Effective Payroll Services in Frisco, TX
Depending on the size of your business, processing your payroll at the end of the month can be a few hours of work or a complicated one-week job. The human resources or accounting department may handle payroll services for a small business. However, most companies are outsourcing payroll support to maintain internal efficiency and tax compliance.
The payroll process is tedious, consisting of exemptions & special considerations, varying legal requirements, and lengthy reporting. Therefore, when seeking help for everything from payroll processing to payroll taxes and reporting, you want a competent professional to be in charge. Hensley CPA Firm PA has the knowledge and experience to help with reliable payroll services for Frisco, TX companies. We also have an office in Bonita Springs, FL, and are happy to assist clients remotely as well. Schedule your consultation today!
What Do Comprehensive Payroll Services Entail?
Comprehensive payroll services from an outsourced accounting firm can include paycheck processing, employee benefits & insurance, and accounting tasks such as tax withholding. In addition, these firms leverage technology to automate payroll processing, ensuring faster and more convenient reporting.
At Hensley CPA Firm PA, we offer full-service payroll support covering your business' accounting, tax, and compliance aspects. Here are our areas of expertise:
Payroll Processing - We customize your business' payroll system based on your needs. Our team uses some of the best accounting software in the market, and we also offer swift assistance if you have any questions.
Payroll Taxes and Withholdings - State and federal payroll taxes are among the deductions every business must keep up with to ensure compliance with IRS.
Direct Account Deposits - After calculating the employees' net wages and salary, we deposit funds into their preferred individual accounts.
Tracking and Settling Wage Garnishments and Liens - We will reevaluate paychecks and payroll taxes in case of an IRS wage garnishment.
Finding your new avenue for growth and success often relies on how you manage your finances. For example, by having your payroll under control, which is a significant business expense, you'll be better equipped to track your business performance.
Insights from your payroll can also guide you in making informed decisions, such as identifying which departments need more or fewer employees. Such data is critical in workplace planning.
Custom Payroll Services in Frisco, TX
Apart from the comprehensive payroll services listed above, we create and file new hire reports. These include 401(k) and health insurance plans. Our accountants understand that every business has its own unique needs, and we customize our services to reflect your preferences.
Our easy-to-use accounting and reporting system allows for keen oversight on your end without much of a learning curve. This makes your work easier since you can track monthly or quarterly reports in minutes.
In case of any errors with reporting or payroll issues, you can rest assured that you've got a company that puts your needs before theirs. Here, we will reconcile all the payroll issues and go even further to double-check all the areas that might have been affected. That way, you can avoid complaints from your employees or potential penalties from the IRS.
As part of our customized services, compliance is a critical aspect we pay keen attention to. Additionally, we keep up-to-date records of your employees' vacation, personal, and sick day accruals. Custom reports we can create for your business include worker's compensation audits and child support audits. Others are unemployment claims, social security audits, 1099 & 1096 forms, and W-2 and W-3 processing.
Why Outsource Your Payroll Services?
It can be hectic to manage payroll processing while ensuring an accurate record of workers' vacation and personal time. Besides payroll services, you'll also want to perform accounting functions. These include calculating withheld taxes and recording the amount paid to the government for Social Security, Medicare, and unemployment taxes.
Here are the benefits of outsourcing your payroll services to our Frisco, TX team:
Cost-Effective Services - By outsourcing your payroll services, you get access to expert assistance. The best part is that you don't have to hire an in-house accounting professional to handle payroll every month.
More Time to Focus on Your Business - Once you partner with a payroll services company, you don't have to spread yourself thin anymore. Instead, you'll have the time to tackle sensitive projects, meet deadlines and grow your business.
Expert Reporting - Accurate reporting is vital in every business. The right payroll service help will deliver your financial reports on time. We will also ensure compliance with tax and legal filing requirements.
Your Trusted Team for Payroll Services in Frisco, TX
Need payroll help from a trusted company that will guide your business through the accounting and tax issues? Look no further. At Hensley CPA Firm PA, we care about your business. We have two locations in Bonita Springs, FL, and Frisco, TX, and we also provide remote payroll services to our clients outside the two states.
Quality services and customer satisfaction are our top priorities. For any questions, book a consultation or call either one of our two offices today, and we'd love to be of service.