Payroll, as the word defines, is the total amount the company pays to its employees in a particular period of time. It is very important for any business to timely and accurately pay all its employees, and it often turns out to be a tiresome task. One needs to make sure to manage the different pay structure of each individual employeewhile also making sure about other factors such as leaves adjustments, reimbursements. And this has to be done while also keeping in mind about compliance with tax and other statutory regulations.
Due to lack of time and knowledge, businesses at times end up paying wrong amounts which might lead to employee dissatisfaction and penalties from the government. Payroll is a particularly time-consuming activity, from mapping timesheets to preparing employee pay slips, salarydisbursment, withholding income taxes from employee salary, social security and medicare contribution and so forth, thesetasks are best handled by experts. At Whiz Consulting, we ensure to provide payroll processing service for your business, which will be cost-effective, efficient and timely accurate.
Processing payroll is a time consuming tiresome process, be it manual or computerized. Chances of error are quite high if payroll is processed by fast-tracking without paying attention to details.
One should aware of all existing law and legislations while keeping oneself updated with any changes in the same. Inability to comply with any statutory or tax regulation can make you face penalties or fine.
With manual or computerized payroll processing, personnel has to record and maintain a high volume of information, thus rising chances of inaccuracy.
There is some payroll fraud that people in an organization can commit that will impact the organization like ghost employees, falsified wages and commission or even fake insurance claims.
Most organization does not have a team or a person dedicated to just Payroll Processing and thus responsibility is handled by theFinance departmentwhich hampers their efficiency.
Payroll prcessing also quite costly affair as one need to investment in payroll software and human resource. Absence of either one will reduce overall payroll processing efficiency
Whiz Consulting, as an outsourced payroll provider, offer you highly efficient and accurate service customized for your specific requirement.
Payroll data entry and payroll data processing
Calculating the exact amount due to employees after withholding taxes
On-time payslip generation and emailing
Record keeping & administration
Preparation of state and federal returns
Annual, quarterly and monthly returns on a state-wide basis
We set up a system according to the schedule chosen by you and then we prepare a calendar with relevant dates.
Important data and timesheets are shared through email or via cloud storage services like Dropbox or Google Drive.
Based on inputs received from you, we calculate gross pay, deductions, net pay, superannuation and so forth.
We process all employee payment through a batch file which is sent to the Bank for upload.
We review the activities at constant intervals, ask for your feedback and make revisions wherever required.
Outsource your payroll to the highly trained team at Whiz Consulting and obtain dozens of benefits just like other businesses. We process over a thousand payslips every month, and thus you can be assured that you are paying accurately in compliance with the government norms. Few more benefits from our Online Payroll Service are –
We at Whiz Consulting are dedicated to providing the best payroll outsourcing services in US. We provide a cost-effective way to take away the burden of payroll by providing a time-saving alternative to internal payroll processing services. For a business it is very important to understand the process of payroll – pay calculation, reimbursement, deduction, payslip generation, amount to be withheld for federal and states income tax, social security and medicare contribution amount, payment of tax and tax return preparation. And also there are important documents like Employer Identification Number (EIN) and other relevant employee tax information like W-4, I-9, W-2 or 1099s that has to be accurate. And these are best left in the hands of experts.
We have experts who are very well acquainted with payroll processing of US and have provided payroll services in New York, Texas, Washington DC, Minnesota and other parts of the US. With the experience of processing payroll for small businesses to large businesses and experts who are very well acquainted with US payroll processing, Whiz Consulting is your go-to payroll service provider.