Why Dentists Should Consider Hiring a Payroll Service

Outsourcing your payroll service can help you better handle your regular payroll and related tax returns. Payroll can be more efficient and less expensive in the long run than running it in-house. Payroll services also assure confidentiality and security, offer more convenience, and protect you from making costly errors.

Handling Payroll In-House

As a busy dentist, you are probably already aware that handling your payroll alone is time-consuming and costly. Being distracted or having too many responsibilities can result in mistakes made and employees feeling frustrated. Additionally, if you are having an office manager handle payroll, it will become very difficult to maintain confidentiality and security when it comes to each employee’s salary. This may result in tension in the office or even jealousy and resignations.

Benefits of Outsourcing Payroll

Below are a few of the many reasons why it can be a good idea to consider outsourcing your payroll to professionals:

• Cost Efficiency – Outside payroll services are often able to handle payroll burdens for less than a regular CPA firm. Additionally, it will save you any costs that may be incurred by making tax or payroll errors.
• Services Provided – Not only are payroll services able to prepare regular payroll checks, they can also handle payroll tax deposits, any 401(k) employee deposits, and even personal savings checks for the dentist through payroll withholdings.
• Increased Security – Payroll services typically assume all responsibilities for any tax penalties that may arise because of inaccurate calculations or late deposits.
• Stress-Relief – Lastly, using an outside payroll service allows you as a dentist as well as your employees to perform more productive tasks such as patient care, dental marketing, and other responsibilities.

At CTC National, we provide a wide range of dental consulting services. For more information on how we can help you run your dental practice more smoothly and successfully, please contact our office today!