
Budgeting and Forecasting
Managing payroll operations to ensure employees are compensated accurately, on time, and in compliance with all regulations.
Payroll Processing
Calculating and processing employee wages, salaries, overtime, commissions, and bonuses while ensuring payroll runs smoothly on a weekly, biweekly, or monthly schedule. This includes factoring in shift differentials, holiday pay, and other compensation elements.
Tax Withholdings
Determining and withholding the correct payroll taxes at federal, state, and local levels, including income tax, Social Security, and Medicare. Ensuring timely remittance of withheld taxes to tax authorities to avoid penalties and maintain compliance.
Deductions Management
Managing payroll deductions for health insurance, retirement plans (401k, IRA), wage garnishments, union dues, and voluntary deductions. Ensuring accuracy and compliance with legal requirements when processing withholdings.
Pay Stub Distribution
Providing employees with detailed pay stubs outlining gross earnings, deductions, tax withholdings, and net pay. Ensuring digital or physical pay stubs are easily accessible for employee reference.
Direct Deposit Setup
Setting up and managing direct deposit payments for employees, ensuring seamless and secure electronic salary transfers. Coordinating with banks and payroll software to minimize errors and payment delays.
Compliance with Payroll Laws
Ensuring strict adherence to federal, state, and local payroll regulations, including the Fair Labor Standards Act (FLSA), tax laws, minimum wage requirements, and overtime pay rules. Staying updated on regulatory changes to maintain compliance.
Wage Audits
Conducting internal payroll audits to verify wage accuracy, tax compliance, and proper classification of employees. Identifying and correcting discrepancies to prevent legal issues or penalties.
Time Tracking Integration
Integrating payroll systems with time-tracking software to accurately calculate wages, overtime, and attendance. Ensuring that employee work hours are recorded correctly to comply with wage and hour laws.