Located just northwest of Boston, Somerville, MA has garnered a reputation for greatness, winning the award for best-run city in Massachusetts in 2006, as decided by the Boston Globe. Somerville maintained this standard of excellence by earning the All-America City Award an impressive three times. In addition to being critically regarded for its excellence, Somerville also lays claim to the most densely populated municipality in all of New England.
The combined quality of living and expansive population of Somerville make this city an environment ripe with business prospects. If you own a small business in the Somerville area, make sure that you’re taking full advantage of the opportunities before you. Managed payroll services could help your business make the most of this booming business market.
Data Entry Accuracy
Your payroll specialist is a vital component of your staff. Their skill for inputting employee information is important, but their requirements go beyond just knowing how to enter data. Your payroll professionals must take great care to ensure that each employee is appropriately compensated.
Logging an employee’s time brings with it a number of complexities, including regular and overtime hours, holiday or sick pay, and others.
Massachusetts, for example, has many detailed wage laws and legislation can change as quickly as culture does. Any violation of these can result in costly lawsuits that hinder the daily operations of your small business.
How can small businesses avoid this pitfall? By using managed payroll services to work with a certified payroll specialist. Experienced payroll specialists carefully process your data to ensure that all employee time is in compliance with state and federal regulations.
No longer will your small business have to worry about cultivating up-to-the-minute expertise on all new legislation. You can rest easily knowing that an experienced professional is managing your payroll carefully.
Payroll Processing Services
Payroll companies for small businesses take away the hassle of collecting and managing employee wage information. The amount of money your employees take home from their paycheck will vastly differ from their gross wages depending on income taxes, deductions (like social security), and additional withholdings such as retirement plan contributions and health insurance premiums.
Calculating these factors into each individual employee’s net pay requires a keen eye and extensive experience. In fact, without payroll processing services, it’s easy to make mistakes such as withholding incorrect tax amounts or confusing pre-tax or post-tax earnings and deductions.
Unfortunately, this is just the start when it comes to errors in the world of payroll processing. Many small businesses fall victim to processing payroll late, overlooking payroll duties entirely, classifying workers incorrectly (W-2 employee vs. contractor), ignoring bank holidays, and much more. The extensive knowledge of a certified payroll professional is essential to getting the right information and protecting your business without hiring a full-time employee.
Online Payroll Software Management
Systems like Commonwealth Payroll & HR’s iSolved provide simple and up-to-date access to every employee’s payroll information. Online payroll software allows any authorized user to access an employee’s files, input information, and make changes without waiting around for an administrative professional who is dealing with other essential tasks.
When you work with payroll professionals, the process is even easier. They can use the online system on behalf of your company, acting as your business’s personal payroll manager. You won’t have to spend time learning new software, training your staff, or troubleshooting technology issues. Simply call, fax, or email your employee payroll information and let managed payroll services take care of the processing and data management for you from start to finish.
Managed payroll services take the headache out of the payroll process. Not only will this ensure your company is safe from costly errors (for both the business and your employees), it will also give you more time to focus on what really matters – your daily operations.
If you own a small business near Somerville, Massachusetts, you may not be reaping the full benefits of the welcoming business environment around you. To ensure you’re taking advantage of every opportunity, call Commonwealth Payroll and HR at 877-245-1159 to speak to our payroll experts today.