Payroll Processing Services

What you should keep in mind when shopping for Payroll Services:

Basic payroll processing services include calculating paycheck and tax obligations for each employee, printing and delivering checks, and providing management reports. Paychecks can be issued on a weekly, bi-weekly, monthly, semi-monthly or yearly basis.

For larger companies with more complex processing needs, some payroll providers offer HR software systems that track employee benefits information in addition to regular payroll data.

Many payroll services offer the option of filing state and federal payroll taxes for your business. This can be a great feature given the fact that the Internal Revenue Service has reported that one out of every three employers has been charged for a payroll mistake, with total penalties reaching into the billions of dollars.

Keep in mind that many companies will not calculate local or city payroll taxes. Make sure to inquire about this if it is a significant issue for you.