Payroll Services Benefit Small Businesses
Payroll services benefit small businesses by helping them attain greater sustainability through judicious utilization of resources. Comprehensive human resource management solutions are offered by a PEO (Professional Employer Organization) to enable clients outsource their HR responsibilities, leaving them with greater flexibility to devote their resources to their core revenue earning tasks and thereby ensure greater productivity.
Save Costs, Manage Employees Better
It is an important cost saving plan, and it also ensures your employees, the most valued assets of your organization, are managed more effectively in order to get the best from them. It helps attract skilled and experienced professionals, to train them well, offer them a comprehensive benefits package, create the right work environment for them, and thereby ensure greater productivity and retention.
A PEO has in its arsenal experts in various facets of HR management who can not only offer effective HR management, but also show your company the way forward. Payroll services benefit small businesses for which the solutions offered can be adapted to suit their needs.
A Whole Range of Payroll Services
The payroll solutions offered by a PEO generally consist of paychecks and stubs with electronic scanning, direct deposit to multiple bank accounts, payroll delivery, payroll checks drawn on the PEO's account, Section 125 pre-tax administration, payroll deductions, garnishments and levies, flexible spending accounts, federal and state payroll tax deposits and returns, FICA, FIT and SIT tax withholdings, customized reports including job cost accounting reports and cost allocation reports, filing of quarterly reports - FICA, FUTA, SUTA, new hire reporting, federal payroll summaries, production and delivery of W-2s, wage/hour law compliance, paid leave program management, comprehensive payroll deductions, vacation and sick time accruals, department summary, multiple worksites, and more.
Payroll services benefit small businesses in more ways than one, and ensure greater sustainability and productivity.
by: Christopher Walton