Payroll Services
There's more to managing small business payroll than writing checks and handing them out to employees on time. You need to keep accurate records, calculate and pay payroll taxes, and communicate effectively with employees. Many small business owners are finding that they can simplify the process by using an outsourced payroll provider to manage the entire process more cost-effectively and efficiently.
Outsourcing your payroll can provide your small business with important benefits:
Save time: Using an outsourced payroll solution is typically more efficient for a small business than processing payroll internally. Leaving payroll to experts frees up hours that you can devote to other important parts of your business. Whether it is your time, your staff’s time, or a combination, chances are the hours could be better spent winning more business, improving customer service, fine-tuning business operations or launching a new product line.
Save money: Many business owners underestimate the cost of processing payroll internally by failing to account for all hours spent and resources allocated to pay employees and maintain payroll paperwork. A thorough cost assessment usually proves that a small business saves money by outsourcing the processing, tracking and filing of payroll documents.
Avoid Penalties:
Calculating federal, state, and local employment taxes and filing payroll-related tax paperwork can be more than just a hassle. If it's done incorrectly, your small business may face penalties and even interest on money owed since the mistake was made. In fact, it is estimated that one in three small businesses receive a tax penalty costing over $1,400 each year.
Outsourcing Payroll Does Away With The Risk of Many of These Costs:
- An outsourced payroll services provider calculates payroll taxes, based on its expertise and close tracking of regulation changes.
- Monthly or quarterly employment tax reports are managed by the payroll service, ensuring they are submitted correctly and on time.
- Payroll providers may assume penalties that come as a result of incorrect tax calculations.
- End-of-year paperwork - such as W-2s and 1099s - are handled directly by the payroll provider, so they are sent out on time.
Our Payroll Services Include:
Payroll Management: Payroll processing and payroll tax - filing solution.
Tax and Compliance: Comprehensive tax service automatically calculates, files, deposits, and reconciles your payroll taxes with Federal, state, and local authorities.
Benefits Administration: Benefits management that allows you to offer compelling benefit packages to employees.
Time & Labor Management
Save countless hours collecting, tabulating, and double-checking time cards.
Insurance Services: With The Howard Group and our select Workers’ Compensation insurance company partners, you get insurance from a top-rated company, better cash flow, convenience, and accuracy.
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