How Payroll Services Can Save Your Business

Payroll services are a necessary function for any business.  Setting up a payroll schedule is not only essential to make sure your employees get paid, but also to verify your business is compliant with all current payroll laws and taxes. However for a business owner, the processing of payroll can be an arduous and monotonous undertaking. 

Since all businesses are liable for employee taxes and must supply a year-end wage report to the IRS, it is imperative that the information be as current and accurate as possible. Immediate compliance with new regulations and keeping abreast of any changes in employee data is essential to avoid costly penalties or fees caused by filing late or inaccurate documents.  

All of this paperwork can be quite a headache for the average business owner. Having a third party process the payroll for your company not only saves you time and money, but alleviates the problem of penalties and late fees. 

At Nevada State Corporate Network, our payroll service provides your company with accurate and hassle-free preparation, tax reporting and filing of your federal, state and local payroll taxes. However, some local taxes may remain the owner's responsibility.   

Whether your employees receive a salary or an hourly wage, or are considered full time, part time or temporary workers, our payroll service provider will calculate the right amount of deductions for health coverage, retirement plan contributions and other benefits. 

Our payroll service can help your business improve productivity, find tax savings you might have overlooked and keep staffing information up-to-date.  

Obviously, it's important to keep this personal and private data safe and secure from identity thieves. Transmitting your payroll data via computer can be done by using a secure website or a secure sockets layer (SSL) web page. Both guarantee the security and privacy of sensitive data such as payroll information.  

Payroll services can also provide background checks for all potential employees and create an employee handbook for any new staff members of your company. 

To ensure that your business is fully compliant with all payroll laws and regulations, let the professionals at Nevada State Corporate Network provide your company with a payroll service that you can trust.

Nevada State Corporate Network Explains Merchant Accounts

It should come as no surprise that electronic transactions have become the most widely used method to pay for goods and services in the fast paced, digital world that we live in.  It is absolutely essential that merchants be able to accept credit and debit cards if they want to stay in business and having a merchant account makes that possible.   

Merchant accounts are simply banking accounts that are opened in the name of a business as a way to accept debit and credit card payments for products and services.  A merchant account will also allow your business to accept electronic checks, money orders, paper checks and traveler's checks. Certain devices are now available that make it possible for you to turn your tablet or smart phone into a portable cash register. 

As most customers tend to use their debit or credit cards to make purchases over the internet, today’s businesses must be able to keep pace. At Nevada State Corporate Network, we can help you set up and maintain a merchant account for the convenience of your business and your customers with built in safeguards for processing electronic payments that offer maximum protection from fraudulent activity. 

However, merchant account fees that are imposed by banks are often very high. Since banks must work with at least one of the major credit card companies, merchant accounts are usually marketed by an authorized bank agent or a processing agent.

To ensure the affordability of a merchant account for our clients, Nevada State Corporate Network searches for the most cost effective accounts with standard markup pricing that is clear and concise. We recommend banks that provide excellent customer service and a dedicated and knowledgeable staff to serve the needs of their customers. 

Nevada State Corporate Network will assist you in determining the type of merchant account that is most suitable for your business. 

• An internet merchant account is designed for an e-commerce business whose customers mainly shop over the internet. 
• Telemarketing and travel merchant companies are examples of high risk businesses and warrant a high risk merchant account.
• For merchants with customers that primarily deal with international stocks, an offshore merchant account would be appropriate.

Merchant accounts are freely available online, but beware of scam artists trying to make a quick buck. Some companies may have hidden charges such as charge-back fees, customer service fees, cancellation fees, annual fees, and other deceptive features that can add up quickly and reduce your profits. 

Nevada State Corporate Network verifies all merchant accounts through the Better Business Bureau and will carefully review and evaluate all contracts prior to recommending a merchant account provider for your business.   

Nevada State Corporate Network - Helping Businesses Succeed

Nevada State Corporate Network specializes in helping businesses succeed

 

Taking into account the extreme competition existing in the market place today, insuring that your company has the proper corporate structure may determine if your company will be successful. 

Many people imagine that incorporation is designed for large, or multinational companies, but in fact incorporating can give a small business the edge it needs to dominate its market. 

Nevada State Corporate Network can help you understand how the laws of incorporation can benefit your company's standing as an independent organization. Incorporating can safeguard your assets from financial obligations, or lawsuits.