Working on payroll is a time-consuming task that business owners often struggle to fit into their daily responsibilities. It entails much more than simply cutting checks every pay period. This is where professional payroll services prove how valuable they can be. These companies relieve business owners of all payroll-related processes, so they can focus their efforts on growing the company’s bottom line. Here are some of the duties these services typically handle. 

What Do Payroll Services Do?

Manage Payroll 

These companies take care of all tasks involved with payroll processing. This may include setting up and making adjustments to direct deposit accounts, generating and distributing payroll records to employers and employees, implementing automatic check signing, and overseeing check stuffing. They will also ensure compliance with all state and federal laws governing payroll. 

Tax Administration & Compliance 

Payroll services will generally help calculate payroll taxes, make sure all the proper deductions are taken, and process 1099 forms. They also ensure compliance with required employee benefits, such as workers’ compensation, and state employment and unemployment taxes. 

Monitor Employee Hours 

Many payroll companies will make it easier to monitor employee attendance and time spent at work. They may offer punch-in or clock-in systems, secured badges, or fingerprint scanners. Whatever the method, this will keep an exact record of on-the-clock time for every employee, allowing payroll services to catch anyone trying to report more hours while saving employers from overspending.

Professional payroll services can benefit businesses of any size. If you need a reputable company to help streamline your business’s payroll processes, contact Imperial Agency. Since 1996, they have offered businesses throughout Garfield, NJ, superior payroll solutions. They specialize in a variety of services designed to provide employers with efficient and accurate pay procedures while minimizing liability concerns. Call (973) 546-9567 or visit them online to learn more about how they will assist your company.