If your business has employees, then it needs an efficient payroll system. And as your business grows, payroll services become more of a necessity.
That’s where a Texas small business payroll company comes in. Texas payroll companies deliver accurate, fast, and efficient payroll services to businesses of all sizes. Organizations that outsource their payroll accounts get to enjoy top-level accounting services at a cost-effective price.
NetPEO has the nation’s largest pool of PEOs. We match our clients with payroll companies in Texas who provide top-notch services. Call (678) 841-7146 or complete our contact form to learn more.
A Small Business Payroll Company Saves Money
Hiring a PEO company is an economical solution, as they provide businesses with qualified and versatile professionals who ensure all administrative duties are done correctly.
Outsourcing payroll functions is more cost-efficient than creating an internal HR department. By partnering with PEOs, Texas business owners receive first-rate payroll services at a fraction of the cost.
Sure, a business could hire an in-house accountant, people manager, and counselor. But that is a tedious and expensive process. Instead, businesses partner with PEO providers like NetPEO, as we connect Texas companies with people and payroll software to handle all of their accounting and payroll needs.
How You Pay for a PEO Partnership
Most small business payroll companies have straightforward fees. Some payroll and HR providers charge flat rates per employee. This is ideal for businesses with high wages and a low number of employees.
Other payroll processing firms charge a percentage of the payroll. This structure, known as per frequency pricing, charges per employee as well as a base fee. Per frequency pricing is ideal for businesses with standard payrolls that do not incur frequent changes.
PEOs Prevent Common Payroll Mistakes
When business owners do not invest in payroll administrators, mistakes happen. Paychecks get delayed, payroll taxes have errors, and essential details get overlooked. A payroll company prevents common payroll mistakes and keeps your payroll processing running smoothly.
Some of the most frequent payroll mistakes small businesses incite are:
- Incorrect employee payouts
- Not reporting gifts and non-cash items to the IRS
- Misclassifying employees
- Retaining incomplete or sloppy statements
- Missing federal deposit deadlines
- Classifying employees as independent contractors
- Failing to issue essential tax documents (like 1099 and W2 forms)
Payroll Mistakes Can Hurt Your Bottomline
Running behind on payday goes against the Texas Payday Law. The Texas Workforce Commission (TWC) states all employees must receive payment twice per month. Any executive, administrative, or professional employee must be paid at least once a month.
Employers who fall behind on payroll and miss pay periods may:
- Incur penalties and fines
- Create income insecurity in employees
- Find it difficult to retain talent
Outsourcing payroll services prevent these issues from occurring and improves company efficacy.
A Payroll Company Prevents Fines and Helps Your Employees
Payroll mistakes are costly. Late paychecks frustrate employees, and overlooking tax deadlines lead to hefty fees. According to Yahoo! Small Business, 33% of small businesses receive fines due to incorrect payroll operations.
But NetPEO and its network of Texas payroll providers put a stop to these quandaries. Our PEO services make managing a firm’s payroll easy and efficient. By partnering with a skilled payroll professional, you reduce the risk of payroll mistakes that cost your business money.
Payroll Services Boost Employee Happiness
Payroll companies for small businesses benefit company owners as well as their employees.
Payroll Companies Can Help Make Sure Checks Are On-Time and Accurate
There is nothing more frustrating to employees than being told their paychecks will be delayed or receiving a check with an incorrect amount. Partnering with professionals who can implement efficient payroll processes ensures these issues do not happen.
Payroll Companies Can Empower Employees, Too
A payroll management company does more than ensure your employees receive timely paychecks. Payroll processing companies can establish online self-service portals that employees can access as needed.
Online portals make it simple for employees to find fast answers to their payroll questions. Team members can log into a protected network to view pay stubs, tax deductions, 401K information, and more.
Payroll Processing Companies Boost Payroll Security
Payroll is a sensitive department. Those with access to a company’s payroll system also have access to confidential employee and company information. Granting multiple department heads or managers access to the payroll system increases your risk of data breaches, embezzlement, and record tampering.
Outsourcing payroll services eliminates these concerns. Professional payroll services make processing payments and company earnings more secure. A payroll company ensures data is safe and limits who can access sensitive pieces of information.
Payroll companies are detail-oriented and thorough. For business owners, that means there is always a paper trail. If the IRS requests an audit or employees claim they never received payment, your payroll service can jump in and assist.
Professional Payroll Services Save Texas Business Owners Time
If there is one thing business leaders say they need more of, it is time. Investing in a payroll company will save everyone in the company time, from the CEO to the new intern.
Payroll processing involves data entering, organization, and management. As companies grow and more employees join the payroll, the process becomes more time-consuming. In many scenarios, managing payroll systems is a full-time job.
By outsourcing payroll duties to a professional service, you get all of the time you used to spend on payroll back. Business owners can focus on improving sales, and management can devote their workday to boosting employee development.
Time is valuable, and a payroll company eliminates a large chunk of work from your plate. This allows you to dedicate your workday to what matters: growing your small business.
NetPEO: Payroll Services for Texas Businesses
No matter if you are a brand new company or have over 100 employees on your payroll, NetPEO can help. As your local Texas small business payroll company, we provide businesses with payroll PEOs who are experts at what they do.
Call (678) 841-7146 or complete our online form now. Our team will set up a consultation to discuss your payroll needs. From there, we will find the best small business payroll company for your Texas firm.