Outside Payroll Law and Legal Definition
Outside payroll may be used by a personnel department which decides it's a good idea to utilize an outside vendor to assist in keeping up with legal and tax reporting and compliance requirements. Using an outside processor can also help develop and implement a pretty tight system of internal control over the payroll function.
Employers seek to free up other employees to concentrate on the business of the company but outsourcing payroll functions to an outside company. A business that specializes in payroll processing will generally offer the following services:
- computing and preparing payroll checks for your employees
- preparing federal and state payroll tax deposits and seeing that you make them on time
- preparing federal and state payroll reporting forms, including W-2s
Legal Definition list
Related Legal Terms
- Accompanying the Armed Forces outside the United States
- Accompanying the Federal Government Outside the United States
- Accrued Payroll
- Annual Payroll
- Compulsory Payroll Tax
- Eligible Payroll
- Employed by the Armed Forces Outside the United States
- Employed by the Federal Government Outside the United States
- Outside Director
- Outside Employment
