About  Basically speaking, payroll outsourcing refers to the business practice in which firms contract with business services to handle their payroll functions. Using these outsourcing services ensures that the payroll process is well managed. This thus eliminates the need for a functional payroll department within the outsourcing firm. Services Provided Providers of payroll services manage very diverse functions including: – Wage and salary calculation – Tax withholding – Distribution of withheld funds to the right…