SHOULD YOU OUTSOURCE YOUR NON-PROFIT PAYROLL?

If you are running or working in a non-profit organization you know that there are too many organizational and logistical questions all fall under the attention of one person and that is not limited to payroll services.  Considering how much fundraising and organizing one person has to do it becomes imperative that the payroll is outsourced to those specialized in the field. However, it is very common that non-profit do not have the budget to outsource tasks that can be done in-house. Here are some of the pros and cons for doing that.

Tax and non-profit

The work of non-profit organizations may differ from that of regular companies but when it comes to taxes they are expected to do things the same way. They should deduct money for health, unemployment and other benefits, as well as deduct taxes from all their employees. Generally, there is nothing particular about payrolls for non-profit except that people working for non-profit may not always be primarily interested in this type of work and hence training someone on a payroll software may not be the most successful plan.

Tax deductions

This is a question a non-profit should keep in mind whenever they are considering payroll outsourcing. As some non-profit organizations become charitable it means that they can give tax deductable receipts to people who donate to them. This needs to be handled properly by accounting and it is an important thing to keep in mind. Usually, whoever is hired to work on the payroll should be working on this part as well since they are related and it helps cutting costs. Perhaps, for many non-profit, it is a good idea to outsource if they have the means because then they can ensure that all their financial worries are taken care of all at once.

Non-profit should focus on missions

For many non-profit organizations the goal of course is accomplishing a certain mission or working on a certain campaign. They will use all the resources they have to direct the effort on those goals. Hence, there does not to be manpower retargeted to be working on payroll services. This makes outsourcing a much easier, and time saving option that can really help keep the focus on the non-profit organization where it should be.

Our services can also remind you through our website.

We even have Facebook, Instagram and Linked in! Comment or like if your more of the social media type 😉

IT Tech Support Over the Internet