We offer payroll solutions to fit your needs!
Our Payroll Services include calculating payroll and tax obligations for each employee, payment to employees via direct deposit or providing net amount for hand-written checks, pay stub delivery to each employee via email, and providing management reports. Paychecks can be issued on a weekly, bi-weekly, monthly, semi-monthly or annual payroll basis. Hiring us allows you to concentrate on what you do best for your business.
Here are a few reasons why you should hire us-
No matter how many employees a business has, processing payroll demands a lot of time and attention to detail. There is a large amount of data involved in processing payroll. Your time is valuable, and the time you spend on your business should be devoted to generating revenue, not dealing with payroll and other administrative tasks.
Here are a few tasks payroll processing requires:
Step 1 – Employee Information Gathering
Business owners start by collecting some or all of the following employee information:
Applicable state withholding certificates (many states require a form in addition to the federal W-4)
W-9 (if hiring independent contractors)
Complete job application
Bank information (if direct deposit is an option)
Medical insurance forms
Retirement plan documents
Step 2 – Employee Timekeeping
Employees are then informed about their paycheck schedule and how the company expects work hours recorded.
Step 3 – Approvals for Payroll
At the end of the pay period, the payroll administrator verifies hours worked and secures approval for payment, including any supplemental income from bonuses or overtime.
Step 4 – Taxes and Withholding
Net pay is calculated based on gross earnings minus the total amount of deductions and withholdings (federal, state, and local taxes, retirement contributions, medical insurance, additional deductions such as child support, etc). When the person responsible calculates wages, they need to know which deductions to take before or after taxes have been assessed.
Step 5 – Submitting Payments
Paychecks are delivered to employees and the amounts withheld submitted to the appropriate entity. Employers are responsible for a share of payroll taxes. Calculating and submitting to taxing authorities on time avoids hefty fines and penalties.
Step 6 – Payroll Recording and Reporting
Federal and state payroll reports are generated and sent as often as quarterly. Payroll requires a lot of data and paperwork, much of which is sensitive in nature. It can be challenging to develop an adequate filing system where all that data and employee information can be maintained and accessed whenever necessary
Hiring us enables you more time to focus on what matters most to you.
Reduce your overhead by eliminating the need for specialized employees.
Even with trusted employees, there is always a risk of identity theft, embezzlement, or tampering with company records for personal gain. Hiring a professional helps to minimize risk.
We are the experts in the complicated world of government tax regulations. Government rules and regulations are always changing, and small business owners can't be expected to stay on top of these changes. We, on the other hand, must stay current with rules, regulations, and changes in tax rates