
Payroll Processing
PAYROLL PROCESSING - WHAT TO EXPECT
We are delighted that you are considering
handing your payroll tasks and concerns over to Tailored Business.
IT WILL BE ONE OF THE BEST
BUSINESS DECISIONS YOUR COMPANY HAS EVER MADE! Below are the basics
of Tailored Business' Payroll Processing Service. Now, relax and enjoy!
For one nominal fee each pay period, Tailored Payroll Processing provides your company with the following essential payroll services:
- Hour and wage calculation
- Check production (Checks are drawn off Tailored
Business' checking account, so you don't have to
sign payroll checks)
- Check insertion
- Direct Deposit of payroll funds
- Check distribution
- Report generation
- Mandated new hire reporting
- Mandated separation notices
- Accrual tracking
- Electronic tax deposits
- Monthly/quarterly/annual tax reporting
- W-2 creation and distribution
- W-3 reporting
Before we run your first payroll, Tailored Business will:
- Collect all necessary information about your company
- Present your company with a quote so you know exactly what our services cost
- Sign a contract with your company so you know exactly what to expect
- Meet with your employees personally to:
- Introduce Tailored Business
- Inform employees about our relationship with your company
- Assist employees in completing all necessary paperwork
- W-4
- I-9
- Employee Data Sheet
- Auto Deposit Authorization
- Explain insurance to employees
The payroll process each pay period is very simple:
- Send Tailored Business hour and wage information the first business day following the end of your company's pay period
- Within 24 hours, Tailored Business will fax your company preliminary numbers for your approval
- Verify preliminary numbers with Tailored Business (optional)
- Tailored Business drafts payroll invoice amount from designated checking account 2 days prior to pay date
- Tailored Business distributes pay checks to employees
New hires and terminations are also very simple:
- New hires - fax Tailored Business the following paperwork for each new employee:
- W-4
- I-9
- Employee Data Sheet
- Auto Deposit Authorization
- Terminations - let Tailored Business know the name of the terminated employee, the reason for termination, and we will send a "Separation Notice" to the employee
Get a quote!
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