Wednesday, January 28, 2009

Internet Payroll Processing Services

By Caressa Waechter

As a business with paid employees, you need to have the ability to run payroll on a set schedule. It used to be that you had two choices: You could hire someone to only do payroll, or you could have an outside company do it for you. However that has changed with the advent of online payroll services in that you can do payroll at your company, but the hard work is done by your provider.

With a web-based payroll service, you do the initial payroll setup and handle running the actual payroll, but the provider takes care of the hard, and confusing task of payroll tax computation. You only have to enter the employee hours and double-check everything, so running payroll is taken care of in a matter of minutes.

With a complete online payroll service, you have powerful payroll functions at your disposal, including the choice of paying your employees via paper check or direct deposit. You don't need any special software to run payroll as everything is done via the Internet. All you need is the ability to get online and you can run your payroll whenever you need to.

As easy as online payroll is to use, it still is a very sophisticated payroll system, but without the normal troubles associated with such. And your life is greatly simplified because all of the payroll calculations are taken care of for you, even the year-end ones.

Using an online payroll service is simple, quick, and gives you many features to make your job easier. These include email reminders, direct deposit, ability to print the checks yourself, quickly add or update employee benefits or withholdings, and many other great features.

As one of the latest trends for small business owners to use, web-based payroll is yet another example of how online services are making running a small business easier. Security of data is never an issue as it is encrypted on the service provider's network using the latest security protocols.

To access a variety of payroll reports, you can simply log onto your payroll provider's website. With some services, your employees have access to their paycheck information via an employee website. All transactions are handled via secure website connections, so there is never a worry about data security.

Internet payroll service use is growing as small business owners come to realize that such a service eliminates many of the issues normally associated with handling payroll. Also contributing to their popularity is the fact that a web-based payroll solution can save you a considerable amount of money when compared to having an accountant or outside company do your payroll for you. Use the power of the Internet to make running payroll a very easy process.

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