Tailored Payroll Services For Growing Businesses
As soon as you hire your first employee, you have to be concerned about accurate payroll processing. This often requires staying ahead of changing tax matters and managing common employee concerns. As your Bucks County business grows, doing your payroll in-house can mean additional staff that doesn’t necessarily help increase your sales or help your profit margins. An outside payroll service can take care of the many details of your payroll and employee benefit issues efficiently, so you can concentrate on other aspects of your business. At Doherty & Associates, we can tailor our payroll services in Montgomery County, PA or Bucks County to the individual needs of your business.
Focus On Growth While We Handle Payroll
Proper in-house payroll administration requires a significant concentration of resources and equipment, time and personnel. A variety of different payroll management software programs, and you must train staff on the particular software. Payroll tasks require dedicated staff to maintain records and run reports. You must collect relevant information on employees, work hours, salaries, benefits and taxes and maintain good records. Payroll calculations must be done periodically, being mindful of changes in tax tables, employee salaries and other matters. End-of-year tax information must be provided for employees. All this means less time and resources available for revenue-generating activities throughout the year that help to grow your business. Along with payroll support, many businesses also benefit from professional bookkeeping in Conshohocken to maintain accurate financial records and streamline reporting. That’s why many businesses find it advantageous to outsource their payroll administration to companies that specialize in these services.
Doherty & Associates understands that leading a company requires juggling a variety of matters that directly affect your ability to serve your customers and improve your bottom line. Routine administrative issues can divert your attention from more critical tasks and cause you to lose time and focus. We can create a payroll system that serves your company’s unique needs while providing accurate reports that help you understand your current payroll spending, as well as allow you to plan more accurately for the future. As your Bucks County business grows, so do your payroll administration needs. We can provide the additional services you may be required to provide for your growing workforce.
Payroll management involves many different tasks. Timesheets must be reviewed and approved. Overtime, if provided, must be calculated. Payroll taxes must be withheld and recorded. Other deductions, such as 401K contributions and other benefits must be recorded. Sick pay, personal days and vacation time must all be carefully documented. Tax deductions must be deposited on specific schedules. End-of-year tax information must be created and distributed. And all these records must be stored in case of future reference. A payroll service can provide all these actions, without your Bucks County company having to maintain in-house staff.
Professional payroll administration can also help to make your company a more desirable place to work, giving workers direct access to their payroll information and paid-time-off data, retirement contributions and withheld taxes. These conveniences can allow them to make better decisions for their own financial well-being, reducing turnover and increasing retention rates in the workplace. Well-managed payroll services not only help Bucks County business owners manage their companies more efficiently. They help employees manage their personal finances more effectively, as well.
How Often Can Payroll Be Processed (Weekly, Biweekly, Monthly)?
- Payroll can be processed on several schedules: weekly, biweekly (every two weeks), semi-monthly (twice a month), or monthly, depending on business needs.
- Weekly payroll is common in industries like construction or food service where employees expect frequent pay.
- Biweekly is the most popular for many businesses, offering a balance between cost and employee satisfaction.
- Monthly payroll is less frequent and often used for salaried positions to reduce administrative work.
Local Payroll Experts Supporting Your Success
Your outsourced payroll services offer many advantages over in-house administration. Your payroll service is always on duty, with no gaps when staffing problems, vacations, illnesses and other events interfere with normal payroll tasks. A reputable payroll service company can provide information directly to workers, through employee portals, so they can have access to their payroll information, wages and salary information, tax deductions, available vacation days and other data. This benefit can often help to improve employee satisfaction and reduce worker turnover. Because payroll is managed seamlessly, Bucks County business owners can focus their energy on increasing sales, lowering costs, monitoring competition, extending marketing efforts and maximizing profits.
Our payroll system can provide timely reports to make sure you understand your current payroll costs, so you can budget accurately for future growth. You don’t have to deal with IT problems related to doing payroll, because these are all managed by the service. Updating tax tables and changes in tax deposit systems and procedures are handled by your outside service. Tax deadlines are handled automatically, so you can concentrate on increasing the efficiency of the day-to-day operations of your Buck County business. End-of-year tax forms are provided without interfering with the normal daily scheduling and routine operations of your company. Partnering with a payroll provider that also offers tax services in Montgomery County can simplify year-end reporting and reduce the risk of costly compliance errors.
Maximize Efficiency With Professional Payroll and Business Services
Professional payroll services can also provide other important activities that help you manage your business more efficiently, such as bookkeeping, business consulting, tax preparation and personal finance management advice. This one-stop shopping for business financial services offers increased convenience that can help you save time and money. Your information is readily available and on-site, to allow easy access for improved financial advice and planning.
A professional payroll service should grow with you as your Bucks County business grows. They should be able to provide a number of services as you add to your workforce and your benefits. Because they specialize in producing accurate payroll data, your business planning should be easier to help your company thrive as you move into the future. In addition, your payroll company helps you manage tax matters properly, saving you both time and money. Learn about the many benefits of outsourced payroll administration. Contact Doherty & Associates today for a consultation on payroll services that can maximize the efficiency of your Bucks County business!
