The business environment is very competitive these days, and business owners must dedicate all their resources to competing with businesses in the industry and leading the niche. This means several processes and, most importantly, the payroll process will get disturbed as the business owner will not have time to dedicate to them with complete seriousness and attention. The first solution for payroll processing is outsourcing the entire payroll management to payroll bureaus.

The best thing about these service providers is that they offer many services to keep your payroll process management a breeze. They provide specialised solutions for businesses of all shapes and sizes and ensure that the payroll process complies with relevant laws and rules. This saves time, reduces errors and enhances the business's overall efficiency by managing its overall payroll process management. For this, they offer a wide range of services, and we look at some of them in this article.

WHAT PAYROLL BUREAU SERVICES TO EXPECT?

These service providers offer a wide range of services with the help of skilled payroll processing professionals and payroll bureau experts. The primary services provided by a payroll bureau are discussed here.

PAYROLL PROCESSING

The experts will calculate how much employees should be paid each pay period. They will account for wage rates, shift differentials, overtime, holiday pay, taxes, social security and benefit deductions. Once everything is aligned and calculated, the payroll bureau experts credit the payment directly into the employee's bank account.

FILING AND PAYING PAYROLL TAXES

A very important part of payroll bureau services is filing and paying payroll taxes that are often filed quarterly. They are responsible for paying your tax withholdings while complying with local, state and federal agencies. They also issue employee forms at the end of the year and ensure error-free services. If any mistake is made, the payroll bureau experts will eradicate the errors and pay fines or interest.

NEW HIRE REPORTING

Several payroll bureaus in Australia also offer reports related to new hires to the government on your behalf. This is an important service as governments often want to record the number of jobs given across the nation.

INTEGRATIONS

They are also involved in integrating with various payroll programs that businesses already use. This means they will properly coordinate with in-house accounting software, time and attendance systems and human resource software.

PTO MANAGEMENT

One of the most essential payroll bureau services is PTO management or PAID TIME OFF management. Payroll bureau experts track how many vacations and sick hours the employees have earned and how many are used or still pending. They even facilitate the time of request and approval process.

EMPLOYEE SELF-SERVICE

The payroll processing experts allow employees to access the online system as a part of self-service to view their payroll processing. Employee's self-service means by logging in to the online system, employees can view their pay stubs and PTO balances and fill year-end tax forms right from there.

ACCESS THROUGH MOBILE

Employees can access their payroll bureau services through the bureau's mobile app or mobile-friendly website. This means they can manage and run payroll processing from their smartphones or any handheld device with a high-speed Internet connection.

PAYROLL REPORTS

Experts of payroll bureau services offer detailed payroll reports that include details for the employer's database. These reports often include detailed wage and labour reports to allow employers to have a deeper look of how employees are performing and how the business is being handled. The most significant benefit of payroll bureau services is that they can handle any company's payroll and tax-related work. With these services, the payroll will be managed by third-party service providers accurately and without giving you any stress at all.

The service provider chosen for this can be very decisive, and hence, you must look for some unique features. You are free to ask your service provider about their track record and experience they hold in payroll processing. You must confirm their expertise and ensure that a dedicated support team is there to contact you anytime. They should also offer additional services, including human resources, benefits and retirement plan administration. While interviewing, you can ask the following questions to the shortlisted payroll bureaus.

  • How often are its tax tables updated for compliance?
  • Does it have other clients in your industry?
  • Can it integrate with your employee benefits offerings?
  • How will it handle your business as your company grows?
  • What security measures are in place to keep your company's payroll data secure?