Establishing Payroll Strategies and Processes
Establishing Payroll Strategies and Processes
We Make Payroll Easy for Phoenix Businesses
Of all the accounting services that needlessly take up a business owner’s valuable time, payroll may be the most common offender. It’s simply busy work that anyone who understands the process should be able to handle. That’s why working with third-party providers for administration of payroll is one of the most common accounting services small businesses utilize.
The team at H&H Accounting Services
handles all types of complex and challenging accounting and bookkeeping issues, from CPA negotiations with the IRS to internal audits, compliance assessments and internal control system implementation.
If you’re looking for an affordable and impeccably reliable partner to handle your business’s payroll, call H&H Accounting Services. We’ll ensure your employees are always paid on time and we may be able to suggest software or process optimizations that can save you money and reduce the frequency of hiccups that result in avoidable delays.
Your workers are a vital part of your business. If you’re like many Phoenix business owners, you may think of them as part of your extended family. Our team at H&H Accounting understand what your employees mean to you, and we’ll always ensure they’re paid on time.
Can You Save Money on Your Payroll?
You might assume that payroll simply is what it is and there are no real opportunities to reduce your labor expenses (other than letting workers go or not increasing their pay). This isn’t exactly the case. There are a variety of methods of reducing your expenses as it relates to payroll without taking either of those employee unfriendly steps.
Examples of Payroll Solutions We Can Help Design and Implement
Outsourcing your payroll:
Your time is a valuable resource. In many cases, a business owner will save money by outsourcing payroll to an affordable service provider like H&H Accounting Services so they can use that time on revenue-generating projects. The added revenue you’ll get from your freed up time will more than make up for the cost of hiring a professional payroll service provider.
Automating time tracking: Inaccurate time reporting or inflating work hours can cost businesses thousands of dollars a year. Employees don’t always inaccurately report their time on purpose, but the result is always the same – your business spends too much on labor. We can provide ideas for automating your business’s time tracking to provide more accurate results.
Adopt flex scheduling:
There are many types of businesses where the labor requirements vary throughout the month, year or even over the course of a week. Implementing a flex scheduling system will allow you to cut labor costs when you need fewer workers on the clock, enabling your business to allocate those dollars to increase labor when you really need it. If you haven’t already implemented a flex scheduling system, we can help you determine how it could work.
Accurate overtime tracking:
Businesses can lose a huge amount of money on unnecessary overtime expenditures. We can help you implement systems that reduce the need for overtime or ensure employees aren’t taking advantage of lax oversight to get overtime.
Adopt appropriate technological or software solutions:
A surprising number of businesses aren’t using some of the modern time tracking solutions now available. We can introduce you to modern time tracking technologies and software and help you find the options that will work for your business.
Take advantage of tax credits:
There tax credits related to labor expenditures and employee retention. We can help you identify the tax credits your business might be eligible to receive and develop the documentation you need to claim them at tax time.
Get Help with Your Payroll in Phoenix
If you’re a Phoenix business owner who is tired of handling payroll on your own or you’re simply looking for tools that will allow you to spend less time on logistics and focus your efforts on the things that really matter, call H&H Accounting Services. We excel at providing payroll services that will save you time and money. Schedule a free one-hour consultation by contacting us at (480) 561-5805.