Processing payroll can be a tedious, time-consuming task for businesses of all sizes. As a small business owner, you likely have dozens of other responsibilities on your plate and don’t want to spend time on something if you don’t have to. It is important for payroll to be completed accurately to make sure your employees are taken care of and your business stays in compliance, but it doesn’t have to be completed in-house.
What is a Payroll Service Provider?
Payroll service providers partner with small businesses to process their payroll for them. This partnership can save you time and money while making sure your company has payroll run accurately and on-time, every time.
How do Payroll Companies Work?
Payroll companies take care of more than just payroll. Tax withholdings, wage garnishments, and tax filing services are frequently part of payroll company’s processes. Additionally, many payroll companies offer access to technologies that make it easier for employees to report their hours and for you to view payroll reports. PEOs (professional employer organizations) are a type of company that process payroll and provide benefits and HR support to the small businesses they partner with.
Benefits of Using Payroll Services
There are many benefits to working with a payroll company. First, you save time and resources by not processing payroll by yourself. Payroll companies also employ payroll experts to ensure that your payroll is in compliance with federal and state laws. Your employees may gain access to online tools and direct deposit, making it easier for them to manage their finances. Beyond that, the ease of running payroll with a payroll company can reduce stress in your life and ensure your employees will get their correct pay on time.
How to Choose a Payroll Company
Before partnering with a payroll company, you want to make sure their services line up with your needs. To evaluate this, consider making a list of all the areas you need covered by a payroll company. Consider whether a payroll-only company or a company like a PEO that offers employee benefits, workers’ compensation, safety, and HR support would better meet your needs. If you are interested in learning more, consider reaching out to Helpside. We offer a large range of payroll-related services that can give your company a competitive advantage. Reach out to us at service@helpside.com.