What is Payroll Management?
A business manages its payroll like employees’ salaries, processed payments, tax relating to payroll, and hourly wages through payroll management. This process also includes particular instances such as the administration of bonuses to employees. It is mandatory by the regulatory bodies and government to have the payroll record and submit it on time to the state. According to legal requirements, the payroll tax record must be maintained for at least four years after the tax is due or paid.
A company of more than a staff must have an all-inclusive payroll for effectively managing the financial activities. The critical role of payroll management services is to help companies pay staff wages and salaries in a timely manner. Apart from making sure of timely payment to staff, the other essential role of payroll management is to keep track of social security, income tax, and unemployment tax.
- It contains a company's compensation policy, which may include deductions, bonuses, and leaves.
- Provides the detailed pay-slip, which includes a detailed breakdown of salary or wage.
- Used for salary and wages payment.
- Involves tracking of payroll-related inputs.
- Used to control actual compensation.
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CPA CLINICS eliminates the burden of payroll administration and provides customized payroll solutions to suit your business needs. Would you like to save money and avoid unnecessary stress? Worry no more, CPA CLINICS offers affordable quality services to companies ranging in size from small home-based businesses to Fortune 500 corporations.
Contact Us TodayWhy Hire CPA CLINICS As Your Payroll Service Organization?
CPA CLINICS divided the entire process into three main stages. Each stage is connected with the previous and communicated to the next one. We made our payroll management service a circle that will keep addressing our client’s requirements the entire month.
The payroll management progression comprises vigilant and scrupulous planning – an ongoing review of changes to particulars involving employees concerning payments, deductions, and other financial payments. Our payroll management procedure is divided into before, during, and after segments.
Before Processing
Several aspects are well-thought-out, which include bonuses, benefits, and leaves. The ascertainment of these factors is based on the consent of the company. Small companies' payroll generation is affected by a few factors. However, it takes a lot of hard work and processes to ease the entire process based on the size of the business
During Processing
All the verified data is used; we involve deductions, calculations, bonuses, and taxes. Authentication and substantiation of all amounts are done to guarantee accuracy and avoid mistakes.
After Processing
All deductions are made here. The total capital budget in the prior stages on the payroll is distributed through the applicable payment channels.
Full-Service Payroll Management Company Helps You Maintain Records.
As a full-service payroll management company, we know the government and regulatory bodies requirements, and we incorporate and record all the details altogether. We record everything:
- Name, address, and Social Security number of each employee
- Amount and date of each payment for compensation
- Amount of wages subject to withholding in each payment
- Amount of withholding tax collected from each payment
- The reason why the tax base is lower than the total payment
- Statements relating to employees' nonresident alien status
- Market value and date of non-cash compensation
- Information about payments made under sick-pay plans
- Exemption certificates
- Agreements regarding the voluntary extra withholding
- Dates and payments to employees for non-business services
- Statements of tips received by employees
- Requests for different computations of withholding taxes
Social Security (FICA) Tax Records
- Amount of each payment subject to FICA tax
- Amount and date of the FICA tax collected on each payment
- The explanation for any difference
Federal Unemployment Tax (FUTA) Records
- The total amount paid during the calendar year
- Amount subject to unemployment tax
- Amount of contributions paid into the state unemployment fund
- Any other information requested on the unemployment tax return
OUR PAYROLL SERVICES
SAVE YOU TIME AND MONEY
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EMPLOYEES HAVE TO BE PAID ACCURATELY AND TIMELY, ALONG WITH TAX DEDUCTIONS, COMPLIANCE, AND REPORTING. THIS IS A HUGE TASK FOR BUSINESS OWNERS AND ISN’T HOW YOU SHOULD BE SPENDING YOUR TIME.
Payroll
Full-service payroll across all 50 states. Save time and money with fast, reliable, convenient, and accurate payroll services.
Electronic Tax Filing
We electronically file federal, state, and local payroll tax forms on your company’s behalf (includes Form W-2, Form 1099, Form 940, Form 941, Form 6765 and 8974, and others).
Data Entry And Migration
Accurate and timely data entry and migration in books, along with reconciliations.
Service Price Of $3 / Month Per Employee
Once You Purchase Any Payroll Software
All-Inclusive – No Hidden Service Charges
Have You Heard Of Such Low Payroll Service Provider Price?
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WHY CHOOSE US?
Amongst The Lowest Priced Payroll Service Provider
Payroll is a critical job. Hire our payroll services and be confident because we will manage everything for you and at an unbeatable price.
CPA CLINICS gets your employees paid accurately and on time. We help clients manage and streamline complex payroll processing tasks – from complete payroll preparation and administration to services such as:
- Data Migration
- Departmentalized Payroll
- Tax Withholdings and Filings (Federal, State, and Local)
- State and Federal Unemployment Insurance
- Direct Deposit
- W-2 and 1099 Preparation and Distribution
- Quarterly and Annual Reporting
- Garnishments
- Drake Software and Secure Portal
- QuickBooks Payroll Management
- Employee Paystubs (Online Access)
- Premium Support
- Compliance
Satisfaction guaranteed
With us, you get 100% personalized services that are catered especially for you.
Connected Dedicated Staff
We are just a call away. Call us and discuss the payroll services you are looking for.
100+ Years of Experience
We have 100+ years of collective experience and have worked with several small-medium businesses and Fortune 500 companies.
Payroll Management FAQ'S
Payroll Management Services include employee salaries, hourly wages, processed payments, and payroll-related taxes. It also monitors bonuses and special instances related to payments to employees.
A payroll service includes calculating employee salaries and tax obligations, delivering checks, and reporting. Payroll services can also provide services like automatic check signatures and direct check deposits.
In a nutshell, the payroll management process refers to the employee’s financial record administration; this includes employee’s details such as salaries, incentives, deductions, net pay, and bonuses.
Payroll management services cost varies from company to company. CPA CLINICS provide payroll management services at $3/month per employee. Cost of software is not included in this price.
Consider hiring Payroll Management Services even if you have only one employee. You need the payroll services to manage checks, pay your employee in time, and maintain the record.
What You Get When You Hire
CPA CLINICS
As Your Payroll Service Provider?
Award-Winning Payroll Service
Get award-winning payroll services from CPA CLINICS.
Experienced Staff
Experienced staff is available for you.
Strategic Initiative Support
Get our strategic accounting services to guide your employee pay structure as well as 401K & retirement. Take maximum benefits from our HR payroll experts’ team.
In-depth Reporting
Get in-depth reporting from our experts and start saving your time and money.
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