PMI's Payroll Services Protect You and Your Business
An integral part of PMI's overall package of services is our payroll processing service. A small business payroll service is probably the most familiar of all outsourced services. It makes sense from a business and personal standpoint in terms of efficiency and protection from legal repercussions. PMI's payroll services are most effective when used in conjunction with our other services, and therefore are only offered as part of our comprehensive package of services.
How it Works
Our dedicated software is designed to process payroll accurately and efficiently, and is overwritten with any regulatory changes made by the government virtually the instant the changes are made public. This ensures your employees remain in full compliance. Plus, since PMI is the employer of record, all payroll tax filings are processed through our tax identification number, thus further shielding you from any liabilities.
The process begins with PMI conducting an examination of your present payroll solution. Once we fully understand your specific needs, we will implement a new, fully compliant payroll service as part of our overall package of services. Your new service will ensure accurate, timely, confidential check processing, and related taxes collected and paid accordingly.
An experienced payroll processor will be assigned to handle all your needs, and we will install Remote Data Entry (RDE) software for you so that data entered by you can be easily transmitted to us online.
You can choose to have payroll reports issued and bundled either with your paychecks or sent to you electronically. These reports can be easily posted to your general ledger using the cost allocation reports provided. As part of our comprehensive payroll solution, PMI takes care of your employee withholdings and payroll deductions, including garnishments.
Standard services include:
- Providing paychecks and stubs in sealed or unsealed envelopes
- Direct deposit to multiple bank accounts
- Cost allocation reports
- Payroll checks drawn on PMI's account
- Withholding taxes, payroll deductions, and garnishments
- All Federal and State payroll tax deposits and returns
- Paid time off (vacation/sick/personal) tracking
If you are a small or midsize business owner, CFO, or controller and face payroll-related problems such as insufficient withholding taxes, deficiencies or filing notices, PMI can help. Contact us today to learn more about our small business payroll service as an integral part of our overall package of services for small- and mid-size businesses.