced payroll service to a service provider can save a lot of time of yours. Managing the entire payroll service is a very time consuming factor. By outsourcing it, you are free to do your own job of looking after the company. It Can Reduce The Overall Processing Cost: Apart from being time consuming, the entire process of managing the payroll service is costly as business owners need to recruit a number of employees to do the work. It is found that, a medium sized business owner with employee strength of 100 spends extra $45000 on payroll service, which can be reduced through outsourced payroll. It Can Help You Avoid IRS Penalties: Due to late payments or e