Brooks - A Payroll Specialist, Since 1999

The payroll process has changed much over the years, mainly in the manner in which it is processed. Most companies today prefer computer-based systems or outsourcing to process payroll . For a small company, manual processing may still be an option, although there are numerous cost effective ways to run it electronically. Use the following information to process payroll for your employees. 1. Gather employee wage information. Make sure it includes all wages, tips and compensation in the pay period. If your system is computer-based, you will be able to run a report. If manual, collect all time sheets and other documentation. 2. Check to ensure that you have W-4 information for each employee to determine their marital status and with holdings. This will determine their tax liability for Federal Income Tax. 3. Calculate employee's gross pay from employment agreement or time sheet. Include tips, commission and overtime, if applicable. Tax exempt dedu

Choosing a Payroll ServiceProvider When payday rolls around employees automatically assume they will not only be paid but be paid the correct amount. An easy way to ensure everyone is receiving payment and the IRS is not on your back is a payroll service. Use these tips to evaluate and choose a payroll service provider. When payday rolls around employees automatically assume they will not only be paid but be paid the correct amount. An easy way to ensure everyone is receiving payment and the IRS is not on your back is a payroll service. Some may consider this service a waste of money since it can be completed in house; however, having a professional to deal with confusing tax laws and to absorb the cost of any errors is a big plus. Recommendations: Before you Google payroll services, ask around. Does anyone you know deal with a payroll service? If so, ask if they would recommend them to you. A recommendation from someone you know means that chances are they will be h

Many payroll services offer the option of filing state and federal payroll taxes for your business. Typically, this service is offered at little or no cost. This is because the payroll provider will impound the tax due at the time pay checks are issued, earning interest on the funds until the money needs to be handed over to the government. Most services assume responsibility for penalties resulting from incorrect filing; however, your company may be liable for any interest charges. Keep in mind that many companies will not calculate local or city payroll taxes. Make sure to inquire about this if it is a significant issue for you. We also  provide Free Payroll Demo. For more info:- visit our site

Outsourcing or Offsourcing is not a straightforward or unidimensional phenomenon rather it can be of different types and comprises several interrelated steps and events. Business Process Outsourcing (BPO): As the name itself suggests in BPO the non-core business like data backup, maintenance may be outsourced. In fact companies looking to work on a frugal budget and within strict deadlines may even outsource their complete processes like product design, software coding, testing and maybe even marketing and sales. Knowledge Process Outsourcing (KPO): KPO is a relatively new process evolved to outsource knowledge-related work to third party service providers who are specialised and especially trained in this field. This may involve customer support including voice and technical, providing logistical support, answering customer queries, providing answers to specific queries from domain experts and so on.  For more detail:- Click here

·          Reduce overhead costs ·          Free up local resources ·          Improve efficiency ·          Offload non-core functions ·          Get access to specialized skills ·          Save on manpower and training costs ·          Reduce operating costs ·          Improve speed and service ·          Establish long-term, strategic relationships or partnerships with world-class service providers ·          Gain a competitive edge over your competition ·          Enhance tactical and strategic advantages ·          Focus on strategic thinking, processes, re-engineering and managing trading partner relationships ·          Spread your risks ·          Provide the best quality services, products and people ·          Be reliable and innovative ·          Provide value-added services ·          Increase customer satisfaction ·          Create a 24x7 infrastructure for support, development, design ·          Avoid the cost of chasing technol