Payroll services refer to the management of employee compensation, including wages, salaries, bonuses, and taxes. Payroll services typically involve calculating employee earnings, withholding and remitting taxes, and producing paychecks or direct deposits. Outsourcing payroll services to a third-party provider can be a cost-effective and efficient way for businesses to manage their payroll processes. Payroll services also help businesses stay compliant with tax laws and regulations and can reduce the risk of errors or penalties. Overall, payroll services can improve the accuracy and efficiency of managing employee compensation.