How to Choose the Best Payroll Software for Small Business

payroll software for small business

When it comes to choosing the best payroll software for small business, it can often feel like a daunting task. Unless you have experience, the thought of finding the best payroll software can seem intimidating, stressful and time-consuming.

If you’ve taken the decision to better focus your time on running your business, rather than deal with complicated spreadsheets and manual processes, then you’ve made the right choice. However, when it comes to choosing the best payroll software for small businesses, it’s important you find the right one. To help you with this process, we’ve put together a useful guide highlighting all the important qualities and factors that your payroll software should contain. Continue reading

Top 12 Advantages and Benefits of Using Payroll Software

Benefits of Using Payroll Software

Running a small business isn’t easy. When you are responsible for everything from the success of the sales force, to the efficiency of the back office, it can often feel overwhelming. But, it doesn’t need to be this way. There are times when smart delegation and strategic decision making can improve your business and allow you to get more done. The management of your payroll is a classic example.

You could handle the payroll process yourself, or delegate the task to an accountant, bookkeeper or a trusted employee. But, regardless of who is in charge of the payroll, there are numerous benefits of using payroll software to get it done. Continue reading

How to do Payroll for a Small Business – The Ultimate Guide

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how to do payroll

Getting Started

Payroll is an essential component of every business, large and small. Once you have made the decision to hire your first employee or employees, it is inevitable that you know how to do payroll properly. However, the truth of the matter is, payroll processing is not as straightforward as you may wish it is. It comes with multiple components such as tax calculations and deductions. Proper processing of the payroll requires a sound understanding of all applicable Federal and State tax laws. All these can make your head spin while shifting your focus from what really matters – growing your business.

To get the burden off your shoulders, we have put together the following guide to help you understand how to do payroll and identify an intuitive payroll system for your small business. The guide comes with payroll’s best practices that will help any small or medium business make important decisions in critical areas like choosing the right payroll processing method, timekeeping system, payment method, understanding and filing payroll tax forms among other features. Continue reading

Why Doing Your Payroll by Hand Is Way Too Risky?

payroll by hand

Doing payroll by hand is, to say the least, outdated and simply no match to the more modern approaches. Going down the manual route will most likely do more damage than good to your business. Here’s how:

Calculation errors—doing calculations by hand is often prone to an error here or there, which could result in paying employees the wrong amount, or unknowingly withholding taxes.

Time-consuming—manual payroll calculation can waste a lot of your time, which you could otherwise spend growing your business.

Loss of information—it’s easy to lose your information, as the papers you use could either get damaged or misplaced. Payroll information saved on your computer isn’t totally safe either, with threats such as viruses and hackers, or even hardware failure of the computer.

Outdated taxes—tax rates are constantly getting updated; when you do payroll by hand, there’s quite the likelihood that you’ll use out-of-date tax rates. Missing a single update will cause you to accidentally withhold and pay out the wrong amounts, incurring penalties as a result.

Wrong figures—having your payroll numbers (tax rates, time cards, etc.) all over the place make manual payroll calculation quite a headache. Each time you update a number on one document, you must not forget to also update all other documents, or your calculations will be off.

Time constraints—if you decide to do payroll by hand, it’s important that you plan well ahead of time or risk running out of time and consequently handing out your paychecks late.

Here’s another payroll option to consider: hiring a payroll services company.

If you’d rather focus on improving or growing your business, hiring CheckMark payroll services may be the perfect option for you. This is much more convenient than doing payroll by hand for two main reasons: first, it saves you plenty of valuable time, and secondly, with professionals handling the work, you can always rest assured that your payroll will be done accurately and on time, every time.

 

5 Reasons to Update Your CheckMark Payroll Software Now!

CheckMark payroll software

Every year payroll processing becomes more complicated with revised tax tables and new requirements from the IRS.  To pay your employees on time and ensure that taxes are filed accurately it is critical that you maintain up-to-date payroll software. Continue reading

When to Switch Your Payroll Service Provider?

payroll service provider

At which point you would need a switch over to new payroll service provider?

More often companies reach crisis point before making a decision to change. This puts people, systems and relationships under pressure, which shadows the business growth and at times most valuable employees may under perform and this may result in business losses.

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Checkmark Payroll 16.0 is Now Live with Additional Features

Checkmark Payroll 2016

The latest update of CheckMark payroll software 16.0 is full of new enhancements ensuring employers process payroll effortlessly. We release updates annually based on the feedback provided by thousands of small business owners using CheckMark Payroll software.

Here’s a quick rundown of all the recently added features of CheckMark payroll software 2016.

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How to Choose Reliable Payroll Services for Small Business

payroll services for small business

How much time do you waste in gathering time cards, adding hours, calculating taxes, paying employees and filing taxes? According to a study, on average, 7 minutes are required for preparing, computing, and verifying time cards. If you prepare 50 time cards weekly, then it will take approx. 6 hours of your precious time. This time period is just for preparing time cards, and the time will add up for the further processing of payroll.

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Choosing a Payroll Services Company – Part 1

Payroll ServiceOutsourcing payroll services is a life saver especially for small business owners with limited man power resources and if you sign-up with a reputed company you can be sure of their best practices and professional approach.

But to choose the best among so many payroll service companies, all claiming to be prompt at their job is a tedious but fruit bearing exercise.

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