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How to Choose the Most Excellent Payroll Service for your Business

Know about the existing scenario and challenges in the payroll department. Essential tips for selecting the best payroll solution provider in your location. Analysis of SPS strategy that is situation, problem, and solution. This powerpoint presentation provides an in-depth view to get a clear idea. More info: www.cembs.com/payroll-software

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How to Choose the Most Excellent Payroll Service for your Business

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  1. How to Choose the Most Excellent Payroll Service for your Business? Business-specific guidelines & tips

  2. The current scenario: • Manual payroll calculations – Time consuming process • Hire an accountant – Expensive and ineffective • Outsource payroll – Very expensive

  3. The $600 payroll mistake • In the lawsuit, Castro v. Precision Demolition, a company failed to pay an employee overtime for a mere $608.05 • The unpaid overtime turned into a $1,216 award by the court (including penalties) • The court also ordered the company to pay out $41,333 in legal fees for the employee. Reason: The employee’s attorney had initially sought a reimbursement of $114,000 in attorneys’ fees.

  4. Existing challenges in the payroll management • A paycheck miscalculation undermines employee satisfaction faster than anything else.

  5. Existing challenges in the payroll management • Multi-state payroll tax compliance: Keeping up with state and local regulations can be a challenge.

  6. Existing challenges in the payroll management • Difficulties in balancing the costs while maintaining efficient payroll

  7. Existing challenges in the payroll management • Difficulties in wage and hour compliance management

  8. Existing challenges in the payroll management • Your processes are not consistent

  9. What To Expect From A Payroll Provider?

  10. Basic functionalities and features • Payroll processing • Managing new hire filing • Calculating and paying taxes • Preparing tax returns • Performing reconciliations • Cutting checks and initiating direct deposit payments • Paid-time-off management • Employee self-service • Mobile access • Payroll reports

  11. The Best Payroll Services for your Business: What Should You Look For? • Latest Features

  12. The Best Payroll Services for your Business: What Should You Look For? • Affordable pricing

  13. The Best Payroll Services for your Business: What Should You Look For? • Ease of use

  14. The Best Payroll Services for your Business: What Should You Look For? • Dedicated customer support

  15. The Best Payroll Services for your Business: What Should You Look For? • Reputation - Find a provider with an established track record

  16. The Best Payroll Services for your Business: What Should You Look For? • Integration with other system

  17. The Best Payroll Services for your Business: What Should You Look For? • Check outages and maintenance down-time frequency

  18. The Best Payroll Services for your Business: What Should You Look For? • Additional services

  19. The Best Payroll Services for your Business: What Should You Look For? • Ongoing updates to the software based on user feedback

  20. The Best Payroll Services for your Business: What Should You Look For? • Security Standards

  21. The Best Payroll Services for your Business: What Should You Look For? • Industry-specific solution provider

  22. Do you need to automate the payroll process effectively? • Website: https://www.cembs.com • Contact: 50 Chestnut Ridge Rd, Suite 103, Montvale, NJ 07645 • Phone: +1 201 391-5345 • Email: info@cembs.com

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