Third-party payroll services refer to the outsourcing of payroll processing and management tasks to external service providers. Instead of managing payroll functions in-house, businesses can contract with third-party payroll providers to handle various aspects of payroll administration, including calculating employee salaries, processing payroll taxes, generating paychecks or direct deposits, and maintaining accurate records of employee earnings and deductions. Third-party payroll services offer businesses comprehensive payroll solutions that streamline payroll processes, ensure compliance with tax regulations, and minimize the risk of errors or discrepancies
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