Keeping track of payroll through a proper payroll service is beneficial to both your business and your employees. Payroll services have never been so easy, secure, and affordable.  With the advent of cloud computing and advances to payroll software, the complexity of managing your business's payroll has become much easier to operate for any successful business.

Payroll is not just about paying people from a list of names and hours worked. The capabilities of an excellent payroll system also provides the means to offer additional benefits to your employees while saving time and money for your business.  The ability to provide direct deposits, track paid time off (PTO), ensure timely adjustments to tax codes, processing of health care payments, plus management of pension/401k contributions are just a few of the benefits a good payroll system has to offer.  Also, giving employees the benefit of limited access to their own payroll information, where they have the ability to view their latest data such as tax, retirement, and PTO information, is an added convenience.  
This limited access may include the ability for employees to update changes to address and/or personal status. Typically, this results in less errors and less time your business has to spend on such updates.
Pitfalls of running a business without a good payroll system:
  • Encountering tax issues due to delays or ignorance of tax codes.
  • Errors when calculating Federal and State taxes, unemployment insurance, PTO, workers compensation, retirement plans, or garnishments.  Resulting in under or overpayment and inaccurate tax management.
  • Bounced direct deposits due to inaccurate routing or account information.
  • Expenditure of time and money to have internal staff processing, correcting errors, and then reprocessing payroll.
  • Lower employee morale having to deal with an inconsistent payroll process.
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