Payroll is a task. Task of paying to your workers or employees. Also it is the set of different type of reports to give information to the management and employee. Some reports has more details some are the summery. It depends on the user of the report. Processing the Payroll is easy job. Requires “PEN”, “LEDGER”, “CALCULATOR” and the most importantly a “TAX TABLE”. Also another meaning of the “PAYROLL” is the sum of all financial records of salaries (a form of payment on a periodic basis instead of an hourly rate), earnings for an employee, wages (a form of payment based on an hourly rate), bonuses and deductions (a payment’s taxable amount). In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and to ensure the withholdings and deductions are remitted to the government agencies or any other agencies in a timely manner.
Payroll plays a major role in a company for several reasons.
1 – May effect the cost of goods/Merchandise sold
2 – Increase or decreases the net profit
3 – It is subject to laws and regulation of Federal, State and sometime Cities.
The Laws of payroll changes constantly and for you as business owner it would be most beneficial to outsource this important task to a professional. Payroll processing companies like www.Green60.com whose job is processing the payroll all day long. They know the Laws and regulation. They have more than twenty three years experience in this field. They have seen different type of earnings either taxable or nontaxable. They have seen and processed all different type of deductions such as ‘WAGE GARNISHMENT”, 401K, Employee Advances, Vacation and sick time accruals and many, many more.
In this point of the time we need to trust the experts, let them take care of this important job for you. Their charges are very nominal and it is cost effective. It is only $19.99 up to five employees and any additional employee is only $1.00 more. They will take care of paying your payroll taxes to filing your new hire employee requirement, quarterly reports and print w2s for your employees. You as a business owner would like to spend your valuable time do what you are good at or even spend the time with your family. Keep in your mind to choose a company like www.Green60.com, because they are very professional, knowledgeable and has an affordable price. Not to mention, Free archiving, accessibility, easy to work, and many more features you may benefit from.