Payroll services provide one alternative to one of the biggest
headaches for most small business owners, managing their payroll
and the forms and deposits that go with it.
Payroll services monitor employment and payroll laws, often
bring in experts when there are questions about new laws such as
the recently passed overtime changes.
Payroll services are just
one step short of Human Resource (HR) Management.
When you subscribe to a payroll service, you still remain
the employer of those that work for you.
Itís just that the payroll services manage the day-to-day
operations of paying your employees and keeping you out of trouble
with the various tax departments.
You can often find payroll services for a cost of
between $2-10 per employee for small businesses per transaction.
Therefore, if you pay weekly, your gross transaction costs
will cost you twice as much as if you pay every other week.
Be sure to shop around for prices.
Payroll services typically
provide the following services:
processing which includes calculations of the paychecks,
management of the data, withdrawal of payroll funds from your
account and summary information for you.
In many cases, you can view this information online as
and Form 1099 processing and administration at the end of the
signing and stuffing, ready for handing out to your employees
service to your door
deposits to your employees bank accounts