Payroll Pain Points for Business | Stone Financial

Payroll Pain Points for Business | Stone Financial

Pain Points: Payroll Management for Businesses

Payroll is one of the most important business functions, no matter the size of your company. Poor payroll processes can create major problems, extra stress, and inaccurate payment amounts. Stone Financial is here to help streamline your payroll process, making every pay period a breeze. Today, Stone Financial addresses some common pain points with payroll, and we explain how you can take the right steps towards a solution.

Human Error

Payroll is just about calculating employee’s hours and making sure they are paid, right? As simple as that might sound, there is a harsh reality behind it. Many different factors have to be taken into consideration when dealing with payroll services, from time tracking techniques to IRS tax compliance. There is a lot of room for error! Juggling all of these factors can lead to expensive mistakes, especially without a payroll professional on your side.

Legal Compliance

The Internal Revenue Services has several aspects of compliance that businesses need to abide by. Documents need to be appropriately filed with the IRS while also meeting deposit requirements. There is endless room for error, such as missed deadlines, incorrect filing, and inaccurate employee tax withholding at both the state and federal level. Stone Financial’s payroll services help to ensure accuracy in a timely and efficient manner.

Accurate Tracking

Arguably one of the most important factors in payroll is accurately tracking an employee’s time at work. Both hourly and salary employees need to have the correct paycheck at the end of the pay period. Relying on an outdated time tracking system can potentially miscalculate working hours.

Documentation Accuracy

From the proper filing of W-2 and W-4 forms to verifying social security numbers, accuracy is critical for payroll operations. If your business struggles with the details of payroll and tax documentation, you are putting your business at risk. Reduce risk and increase operational efficiency with Stone Financial.

How Stone Financial Can Streamline Your Payroll

Outsourcing payroll to Stone Financial can be one of the best decisions for your business. Payroll is just one of the many services that Stone Financial offers, and it can improve the efficiency of your business tremendously. If you want to learn more, check out the Payroll Services on our website. Set up an appointment today to see how Stone Financial can optimize finances at your business.