6 Burdens A Payroll Service Can Relieve Employers Of - PowerPoint PPT Presentation

About This Presentation
Title:

6 Burdens A Payroll Service Can Relieve Employers Of

Description:

Employees need to be paid, no matter how busy you are as the owner of a company, and no matter how many employees you may have. And as no business can function without them, ensuring that employees are paid accurately for the work they’ve carried out for you, and in a timely manner, is absolutely imperative. – PowerPoint PPT presentation

Number of Views:2
Slides: 9
Provided by: RalfHeyer
Category: Other
Tags:

less

Transcript and Presenter's Notes

Title: 6 Burdens A Payroll Service Can Relieve Employers Of


1
6 Burdens A Payroll Service Can Relieve Employers
Of
2
  • Employees need to be paid, no matter how busy you
    are as the owner of a company, and no matter how
    many employees you may have. And as no business
    can function without them, ensuring that
    employees are paid accurately for the work
    theyve carried out for you, and in a timely
    manner, is absolutely imperative.
  • It's also important that payroll meets both state
    and federal government regulations, and what may
    seem like a simple task every pay period, can
    actually become pretty complex and longwinded.
    Fortunately, outsourced HR services are a
    fantastically cost-effective solution for
    businesses struggling to fulfil their payroll
    requirements, and below are just 6 of the many
    burdens they can relieve you of

3
  • 1. Payroll taxes
  • The majority of full-time salaried employees must
    pay income tax to the federal government, and
    this is typically withheld on their paycheck to
    be given automatically. Many small businesses ask
    their employees to complete a W-4 form so that
    their taxes are not automatically withheld.

4
  • 2. Garnishment of wages
  • From child support and tax payments to court
    orders, there may be a variety of reasons why any
    one of your employees has part of their wages
    garnished, and depending upon the individual and
    their circumstances, this can become complex.
    However, no matter their complexity, wage
    garnishment orders must be complied with, often
    making the payroll process longwinded and
    confusing.

5
  • 3. Payroll options
  • Your employees may be paid using a variety of
    methods, and while a direct deposit system via
    ACH is a popular choice, this might not be
    available to all of your employees. Whatever your
    preferred method of payment may be, you still
    have to take into account the needs and wishes of
    your employees, and finding a balanced system
    that works for everyone, isnt always easy.

6
  • 4. Varying pay
  • While some employees may receive exactly the same
    paycheck, at exactly the same time every week or
    month, it may not be the case for others. You may
    have employees who are paid by the hour, or who
    receive a different pay scale for different tasks
    theyre asked to complete, and then there are
    commission based employees, and over time rates
    must also be accounted for.
  • 5.Employee benefits
  • If you have employees that are involved in a
    matching retirement or health insurance program,
    then they may choose to put a percentage of their
    pay into this account as and when they please,
    further complicating their paycheck.

7
  • 6. State tax
  • If you have multiple remote employees living in
    multiple states, their payroll must be adjusted
    in accordance with state tax requirements, and
    this can be extremely burdensome.
  • As you can see, there are a whole host of
    considerations to make and adhere to when
    calculating and issuing paychecks as a business
    owner, and the consequences of getting it wrong
    can be far greater than merely a disgruntled
    employee. To make sure payroll is always
    calculated and issued accurately, on time and in
    compliance with all relevant regulations, work
    with an experienced HR service provider.

8
  • Apollo Payroll is dedicated to delivering expert
    advice, responsive service, and highly accurate
    payroll processing and reporting to ensure the
    success and growth of the business that we serve.
    Our services include comprehensive payroll
    services in Homestead and other cities in
    Miami-Dade County, employee background check and
    group health insurance in Miami Coral Gables
Write a Comment
User Comments (0)
About PowerShow.com