Compare the top payroll services of 2024. Efficiently streamline paying employees, tax compliance and benefit deductions with the leading small business payroll solutions.
* Professional Employer Organization (PEO): Provides payroll processing with the PEO as the employer of record. A PEO allows you to outsource certain managerial tasks. The tasks include but are not limited to administration of employee benefits, workers’ compensation insurance, and payroll. One key thing here is that whatever the PEO uses for benefits and insurance, you must use too if you enter into a contract with a PEO. A Payroll Service Provider may have options for employee benefits and workers’ compensation insurance either in house or through strategic partnerships. Last, when using a PEO you use their State Unemployment Tax Rate, which may be higher or lower than your rate as the employer of record.
Payroll services are integral to business operations and can save considerable time and money.
Payroll services help business owners make sure that tax compliance is being followed, and assist with streamlining processes around calculating and issuing employee pay.
Written by:
Andy Chang
•
Founder of TheCreditReview
Edited by:
Andy Chang
•
Founder of TheCreditReview
