Category: Payroll Services

Payroll Fraud Prevention Saves Time, Money and Headaches

Posted on By Kobi McbridePosted in Payroll ServicesTagged , , , ,

Even with good payroll services you may still be the victim of payroll fraud. Unfortunately, payroll fraud occurs more often than not, and when it affects your business, it could ruin it financially. You wouldn’t think in this very smart, very modern way of life, fraud would occur, but there are many opportunists waiting to scam unsuspecting people! Fraud is a nightmare because it causes no end of trouble for a business and even when you have a reputable company dealing with your payroll, you aren’t immune to it. However, fraud prevention is a crucial factor for any business. Not sure why preventing is crucial, why don’t you read on to find out more?

EXTRA CHECKS PREVENT MONEY BEING LOST

Let’s say you spend an hour a month conducting a thorough check of the payroll records, what does that achieve? Well, firstly you can spot any errors or misinformation contained within the payroll records. Secondly, it may help deter fraudsters because they never know when you’re going to conduct a check on them or the records; and thirdly, it saves money. You can save quite a bit of money when you look at preventative measures for fraud. Preventing fraud is possible through extra checks or spot checks every now and again. You have to think about things which protect the business. Why not look at payrollserviceaustralia.com.au for more information about payroll in general?

SCARE FRAUDSTERS AWAY AND SAVE TIME

Preventative measures can actually scare potential fraudsters from targeting your business. For instance, if you are conducting routine spot checks or hire a third-party to review the records, you’re signalling to potential fraudsters you have things in place to detect fraud. That may be a deterrent for most fraudsters and its ideal to say the least. When you deter fraudsters, you can save time and money later and that’s the best way forward. You can hire payroll services but still put measurements in place to prevent fraudsters and scammers taking your company’s money. Click here for more about preventative measures for your payroll. See more!

NO MORE HEADACHES

Fraud is a nightmare for thousands of businesses each and every day and there are many fraudsters who target businesses as they think the money won’t be missed. However, any money lost can impact a business in a variety of ways. If fraud is allowed to affect a business on a short or long-term basis, it can actually cause a business to fall into financial ruin. With preventative measures you can avoid headaches and nightmares over payroll fraud, and may stop the problem on a long-term scale. Why don’t you find out more about payroll at payrollserviceaustralia.com.au?

PREVENT FRAUD

Whether you’re a new business owner or an experienced owner, there are always risks associated with fraud. It shouldn’t happen in modern times but it does, and fraudsters are finding new ways to get in on the action. However, that doesn’t mean to say you still shouldn’t take measures to prevent fraud from affecting your business. You have to do whatever you can to prevent fraud, even if it’s an inconvenience to you; it’s an essential element for the business. Find payroll services that can help put fraud preventative measures in place, and keep your eyes open! Learn more about payroll outsourcing & HR administration services. For more details, visit: https://www.keywestlazylanecottages.com/small-business-payroll-outsourcing-a-choice-or-a-necessity/

Choosing A Payroll Service: A Buying Guide For Businesses

Choosing A Payroll Service: A Buying Guide For Businesses

Posted on By Korban RossPosted in Payroll Outsourcing, Payroll ServicesTagged , , , ,

Deciding whether or not to use a Payroll service can be an important decision for many employers.  There are many things to consider when making this decision.  Some employers do not have the time or the knowledge to be responsible for paying their own payroll.  Others do not want to hire a person for this job inside of their office and have to pay additional benefits such as medical, vacation and retirement.  There are other factors to consider beside the cost of this position.  Does the employer want the responsibility inside of their own office?  Many do have someone that is responsible for their payroll and it works out great for them.  Others only want the responsibility of keeping track of the hours that each employee works.

Decisions That Have To Be Made

When trying to make a decision some of the most important things to consider would be are you able and willing to learn all of the tax and payroll laws and be able to keep up with the changes that are made by the Government.   If not this can be quite costly, anywhere from having to correct the mistake to fines by the Government, because you did not correctly follow the new laws and guidelines.  When hiring a company to do this for you, one of the biggest decisions is, do you trust the company to keep up with all of this for you.  You must find a company that can match the needs of your business and that you will feel comfortable with.

Choosing A Payroll Service: A Buying Guide For Businesses

Why Choose A Company To Do Your Payroll?

  • Service options that a company might offer
  • Convenience
  • Cost
  • Less work for you to have to worry about
  • Someone else has to keep up with the tax laws

Choosing Your Service

When selecting payroll services for your company,  you must decide how much of their service do you want to hire.  Many will offer a variety of services from your complete payroll, including doing your forms and paperwork that has to be turned into the Government.  Others may offer that they will only do part of your paperwork that could include taking care of the tax and the IRA part of it while you complete the rest in your office.  Of course the more that you hire a service to do, the higher their fees are going to be.  You must look at the pros and the cons as to what will work the best for you company.

When selecting your company, do not be afraid to talk to several and make sure that you have chosen one that will meet the needs of your company.  Know that you are comfortable with the company that you have chosen, because you are putting your employees payroll into their hands.  It is easier to take the time and make the right choice first than to have your employees upset because their payroll is not correct.  Many businesses have chosen complete payroll outsourcing companies to handle all of their need and are completely satisfied.

Sources:

https://framework.gusto.com/5-things-to-help-your-business-choose-a-payroll-provider/

http://www.businessnewsdaily.com/7477-choosing-payroll-service.html

How to Find a PEO Solution That Makes Sense?

How to Find a PEO Solution That Makes Sense?

Posted on By Korban RossPosted in Payroll Outsourcing, Payroll ServicesTagged , , , ,

Do you think that every PEO organisation (payroll service) is created equally? Well, as with any other service you’d be looking to obtain or company you’d be seeking to hire, that’s not the case. That’s why it’s essential not simply to rush and choose the first one you find. Instead, take your time to make a more informed choice.

Here’s how to get started and to find payroll service carriers who will get the job done for you in the right way.

What your Payroll service are?

The first and most important place to start is by considering what your needs are. Which specific type of services are you looking for from an employee leasing provider? If you’re only looking for a service to provide one specific need, whether it’s workers compensation insurance or human resources, then one company may be more of an expert than the other.

Can handle the full breadth of responsibilities?

For many business owners, though, the best PEO organisation for them will be the one that can handle the full breadth of responsibilities, roles, and services that fit into employee leasing.

In addition to workers compensation and human resources, this may include but is not limited to payroll, payroll and unemployment taxes, administrative outsourcing, employee health insurance, employee benefits packages, employer regulations, and more. If you’re looking for this range of services, then obviously you need to find payroll service who can do it all, and handle those needs.

How to Find a PEO Solution That Makes Sense?

Consider outsourcing provider!

Speaking of being able to handle it all, consider the size of the employee leasing provider you’re considering hiring. Ideally, you want to find a payroll service provider who can continue to grow and scale with you in the future.

Hiring experienced PEO brokers

Now that you know more abou t how to get started, and what you should be looking for, there’s another important consider. You may want to look into hiring experienced PEO provider in your local area. They’ll be well versed in all of the different providers, how they differ, what they specialise or excel in, and generally, who are the best to work with.

Payroll service should also be able to find you superior rates than you would be able to get on your own. Click here for guide to choosing a payroll service.

The best PEO Carriers

Ultimately, the best PEO carriers for any business will be one that provides tailor-made solutions that match your needs. When they get the job done the right way, and they can offer their services at an affordable rate, with good support and service to go along with it, then you’re coming out as a big winner. Once again, achieving all of these end goals may be made more easily possible with the help of local payroll services Australia who can handle the process for you.

In this role, they’re always able to ensure that you get a great deal, with the provider who offers the ideal solution. In addition to full PEO services, they also assist with affordable payroll services Australia and a range of other business needs.

Choosing a Payroll Service for Businesses

Choosing a Payroll Service for Businesses

Posted on By Korban RossPosted in Payroll Outsourcing, Payroll Services

One of the more daunting tasks an increasing number of businesses are eager to outsource is managing the payroll service. Letting an outside payroll service provider deal with the nitty gritty details of processing payments and calculating taxes can be invaluable – if the payroll service provider chosen lives up to expectations. It is vitally important to choose wisely when payroll outsourcing, as you will be putting your company’s money and sensitive data into their hands. With that in mind, here are a few things to think of when choosing a payroll service for your business.

Determine your needs and expectations

Firstly, decide on the exact scope of services you want from your payroll service provider. Do you want them to just facilitate payments while you handle the data? Or would you like them to produce your pay slips, manage your taxes, and throw HR services into the mix? It’s possible to get all of that and more with the right provider. Secondly, decide on how you want the services to be delivered, taking into consideration the way your business operates. Do you have a non-standard pay cycle that will require a more tailored approach to running your payroll? Do you need to be able to contact your provider on holidays, weekends, 24/7? Having a clear picture of what you need to look out for will help you narrow down the choices of payroll service providers available.

Choose your payroll service

After that, make a list of payroll service providers that provides the services you need. Make sure they are accredited and insured. The software they use should be highly encrypted to ensure no sensitive and confidential business data will be easily accessed by hackers. Try asking business contacts using payroll services for advice and recommendations, as their experience would provide useful and honest insight.

Look into the pricing structure of those payroll service providers and match that with how much you are willing to pay. Keep in mind that most payrolls charge a flat monthly base fee, but there may be extra costs for services like managing your government tax compliance requirements, end of year filing or even software updates. Look out for such hidden fees so that you can avoid unpleasant surprises later down the road. Click here to get about payroll shared services.

Choosing a Payroll Service for Businesses

Contact your payroll service

You should then proceed to contact the payroll service provider you are considering. Ask if they have experience in serving clients in the similar industry or with similar needs. Ask them for references so that you can speak to those clients and know more about their professional experiences with using those providers.

You’ll also need to ask a few key questions to determine your potential provider’s reliability, security and transparency. Make sure your provider thoroughly understands the legal environment within which your business is operating. If your business is in Australia, for example, it may be advisable to look to local companies like Payroll services Australia (www.payrollserviceaustralia.com.au) for your payroll outsourcing. This will help minimize the potential for mistakes like the mishandling of tax payments.

Ask the provider about your primary contact. Find out who will deal with the day-to-day management of your account and who will respond to any problems or questions which occur. You may wish for specific payroll specialists to be assigned to your account. You should also find out how and when you can contact the payroll service provider. Will you be able to contact them by your preferred mode of communication i.e. phone, email and/or face-to-face? Can you get in touch with them quickly in case of any emergencies? Customers should be able to communicate easily and consistently with their payroll managers. The payroll accounts should be easy to navigate, so that employees can access their personal payroll information in a straightforward fashion. Learn more about payroll services.

Lastly, ask about the terms and conditions of your contract. You’ll want a flexible contract which can evolve as your business evolves. You’ll want a payroll service provider which can adapt to changing demands and tailor their services to your needs. For example, can your provider easily add more users or employees to your account? What are the termination clauses and fees tied to the contract?

In short, consider all angles when selecting a good payroll service provider. It may be wise to make use of the free trials some payroll service providers offer, so you can test drive those providers for a month or so before making this important decision.