Five hours. That’s how much the average small business owner spends doing payroll for each and every pay period. When you add up all your pay periods, that’s a lot of hours.
When you think of every other valuable thing you could be doing with that time instead – focusing on business growth, customer service, marketing, hiring, and more – you realize payroll likely isn’t the best use of your time.
That’s why business owners in Buffalo turn to small business payroll companies such as NetPEO.
Avoiding Payroll Complications
As a business owner, you know payroll isn’t as simple as writing a check to an employee. From helping you automate the most tedious payroll tasks to completely taking the payroll process off your hands, a Buffalo small business payroll company can give you back your time.
Not only does payroll take a lot of time, but it can also have a lot of risky implications for your business. Operating a small business in New York can be extremely complicated. If you miss filing a form or are late with a payment, it can lead to fines, penalties, and even legal action.
A NetPEO payroll specialist can expertly take care of everything from:
- Local, state, and federal labor and tax laws
- Unemployment claims
- Year-end tax filing
- Issues with multi-state operations
- Withholdings such as wage garnishments and child support
- Union dues
- Employee deductions
- Direct deposit
- Certified payrolls
- Correct employee classification
Keep the IRS and Your Employees Happy
Payroll keeps two groups of people happy, your employees and the tax authorities. If you’re new to payroll, you might not know how serious the penalties are for reporting the wrong amount of tax, or paying someone the wrong amount of money.
Wage theft is a serious problem in this country, and labor boards are not shy about pursuing claims from underpaid workers. Even if you made an honest mistake, you could still face punishment for improper payment.
The same goes for paying too little tax. The IRS reserves much of its enforcement branch to pursue bad business tax practices. You could lose your business and face potential fines and jail time if your tax procedures aren’t meeting the requirements.
Common Payroll Mistakes New Companies Make
In our experience, we’ve seen a few common payroll mistakes in new companies that can cause serious problems if they’re not caught early. These include:
- Mis-classifying employees as contractors, or vice versa.
- Paying workers the incorrect amount, and the underlying reasons for it.
- Taking taxes into account when you give gifts.
For more information on these, read our article on the payroll mistakes new companies make. If you hire a small business payroll company in Buffalo to help you, one of the first things they’ll do is audit your existing books to make sure everything is correct.
Payroll Management Is Not One-Size-Fits-All
Many small business owners prefer to outsource their entire payroll process, but we know that’s not the right choice for everyone. That’s why NetPEO allows you to choose the level of services that are right for you, a la carte.
User-Friendly Payroll Software
When you want to enter your own payroll information, we can provide software that makes it easy. Our proprietary online entry software allows you to remotely enter payroll data. You can pre-process payroll, check it for accuracy, then send it to us for processing. We can even print checks and reports for you.
Employee Self-Service Portals
You can provide your employees with a user-friendly web-based portal to view and print vital information like pay stubs and W-2 forms. NetPEO’s ESS portals can also help create schedules, track overtime, and provide a convenient central location for employee timesheets.
NetPEO’s payroll ESS portal options help to consolidate information so that your employees can efficiently and quickly access important payroll and human resources information. It’s an all-in-one resource that helps improve communication.
Complete Payroll Administration
This is, by far, our most popular option chosen by small business owners. From handling the complexities of wage garnishments, inputting certified payrolls and Davis-Bacon, tracking paid time off (PTO) and even custom designing payroll systems to fit your exact needs, NetPEO can do it all.
NetPEO offers immediate payroll reporting with the comprehensive information you need. We offer remote print-back capabilities that allow you to print checks, check stubs, and reports within 15 minutes of processing.
Industries and Business Size
One of the most common questions we get is if we can do payroll for a small business with only a few employees or a business with hundreds of employees. NetPEO can help you streamline your payroll and reclaim your time, no matter what size your company is. From businesses with five to 500 employees, we have numerous options to choose from.
We work with businesses across industries in Buffalo, including:
The healthcare industry can face especially challenging payroll complications with specific regulations, certifications, unions, overtime, and multiple rates of pay.
The highly regulated finance industry requires specific payroll knowledge of and compliance with laws as well as the ability to efficiently work across multiple locations.
Manufacturing, Construction, and Retail
Unions, PTO, overtime, time tracking, a variety of employee payment preferences – all are important areas of focus in the manufacturing, construction, and retail areas.
Information Technology and Hospitality
Introducing tips and labor laws encompassing tipped employees adds a whole new level of complication to payroll. One misstep can land a company in hot water in a very public way.
Professional and Business Services and Non-Profit Organizations
Nonprofit organizations have to comply with an additional set of tax rules, laws, and regulations. Additionally, a small business payroll company in Buffalo can help your nonprofit align its mission to its operations and growth goals.
Save Time, Save Money
Yes, working with a small business payroll company comes with a price. However, when you add up the cost of the number of hours you’ll save not having to manage payroll, the added opportunity cost of turning that time to profitable activity, and avoiding the cost of hiring another employee, most people find they save money using a payroll company.
Don’t forget the amount of money (and stress) you’ll save having skilled professionals handle legal and financial compliance. Avoiding those fines and lawsuits alone is worth the cost of working with a small business payroll company in Buffalo.
Schedule Your Free Consultation With a Buffalo Payroll Company
Call NetPEO or fill out the contact form to schedule a free consultation with our Buffalo small business payroll company. We will take the time to learn about your business, your growth goals, and your payroll needs. We can present you with a plan to ensure you’re saving time, money, and moving your business in the right direction.