subject: Choosing the Right Payroll Service Provider [print this page] Choosing the Right Payroll Service Provider
Choosing the right payroll service provider is one of the vitally urgent tasks for a company, as it helps streamlined payroll administration, which leads to satisfied staff and legal compliance. This leaves you to focus your resources on your core tasks. The payroll services provider, which is basically a PEO, helps you cut costs by taking care of your important but non-core HR responsibilities.
Efficient and Comprehensive Payroll Services
The PEO or Professional Employer Organization provides cost-effective and flexible payroll administration solutions that are comprehensive and include the following:
Administration of paychecks and stubs
Direct deposit to multiple bank accounts
Payroll delivery
Payroll checks drawn on Kruse account
Section 125 pre-tax administration
Payroll deductions, garnishments and levies
Flexible spending accounts
Federal and State payroll tax deposits and returns
FICA, FIT & SIT tax withholdings
Customized reports
Job cost accounting and cost allocation reports
FICA, FUTA, SUTA quarterly reports
New hire reporting
Federal payroll summaries
Production and delivery of W-2s
Wage/hour law compliance
Paid leave program management
Vacation & sick time accruals
Department summary
Catering to multiple worksites
Choosing the right payroll service provider will ensure that you receive cost and resource savings from outsourcing. It will also ensure that there actually is efficiency in the services provided and that it isn't all talk but no action.
The PEO that offers payroll services is also capable of offering other HR outsourcing solutions that will contribute to even greater resource savings for your organization, whatever be its structure, nature of business and size. It all begins with choosing the right payroll service provider.
