EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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Managing third-party payroll service provider arrangements
In this report we explain the importance of overseeing third-party employment tax outsourcing arrangements.
The benefits of payroll outsourcing are clear — businesses can realize lower technology costs and reduce staff time devoted to repetitive and time-consuming tasks such as those associated with tax payments and return filing. In fact, with so much of the payroll infrastructure transferred to a third party it is often the tendency, due to overzealous marketing or complacency, to redirect or remove trained and experienced in-house staff who are vital to the oversight role.
In this special report, we explain why it is important to oversee third-party arrangements and review some of the tasks integral to the overall governance process.