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Thinking of Outsourcing Payroll? Understand what Payroll Preparation Services Can Deliver
Payroll service companies do more than just process payroll. In fact, some payroll services companies can deliver almost all human resources functions. Here we focus on all the elements that companies might want to consider when selecting a vendor to handle payroll, excluding full HR services.
Its About Time: Preparation and Processing
When employees work away from a corporate office or are not paid by the hour, their time on the job must still be reported. Some payroll companies have developed sophisticated software applications that enable employees to report their hours by phone and the Internet, eliminating the need for paper timecards and streamlining the process of gathering timecard information.
Payroll Means Taxes: Keeping Straight with Uncle Sam
Payroll Preparation on Time and on the Money
Preparation Service Involves Speed and Need
Direct deposit is another option that employers and employees have come to expect. When evaluating payroll services, the ability to offer direct deposit is an important criterion. For companies with international employees, whether those employees live abroad or locally, wire service remittances and prepaid debit cards might also be worth considering.
Considering Related Services
Integrated Payroll Preparation Ties it All Together
Knowing what services payroll preparation companies can provide will help you select the one that meets your needs now and in the future as well.