Payroll processing service:
Payroll is an important business function to manage employees or staff in an accurate and timely manner. Though it looks simple as making payments, what about loans, advances, reimbursements and leaves, and other HR components while managing the salary structure? On top of that will we be able to comply with statutory and tax obligations? Handling all this will occupy your ample amount of time. Here, you can consider a payroll service organization to manage your payroll.
Best Payroll service organization to rely on:
Penthers provides a comprehensive payroll service with the best accounting software and tax service. We have a professionally qualified team of CPAs, EA, and accountants having experience in handling payroll services. We are here to provide end-to-end payroll accounting.
How outsourcing to a payroll service organization helps?
Why should you outsource payroll? You can have your in-house payroll management. We provide the best reasons for outsourcing a payroll service organization.
- Increased Productivity: In-house payroll processing is a routine tedious task and time-consuming process. While managing payroll, significant labor hours are spent tracking benefits, deductions, new appointments, termination, leave, paid-off time, and worksheet preparation. Moreover, payroll processing must be accurate, on time, and in tandem with state and federal regulations. Outsourcing payroll processes to organizations like us can save costs and increase the productivity of your employees. Let your employee focus more on business and leave payroll to us.
- Cost reduction: For small and medium business owners having a robust payroll department can be too much costly. For them outsourcing payroll to a payroll service organization will reduce cost plus they can avail the service of qualified experts at an affordable price.
- Enhanced security: Payroll processing is a complicated and risky business affair. Even with trusted employees handling, there is a risk of theft, embezzlement, and mishandling of company documents. Outsourcing payroll processing eliminates such risks and keeps your data safe and secure. The payroll service organization ensures data encryption and has a firewall to give clients enhanced security.
- Bundled experts: Big businesses have several sub-departments to handle HR and payroll processing such as the benefits department, work compensation experts, HR experts for HR functions, and payroll processing. Outsourcing provides your bundle of professional experts at a budget-friendly cost without spending huge money on maintaining the in-house payroll department.
Save your time with Penthers’ payroll service:
Our end-to-end payroll accounting service will save you time with these features:
- Payroll Administration
- Monthly processing of salaries, reimbursements, and arrears
- Form 24 Q Quarterly filing returns.
- Flexi benefits management.
- Payroll tax returns.
- Maintenance of time and attendance sheet.
- Filing and reporting of W2 and W4.
- Employee insurance deduction.
- Annual and Quarter tax reports
- Paperless direct deposit payments.
- Statutory Compliances.
- Form 16 year-end process.
- Payroll Compliances
- Delivery and processing of checks.