Business is great, you’re adding employees, but then you hit that dreaded time: Pay day. When you started your business, you probably never realized how time-consuming and complicated paying your employees would be. Manual bookkeeping, confusing payroll software, keeping accurate records, tax compliance, employee classification, reporting, privacy issues, and so much more.
Your time matters. Your focus on the business is critical. Working with a small business payroll company gives you both your time and focus back. It also makes payroll accurate, compliant, and never an issue for employees to complain about.
NetPEO can help you find the perfect partner to take the workload of payroll off your hands. Simply call (678) 841-7195 and we can provide the solution to all your payroll problems.
Why You Should Work with a Small Business Payroll Company
Payroll is not simply writing a check to an employee. And, as you know, running a small business in New York can be complicated.
- Payroll rules
- Local, state, and federal tax laws
- Labor laws
- Employee classification
- Pay withholding
Make even a miniscule mistake and you could get hit with big penalties. And as you add more employees, the payroll workload grows as well.
Working with a small business payroll company provides you full support with everything from payroll basics to more complicated aspects of payroll such as:
- Union dues
- Direct deposit
- Unemployment claims
- Wage garnishment
- Federal, state, and local tax withholding
- Contract and freelance payments
- Worker’s compensation deductions
Believe it or not, outsourcing your payroll can actually save you money.
Software fees and licenses add up quickly. And that doesn’t take into account the money you’re losing spending time focusing on payroll administration instead of growing your business.
Add into that the potential cost of penalties or fines due to inaccurate payroll and you’re looking at a real ding to the bottom line. Having someone else take care of your payroll alleviates these issues for a cost that works with your budget.
Whatever your business size, NetPEO can help you get set up with a payroll program that rivals a Fortune 500 company. Full support, accurate, efficient, and convenient payroll services that fit your budget.
Payroll Outsourcing Options
For many small businesses, a hands-off approach to payroll is desirable. A popular option is to work with NetPEO to fully outsource every aspect of payroll. However, other small business owners choose a more a la carte approach — keeping some elements of payroll in-house while outsourcing others to a trusted partner.
Some of your small business payroll outsourcing options include:
From pay and withholding calculations to issuing checks or direct deposit, the basics of handling payroll can be time consuming and are popularly outsourced.
Social Security, pension, and tax withholdings can require complicated and exacting calculations. To avoid costly penalties, it is often wise to outsource this payroll function.
Employee Benefits Administration
The better your employee benefits package, the more arduous it can be to keep track of and properly administer. Federal and state laws and regulations change often, so outsourcing your employee benefits administration saves the struggle of having to keep on top of all related issues.
Payroll reports aren’t just meant to pile up, unread, on your desk. Thorough and accurate payroll reporting is a vital business requirement often required by laws and regulations. As they say in the U.S. Department of Labor, “Following the law is good for business.”
Online Payroll Entry
For companies that prefer to utilize user-friendly technology to enter payroll information on their own, NetPEO offers cloud-based payroll options with our full support, if necessary.
Employe Self-Service (ESS) Portals
If you’d like your employees to be able to access your company’s payroll system anywhere, any time from any device, an ESS portal is worth looking into. ESS portals make record-keeping easy and increase employee satisfaction.
One of the biggest advantages of partnering with NetPEO to outsource your small business payroll is the ability to customize payroll options to meet your exact business needs. We are also flexible, so we can increase or decrease payroll management services as your business flexes and evolves.
Choosing a Small Business Payroll Company
There are numerous payroll providers serving small businesses in New York. When you’re looking for someone you can trust, there are important items to consider.
Reputation and Recommendations
Look for experience, not only how long the company has been in business, but depth and breadth of service. Some companies focus on small businesses, others work with businesses of all sizes. Some companies stick within one or two industries, others serve a broad range of clients across industries.
Do your research. If a company has a good reputation and other clients would recommend working with them, there’s a good chance you’ll be satisfied with their payroll services.
Additional Services Offered
Some companies focus solely on payroll administration. Others, like NetPEO, also offer the ability to scale up with human resources, finance, and administrative outsourcing options. As your company grows and evolves, it’s good to have a partner in your corner that can help where needed.
Schedule Your Small Business Payroll Consultation Today
NetPEO works with you to learn your business goals, what you’re doing that works, and the challenges you face. We then custom design a package to fit your unique needs. Our focus is on developing solutions to fill your payroll needs and give you your time back.
Call (678) 841-7195 or fill out the form to schedule your consultation.