How Much Will Payroll Cost for 10 Employees?

If you own a business, you know how important managing payroll can be. And as your business grows, it becomes subject to various payroll-related requirements. At some point, you may find it beneficial to outsource this function! 

If you're considering payroll outsourcing, you might be curious about the associated costs. Surprisingly, payroll outsourcing is generally affordable for many small businesses even if you have 1 to 1000 employees. The pricing can vary based on several factors; our professional experts will take you through this brief guide to payroll solutions, so you can make an informed decision based on your unique business needs. 

Affordable Processing Payroll For 10 Employees

The cost of processing payroll for 10 employees with Horizon Payroll starts at only $5.86 per employee for bi-weekly pay.

Our low rates make outsourcing payroll processing affordable for small businesses. This cost includes deductions, electronic checks, base tax compliance, ohio workers compensation, HR on Demand, our labor poster program, 401k uploads, online reporting, applicant tracking access, and more. 

If you want a personalized payroll processing quote, contact us today or email Scott Langer. 

Outsourcing Payroll Can Bring Many Benefits For Small Businesses

There are several reasons you might consider outsourcing your payroll process as your business grows. It is important to note that payroll processing can be complex, and using dedicated payroll service provider may be beneficial to ensure accuracy and compliance with all tax and legal requirements.

For starters, delegating payroll tasks to an outside company can bring you much more time to work on the things that made your business successful in the first place! Check out some benefits of payroll outsourcing below. 

Save Time and Resources

Managing your business’s payroll internally can be time-consuming, not to mention resource-intensive. When you outsource it, you free up valuable time and resources, which you can allocate to more important business activities. Payroll service providers have the systems, the staff, and the know-how to efficiently handle payroll processing, tax calculations, and employee inquiries. 

Eliminate Payroll Mistakes

Payroll mistakes can have serious consequences. Beyond dissatisfied employees, you could end up dealing with some pretty severe financial penalties and additional costs. To reduce the risk of error, many companies hire professional payroll service providers that are experienced in handling complex calculations and tax withholdings. 

Ensure Yearly Tax Compliance

Tax regulations are often complex and updated frequently; as a business owner, you probably don't have the time to stay on the pulse of what's happening in the ever-changing world of payroll taxes! When you outsource your payroll processes, you can ensure that your payroll taxes are calculated correctly and that tax filings are submitted accurately and on time, so you don't have to deal with costly penalties or compliance issues. 

What are Some Cost Factors for Payroll Services?

As stated previously, your payroll costs can vary depending on several factors, including the size of your team, the provider you sign up with, and more. Read on to learn more about what goes into the cost of payroll services! 

Number of Employees on Payroll

Generally, the more employees you have, the higher the cost will be for payroll services.  Most payroll service providers will charge a fee per employee for their services. 

Do Your Employees All Reside in the Same State?

If not all of your employees reside in the same state, this can make the payroll requirements much more complex. For example, suppose you have a large workforce spread across multiple states or locations. In that case, additional requirements may be involved regarding tax calculations, labor law compliance, and deduction/benefit handling. This factor is one of the most impactful in terms of the overall cost of payroll services. 

Pay Period Frequency and Method

The frequency at which you process payroll can also influence the cost. The difference between a weekly, biweekly, semimonthly, or monthly payment schedule is pretty significant, as it'll affect the workload and time required by the payroll service provider. You also have to consider the payment method you use, such as direct deposit or paper checks, as they can incur different costs. 

Any Additional Payroll Services

It's worth noting that some payroll service providers offer additional features such as tax filing, new hire reporting, payroll software integration, time and attendance tracking, employee self-service portals, and HR support. You might choose to include these services in your payroll outsourcing package, however, be prepared for higher overall costs when adding additional services.  

Tax Compliance, Benefits, and More

As we said before, the complexity of the tax-related responsibilities, whether filing payroll tax returns, providing W-2 or 1099 forms to employees, or calculating and withholding taxes, can impact the overall cost of payroll services. If your business offers employee benefits, such as health insurance or retirement plans, payroll companies may charge additional fees for managing these aspects as well. 

Horizon Offers Affordable Payroll Services for Small Businesses

If you're looking for tried and true payroll solutions, look no further than Horizon! We're proud to be a trusted provider payroll services firm specifically designed for small-to-medium sized businesses, offering affordable prices paired with decades of expertise in payroll and HR management. Contact us today for more information and a free consultation! 

Tailored Solutions from Experienced Professionals

We offer tailored solutions, so we can meet the unique needs of your business. The challenges faced by small business owners are unlike anything else. You shouldn't have to spend your time worrying about payroll processing, tax compliance, and HR administration! Let our trusted team do the work for you so you never have to stress about accuracy, compliance, or efficiency of payroll ever again. 

Top-Rated Payroll and HR Support Services

We take pride in providing top-rated payroll services. All of our payroll and tax compliance services are timely and accurate, eliminating payroll mistakes that can lead businesses down a dark path to compliance issues. 

In addition, Horizon is proud to offer comprehensive HR support, including HR compliance assistance, benefits administration, employee onboarding, time and attendance tracking, and more. Our goal is to provide you with the complete package, freeing up valuable time and resources, so you can focus on core operations.

How Much Will Payroll Outsourcing Cost for 10 Employees?

If you run a business with ten employees, it's important to note that the average cost of payroll outsourcing can vary depending on several factors. These factors include the complexity of your payroll needs, the pay period frequency, your method of payment, service customization, support needs, and any additional services you may require.  

Reach out to Horizon today for more information and an accurate estimate based on your company’s unique needs. 

Contact Our Team for a Free Consultation

When it comes to payroll outsourcing, there are so many different factors to consider, and cost is certainly an important one! We also understand that selecting the right payroll provider is crucial for your business, which is why we offer a range of packages for different budgets, tailored to meet your specific needs.  

As a trusted partner, Horizon provides top-notch payroll services for small businesses at competitive rates. Get in contact with us today to get a free consultation and learn more about our payroll outsourcing services!