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I always recommend hiring a payroll company of some sort. they make a business out of something is business owners hate doing. Have you ever considered a PEO aka Professional Employer Organization?
They assume tons of the liability associated with your employer related liabilities in the complicated world of HR, payroll administration, work comp and employee vendors. Check out this site to learn more about a PEO www.napeo.org
Many times a business owners time is far more valuable to them and frankly don`t have time or the expertise to run a complicated payroll structure. Not to mention the compliance issues that arise with overtime and fair wage. If your looking to grow, include researching PEOs and find out if they are a good fit for your company.
One point to take not of, if your going to hire a payroll company, there are many local companies that can do a great job just as paychex or Adp but you`ll find with a local vendor a dramatic increase in personall attention. You can expect to have a single point of contact rather than a team of people processing your payroll. I personally like to build relationships with my vendors so there is much more attention dedicated to my account. I enjoy the small business feeling rather than being just another account for the big guys like ADP and Paychex. Just a tip. Explore all options!
