Payroll Only Service

Core Features of Payroll Only Service:
Payroll Processing:
Calculation of employee wages based on hours worked, salaries, overtime, bonuses, and commissions.
Application of tax withholdings and deductions (federal, state, local taxes, Social Security, Medicare,
etc.).
Direct Deposit:
Issuing direct deposit payments to employees' bank accounts.
Providing physical paychecks if necessary.
Tax Filing and Compliance:
Preparing and filing payroll tax returns (quarterly and annual).
Ensuring compliance with federal, state, and local payroll regulations.
Managing year-end tax forms such as W-2s and 1099s.
Payroll Reports:
Generating detailed payroll reports for management review.
Providing reports on earnings, deductions, taxes, and other payroll-related metrics.
Employee Self-Service:
Offering an online portal for employees to access their pay stubs, tax documents, and update personal
information.

Record Keeping:
Maintaining records of all payroll transactions and employee payroll data for required retention periods.
Benefits of Using Payroll Only Service:
Accuracy and Compliance: Ensures accurate payroll processing and compliance with complex payroll
laws and tax regulations.
Time and Cost Efficiency: Frees up internal resources, allowing companies to focus on core business
activities rather than administrative payroll tasks.
Scalability: Easily accommodates the growth of a business, including changes in the number of
employees and payroll complexities.
Data Security: Protects sensitive payroll data with robust security measures and compliance with data
protection regulations.
Ideal for:
Small to Medium-Sized Businesses (SMBs): That may not have the resources to maintain an in-house
payroll department.
Startups: That need to streamline operations and focus on growth.
Non-Profit Organizations: That require efficient payroll management without extensive HR functions.
How to Choose a Payroll Only Service Provider:
Reputation and Experience: Look for providers with a proven track record and positive customer
reviews.
Technology and Features: Ensure they offer user-friendly technology, reliable customer support, and the
specific features your business needs.
Compliance and Security: Verify that the provider follows all regulatory requirements and has robust
security protocols.
Cost: Consider the pricing structure and ensure it fits within your budget without hidden fees.
By outsourcing payroll functions to a dedicated provider, businesses can streamline their payroll
processes, reduce errors, and ensure compliance with relevant laws and regulations.