Here’s Why End-of-Year is the Best Time to Switch Payroll Providers
Face it, there’s a ton of reasons to change payroll providers – bad service, lack of integration, you may even be overpaying! But fear not – now is the perfect time of year to switch payroll providers. Let’s explore why.
It’s a Clean Slate
Changing payroll providers in the New Year lets you operate on a clean slate. There are (ideally) no carryovers from the previous year to file or rectify so your new payroll service can hit the ground running!
In contrast, switching mid-year can be a bit more complicated. A mid-year switch can bring up questions as to whether the former or current payroll provider is responsible for certain tasks. Your new service may also need information from your old provider in order to complete payroll or quarterly taxes.
Prepare For the Switch
Switching payroll providers end-of-year is a stress-free option. But don’t forget to take care of a few vital tasks before you do:
- Have copies of all your financial records from your old payroll company such as employee information and tax records.
- Have your most recent quarterly filings for your new provider to verify your legal company information.
Thanks for reading, and remember that Fingercheck, in addition payroll, offers time & attendance and HR services for one low, monthly price – regardless of how often you process payroll. So make if you’re considering making a switch in 2020, now’s the time for a seamless transition.