Commercial Lending Division
(920) 707-1505
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Most Self Employed and Business owners research hundreds of businesses looking for the basics to get what
they need to conduct their own business. Payroll Services is a Time consuming example of this fact. You might go on the internet or wear out the yellow pages trying to find the right "fit" for your business. With the competitive market place and countless products you need to run your business, you might find or have found that this is very time consuming and you might not get exactly what you want. Time can be your worst enemy. SELF-Pros buys you time to focus on whats important. Your customers. You might have the best product on the market, but if your potential customers don't know its there, you have nothing. SELF-Pros takes the administration headache out of the equation. You can now focus on what you do best. Selling your product. When you have a new idea or want to upgrade an old idea, call SELF-Pros first. Payroll takes up alot of time. SELF Pros has the solution for you. Once you’re set up, payroll processing takes minutes. We instantly calculate wages and deductions, file and deposit taxes, pay employees through direct deposit or paper checks, and provide W2s and 1099s at year-end. Ask about our new VISA debit card direct-Pay Program.* Who knows? You might have enough time to finally catch up on the important stuff! Here are some examples:
- Accept Credit Cards. Start a Loyalty program
- Brand Your Company
- Finance a new store. Start a Business cash advance account.
- Advertise to the masses
- Sell 24/7 on the web
- Offer benefits to your employees, attract better quality employees
- Spend more quality time doing other things
- Call for a free consultation (920) 707-1505
By outsourcing Payroll Services, a small business owner can take advantage of someone else’s expertise, and save time and money. Outsourcing payroll allows you to spend more time on what you do best… running your business.
Here’s how a full-service payroll solution saves you time: You won’t have to calculate wages and deductions, cut paychecks, or prepare all the mandatory forms like W-2s and 1099s. You won’t have to manage your quarterly tax returns. And, you won’t have to keep up with federal and state payroll regulations.
A full-service payroll solution is like a safeguard against IRS fines.The payroll service manages your payroll taxes, and is responsible for ensuring taxes are paid on time and correctly.If you receive a tax notice, they’ll work with the IRS to resolve it.
If you run payroll on your own and make a mistake, you could be left with costly tax penalties, as well as interest charges for late payments. Call SELF-Pros today and let's talk about the future of your business (920) 707-1505. 1. Choose a payroll method — In-house or Outsource Processing payroll manually requires the least amount of direct investment, but is the riskiest and takes the most time. You determine own system to calculate wages and deductions, submit tax deposits, and write and distribute paychecks. You can also process payroll in-house using payroll software. Most software packages offer varying degrees of support — from providing you with tax tables that will help you make the right deductions to providing you with a direct deposit program. A software package will cost you a few hundred dollars, and you'll have to purchase upgrades when they become available. Outsourcing is much less time-consuming and risky than processing in-house. You’ll eliminate the burden of calculating wages and deductions, having to keep up with changing tax regulations, and having to work directly with the IRS if tax notices arise. Accountants may not offer direct deposit and their fees vary greatly. Outsourcing to a payroll company takes all the payroll burdens off your back, leaving you with only one task — entering payroll hours into an online account, or submitting them on the phone. If you use a payroll provider, make sure to choose a full-service provider that files and pays taxes on your behalf. Full-service payroll services normally charge a base fee and per-employee fee. Once you’ve decided that, you’ll need to decide your payroll schedule. For example, if you’re paying weekly, what day of the week? If paying monthly, will you pay on the last Friday of every month? On the 15th of every month? Consider that you’ll need to figure out how you’re going to run payroll if you are out of the office on scheduled days. For example, if you’ve chosen to pay employees on the 15th and the 15th falls on a Sunday, will you process payroll early and schedule direct deposit to arrive on Saturday? Will you have a rule that states that if the 15th falls on a weekend, payroll checks will be passed out on the following Monday? You’ll need to set your ground rules and create a yearly calendar that indicates when you are going to process payroll, and when your employees will get paid. If you work with a full-service payroll provider, you can simply tell them when you want employees to be paid. They will let you know when deposits are made if the pay day falls on the weekend. 3. Decide how you will pay employees — Direct Deposit or by Check Once you’ve chosen a payroll processing method, schedule and payment method, it’s time to process payroll. The hardest part of payroll involves tax rules and getting deductions right. Call for a FREE Consult (920) 707-1505
You can process payroll in-house, manually or with software, or you can outsource payroll to a payroll service.
2. Choose a payroll frequency — Weekly, Biweekly, Semimonthly or Monthly
Next, you need to decide how frequently you will pay employees. You can pay as often as you wish, but most businesses pay weekly, biweekly (every other week), semimonthly (twice a month) or monthly.
There are two main ways to pay employees: By check or direct deposit. The most common payroll method these days is direct deposit. It’s the most efficient method for you or your employees. Your employees don't need to be present at work to collect pay and they don't need to go to the back to cash the check. It’s convenient for you because you don’t have to fill out paper checks or be present to distribute them. Many payroll services offer you the ability to receive direct deposit, delivered checks or the ability to create your own checks, in-house. You may have employees who don’t use a bank account or have an instance to write a spur-of-the-moment bonus check. In that case, you’ll need the ability to offer both. If you’re not using a payroll service, upgraded payroll software or an accountant, you will be confined to paying by check.
