Payroll Services for Small Business Owners
A Full-service payroll solution for your growing business
Payroll is one of the most overwhelming tasks a small business owner faces. The process is time-consuming, and a simple error can result in unhappy employees and even worse, expensive fines. Many businesses turn to cloud-based payroll services that still require the business owner to spend hours processing payroll and tracking reports. At CFO Shield, our experts handle the entire payroll process for you, customizing a system that suits your needs now and remains scalable for your business in the future.
Payroll Services Provided by CFO Shield:
Verify and correcting timekeeping records
Communicate with employees regarding paid time off (PTO) and timesheet/salary discrepancies
Obtain final approval of payroll summary for processing of checks
Import employee payroll information into payroll software
Confirm employee tax status and withholding information
Ensure proper employee documents are maintained for records
Maintain and update employee information as needed
Multi-State Tax Filings
Update payroll records for exemptions, deductions, insurance coverage, and PTO utilization
Import payroll data for final processing
Prepare checks for manual or direct deposit disbursement
Provide employee paycheck stubs
Ensure compliance and confidentiality for all employees and records
Maintain compliant policies and procedures for processing payroll checks
Process contractor payments
Ensure proper filing of documentation for services to validate payments
Process 1099 reports
Benefits of Payroll Services through CFO Shield
Our payroll services can benefit you and your business in many ways:
Reduced overhead for your company
Allows for same day processing of payroll
Centralized location to store employee documents necessary for tax filing purposes
Streamlines the PTO management process to determine remaining hours
Control to assign each employee to payroll jobs or tasks for easier job costings capabilities