Running a small business is no doubt exhilarating, but managing payroll consumes a lot of time. This is where small business payroll services step in with their comprehensive solution to ensure your employees get paid accurately and on time. This frees you so that can focus on what matters most – growing your business.

What is a Payroll Service?
A payroll service is a company dedicated to handle all or most aspects of your employee payroll process. They are like a third-party intermediary who takes the burden off your shoulders ensuring compliance with complex tax regulations.


Core Functions of a Payroll Service:

Payroll Processing: They make a calculation of employee wages, deductions, and taxes to ensure everyone receives the correct net pay.
Tax Withholding and Payment: Payroll services help them handle federal, state, and local tax withholdings, as well as filings and payments to the appropriate tax authorities.
Direct Deposit and Paychecks: They start lthe electronic deposits into employee accounts or issue paper checks. It depends on your preference.

Additional Benefits for Small Businesses:

Reduced Administrative Burden: Hiring a payroll service means you can free up your valuable time and resources, and focus on core business activities.
Improved Accuracy: They eliminates the risk of errors in calculations or tax filings and this eventually savesyou from penalties and fines.
Compliance Assurance: Payroll services are always updated on complex tax regulations ensuring your business remains compliant.

Choosing the Right Payroll Service:

Business Size and Needs: You should consider the number of employees, payroll frequency, and desired features when hiring a service.
Pricing Structure: Payroll services mainly charge per employee or per paycheck processed.
Customer Support: Reliable customer support plays a crucial rolr for any questions or concerns you might have.

For the best payroll services for small businesses look no further than Keystone Accounting! Their dedicated account manager reviews all the work and you also get a dedicated representative for any questions you may have and they are available 24/7 to answer any questions.