Choosing An Online Payroll Service - PowerPoint PPT Presentation

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Choosing An Online Payroll Service

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Have you just started your own business and are about to take on a set of employees, or perhaps you’re the owner of an established business but are struggling to keep on top of your payroll? Whichever applies to you, here is a short guide to choosing an online payroll service that will do everything you need it to: – PowerPoint PPT presentation

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Title: Choosing An Online Payroll Service


1
Choosing An Online Payroll Service
2
  • Have you just started your own business and are
    about to take on a set of employees, or perhaps
    youre the owner of an established business but
    are struggling to keep on top of your payroll?
    Whichever applies to you, here is a short guide
    to choosing an online payroll service that will
    do everything you need it to
  • What is an online payroll service?
  • Operating in the virtual cloud, online payroll
    services allow business big and small, to manage
    and operate their payroll from anywhere in the
    world. Of course, your full and part time staff
    can be paid this way, just as any contract or
    freelance workers that you engage with, can.

3
  • What services do online payroll services offer?
  • Payroll processing
  • An online payroll service will automatically
    calculate the wages of each employee, every pay
    period. The service accounts for differing shift
    patterns, overtime, taxes and holiday pay, along
    with Social Security and any other benefit
    deductions. Payments are then made to employees
    by direct deposit or check.

4
  • Filing and paying payroll taxes
  • Most online payroll services are capable of
    withholding employee taxes, filing quarterly
    payroll tax reports and even pay taxes to the
    relevant state and federal agencies. They can
    also issue W-2 and 1099 forms to employees at the
    end of the year.
  • Integration
  • If your business is already using payroll related
    systems like accounting or human resources
    software, or even a time and attendance system,
    an online payroll service can happily integrate
    with them, making life even easier for the
    business owner.

5
  • Employee self service
  • In general, employees are given access to the
    online payroll system to view pay stubs, end of
    year tax forms and PTO balances.
  • New intake reporting
  • Most of the payroll services operating online
    will report any new staff that you employ to the
    government, on your behalf.

6
  • Managing vacation and sick hours
  • Any online payroll service worth its salt will
    keep an accurate record of vacation and sick
    hours that employees have built up, and keep
    track of how much theyve used, to avoid costly
    mistakes for business owners or disgruntled staff
    disputing how many of these days theyve earned.
  • Payroll reports
  • Detailed and accurate wage and labor reports
    should be provided by any good online payroll
    service, enabling business owners to have a
    deeper insight into how their business is
    functioning.

7
  • Access from a mobile
  • To keep up with the latest technology, modern
    online payroll services will have an app or a
    mobile friendly website that allows business
    owners to manage things from wherever they happen
    to be, and on whatever device or mobile platform
    they happen to be using.

8
  • What are the advantages of using an online
    payroll service?
  • Speed and ease
  • The main advantage of using an online payroll
    service means that payroll can typically be run
    in a matter of minutes, and will include all the
    work that you would otherwise had to have
    completed yourself, such as payroll calculations,
    payroll tax payments and end of year tax forms.
  • Using an online payroll service gives you peace
    of mind in so many ways, but saving you time and
    effort is surely the greatest advantage.

9
  • More security
  • Often, an online payroll service is more secure
    than an in-house payroll management system, and
    better at keeping up to date with state and
    federal rules and regulations, and ensuring that
    you comply with them.
  • Money saving
  • You will of course have to pay for an online
    payroll service, but it means that any employees
    previously working in payroll, would be free to
    work in other areas of your business, preventing
    you from having to take on new staff and perhaps
    even increasing efficiency.

10
  • Apollo Payroll is one of the premier small
    business payroll services companies in Coral
    Gables, Miami. 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
    online payroll services, employee background
    check and employee timekeeping services.
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