Many small business owners don’t need convincing when it comes to outsourcing their accounting or marketing. It makes sense to use experts in their respective fields and in the long run it will save you time and allow you to focus on your core business.
But have you considered if there are other functions that you currently do in-house that could be reviewed and outsourced. What about the payroll function?
It is a common misconception that the only affordable option for small business is to do payroll in-house. But this can be fraught with hidden costs. Such as the ongoing expense and hassle of updating software to meet tax rate changes and other legislative changes. Payment of superannuation and other deductions is also important as well as many other administrative tasks such as pay slip preparation and distribution.