Why outsource payroll if you’re already using payroll software?
This question is frequently asked by small business owners. Payroll, even with the help of software, takes up either your valuable time or the valuable time of someone on your staff. Time that could be spent on profit-generating activities.
Outsourcing your payroll is less expensive than paying someone to do it in-house or doing it yourself.
An important reason to outsource your payroll is that it enables you to create internal controls and processes. When you outsource your payroll to our team, we make sure that everyone is getting paid what they’re supposed to and not a penny more.
Do you recommend a certain payroll service?
Bookkeeping Unlimited partners with several payroll services both locally and nationally recognized services. We research the best fit for your company based on pricing, security, and cutting-edge technology.
We analyze your needs and make our recommendation based on a service’s functions and features, usability, price, and how well it integrates with your other software and tools. Once you choose the best service for your company, we help with onboarding, training, and making sure the software is installed correctly and integrating with your other tools and banking applications.
Do your outsourced payroll services include maintaining compliance?
Compliance is just as important as getting payroll out on time. As a business owner, you have to comply with a multitude of state and federal laws that apply to payroll and payroll management.
Our decades of experience handling payroll for hundreds of companies across a broad range of industries means we know how to make sure your company is complying with all applicable laws. Also, we keep up with the many changes to compliance laws every year so you don’t have to.
Broadly speaking, payroll compliance for small businesses includes:
- Meeting wage and hour law requirements
- Paying employees on time.
- Withholding taxes
- Withholding child support or garnishments from wages
- Reporting withholdings
- Ensuring new employees are eligible to work in the U.S.
- Apply pay policies
- Accurately apply exemptions and employee classifications
- Accurately pay worker’s compensation and file correct forms
- Calculate Fair Labor Standards Act (FLSA) overtime
- Administer FMLA and company leave policies
- Ensure pay equality
- Maintain accurate and up-to-date records
At Bookkeeping Unlimited, we implement and manage compliance calendars for each of our clients to ensure that you meet all of your compliance deadlines throughout the year. Accurate payroll compliance is crucial to avoiding audits, wage and hour lawsuits from workers, or allegations of pay inequality. Federal payroll compliance-related lawsuits brought by the Equal Employment Opportunity Commission cost employers $126.7 million in 2018.
Outsourcing your payroll services and payroll compliance to our experienced team is your best defense against being audited or having a lawsuit brought against your company.
Get a FREE bookkeeping consultation and find out how much time and money you can save when you outsource your payroll to Bookkeeping Unlimited’s team of experts.
Making sure your payroll is done on time and accurately requires a significant amount of time and expertise. As a business owner, your time is too valuable to spend hours every week doing payroll, making sure all taxes are paid, and doing everything else you need to do to stay in compliance. You have everything to gain by signing up for our FREE bookkeeping consultation.
Valued at more than $500, our bookkeeping consultation includes a review of your books and an analysis of your bookkeeping needs that includes customized digital bookkeeping solutions that will help your business succeed now and in the future.
This obligation-free consultation will show you how we can help you save money, spend more time running your business, and improve your bottom line. Sign up for a FREE consultation today to get bookkeeping that works for you.