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.