Let’s face it, keeping up with all the issues regarding payroll is more complicated than most people realize. Time-consuming tasks from determining wages and withholding taxes, to updating vacation and sick pay, and deducting employee-contributed payments for benefits can create major legal, compliance or tax issues if not managed correctly and consistently. The two obvious choices for payroll processes are pretty simple: process internally or outsource.
Outsourcing makes the most sense:
In-house technology advocate helps coordinate and problem solve.
Compliance entails a complicated array of state and federal legal obligations. LassiterWare conducts the necessary research regarding changing regulations, withholding rates and government forms, while maintaining the latest versions of payroll software.
Tax regulations are constantly changing, making errors more prolific.
Reporting is a tedious process involving earning statements, time sheets, retirement services and monitoring.
Tracking new hires and terminations.
Enhanced security is critical to protect against identity theft, embezzlement, tampering with personnel files, or making sure payroll data is secure on the company’s server or network.
Timely custom reports and check reviews.
Providing direct deposit eliminates error-prone paper handling and reduces the risk of fraud.