Payroll Accounting Services
Payroll is a very important part of business . Without proper payroll you will not have employees, without proper payroll processing you will find it very difficult to pay yourself , manage, and maintain proper tax preparation.
It is important to have someone that is trained and certified in the day to day procedures, management, direction, and processing of payroll. A common conception is payroll consist of only printing checks but a true business person knows there is much more than that and so little time to complete this huge task. So maybe you are asking yourself what is envolved in payroll other printing checks.
First, you have to find a system to monitor and track the time of your employees. You have to decide if that system will be electronic or manual. You know manual...you still enter your time into a printed timesheet. Electronic processing you have a time clock or a kiosk machine and your employees can log in and out to track time.
Second, gather all time cards or electronic entries and forward to manager, ect to verify the hours reported by the employee is correct. You will have to make corrections and changes if the hours taken are not correct.
Third, you will need a make all the calculations for pay, minimum wage, additional payments. All payments but be within the guidelines for federal and state laws. This means you will need to be abreast of the most recent laws.
Fourth, you will have to make all deductions and tax calculations. You will have to submit the payments once the payroll is complete.
This is just the tail end of the process...I didn't mention setting up the employees in the system and maintaining employee information for personal and payroll. Also learning the software and contacting various agencies.
With all this in mind who has the time??? You have a business to run and the operations and customer service should be your focus. That's why B&P Accounting Solutions, Corp is here! We step in to help shield you from the rain of payroll and taxes. We handle the full processing from beginning to end. We maintain all employee information. We stay abreast of the latest payroll and tax laws. We make sure our employees participate in Continuing eduction and earn certification. This benefits our customers because the more we know the more you know.
Call us today to get started!