Payroll Services

A basic payroll service will collect wage and hour information from the employer and use that information to calculate gross wages, subtract all pertinent withholdings and deductions, print checks, make direct deposits, and prepare all employment tax filings. The service will also mail out W-2 and 1099 forms and resolve any inquiries from the IRS or other government agencies.

Some payroll services offer more comprehensive help. They can take over responsibilities typically handled internally by human resources, like administrating a company’s retirement accounts and benefits programs. They can also file new employee forms with the state and help comply with court-ordered wage garnishment programs. Some payroll services even provide a free phone help line for any HR or payroll-related questions.

Modern Payroll Convenience

The Internet has made payroll services even more convenient. In the past, employers had to call the payroll service with wage and hour information for upcoming paychecks. Now, employers are given a secure web-based payroll account that can be updated 24/7. All they have to do is log in, enter employee hours, and the data is updated in real time. Payroll services also maintain detailed records of payroll information and provide access to reports, payment histories, and other features online.

Key Features

Basic Payroll

Calculate wages, manage deductions, issue checks, and handle tax filings.

Advanced HR Support

Retirement accounts, benefits programs, garnishment compliance, and employee onboarding.

Web-Based Access

Update payroll online 24/7, with real-time reports and payment histories.

Customer Support

Get assistance through dedicated help lines for HR and payroll inquiries.

Cost of Payroll Services

• Pricing depends on number of employees, pay periods per month, and level of service.
• A company with 10 employees paying twice a month may pay around $100 monthly for basic payroll.
• Upgraded services with direct deposit, online reporting, and phone help may cost up to $200 monthly.
• In general, costs are calculated per employee and per paycheck.

Conclusion

Payroll services simplify business operations by automating wage calculations, tax filings, and employee payments while providing HR support when needed. With web-based systems, businesses gain 24/7 access, accurate reporting, and time savings, all at a predictable monthly cost.