A Checklist for Small Businesses: Ensuring Accurate Payroll
As technology continues to advance, payroll service providers have transformed basic administrative functions into value-added employee experiences. If you are a small business owner paying employees on your own or working with an accountant, you may not be aware of the benefits of outsourcing payroll. Top providers today offer features such as employee self-service, mobile access, time and attendance integration, payroll tax management, and electronic payment options.
Markond’s payroll checklist offers a comprehensive guide to the latest payroll software capabilities to help you evaluate vendors. By finding a payroll service provider that can handle all your needs, you can focus on growing your business and your profits.
When comparing payroll services or evaluating vendors, here are some of the core features you should expect and look for:
- Payroll processing, calculations, and delivery of employee pay
- Payment options such as paper checks, direct deposit, and mobile payment
- 24/7 access to payroll support specialists
- Employer payroll tax withholding and payment, wage garnishment processing, and guidance on payroll deductions and compliance
- Support for new hire reporting, Form I-9 and Form W-4 paperwork, and online employee self-service
- Mobile access for employers and employees
- Reporting across all aspects of payroll processing and integration with related functions such as 401(k) and benefits to prevent redundant data entry and reduce errors
Markond offers flexible and affordable small business payroll processing services that can save you time and help you comply with regulations, along with a suite of HR features.
Please note that this information is for educational purposes only and should not be taken as tax or legal advice.