Moxy Payroll offers customized solutions with competitive pricing to manage your payroll. We partner with Heartland, offering flexible, scalable plans. Plus, Business News Daily rates Heartlands as one of the top 10 POS systems. With an easy-to-use interface, we offer complete payroll solutions for many different size businesses.
Some Of The Benefits Of A Payroll Management System
Although you may have thought running a business would be hard, you didn’t anticipate the seemingly endless number of regulations. In particular, the Fair Labor Standards Act (FLFA) requires employers to keep certain information for each worker.
Using a payroll management system helps keep you compliant with all federal and state laws Plus, you can keep track of employees’ wages and time worked while calculating taxes and deductions.
Best of all, using accounting software will free up your time to manage other important tasks. Undoubtedly, manually computing payroll is extremely time-consuming and leaves plenty of room for mistakes. The comprehensive oversight of an accounting management product helps ensure accurate payroll.
Accuracy In Managing Payroll Is Essential
Certainly, accuracy in calculating payroll ensures you’re compliant with tax policies. Equally important, correctly computing your employees’ wages builds employee confidence. Imagine working for a company that always made payroll mistakes. Or had insufficient funds so the checks bounced.
Accordingly, payroll begins with keeping track of all your employees’ hours. Not only are tracking employee hours important for generating accurate payroll, it’s also crucial to ensure compliance with labor laws. For example, state laws regulate the number of hours and time minors may work.
Moreover, you must calculate their gross wages according to each employee’s pay rate. Often, you’ll have employees at different pay rates. Additionally, if your employees receive tips, you have multiple obligations as to record-keeping and responsibilities.
Next, you must deduct taxes for each employee’s pay based on their withholding specifications. In addition to collecting taxes, you must submit these funds to the IRS on time. Failure to do so may result in a penalty of up to 15 percent.
Besides all these mathematical calculations, you need to file the correct forms. Plus, as an employer, you are responsible for both federal and state unemployment tax.
FAQs About Hiring A Payroll Processing Company
Certainly, you can find many payroll processing companies offering different types of software. To help you sort through all the options, we’ve compiled a list of our most frequently asked questions. If you have any others, please call us at 803-739-1190 and one of our friendly staff members will assist you.
Can Your System Keep My Business Compliant With ACA Reporting?
Undoubtedly, government rules and regulations change all the time. For a business, it can be a nightmare trying to keep compliant.
For instance, President Obama signed the Affordable Care Act into law in 2010. Although you may not think healthcare affects payroll, the law contains benefits and responsibilities for employers. You may need to provide health insurance for your employees resulting in reporting requirements and payroll deductions.
Moxy Payroll can help you remain compliant with ACA reporting. We can help you prepare and file all the necessary reports required under ACA. Plus, our system will help you stay abreast of other new federal or state requirements like minimum wage requirements.
Do You Offer A Free Demonstration?
Absolutely! We love to show how easy and simple our system is to use. Moreover, we can customize your payroll solutions to fit the specific needs of your company. Businesses are unique. Your payroll software should be too!
For example, restaurant payroll software must calculate wages differently than a retail store. Whereas retail workers must receive minimum wage, generally, restaurant workers often receive lower wages due to tipping.
Plus, when you use our system, you’ll have a dedicated U.S.-based specialist to handle your account. You’ll receive one-on-one assistance to guide you through employee issues and labor laws.
Moreover, our technology secures all your information for safe transactions. Securing all your data is just as important to us as it is to you. Furthermore, we’ll be with you as your business grows, providing solutions as your needs evolve.
Why struggle with completing your payroll when we can help? Get your free demo by calling 803-739-1190.
Can Your Payroll Software Work With A Restaurant POS System?
Certainly, running any company is stressful. However, running a restaurant has its unique challenges. Keeping track of marketing trends, controlling food costs, and menu pricing are just some of the responsibilities owners face. Yet, incorporating a POS system with your payroll can streamline your operations.
One of the biggest reasons why restaurants fail is a lack of proper accounting. However, with integrated data, you can easily automate reports to make business decisions using relevant information. For example, using historical data, you can forecast sales to optimize your labor force. Additionally, you’ll have useful insights and a clear representation of your financial situation.
Are you handling your payroll correctly? Join us on Facebook to find out more about accounting solutions perfect for your company. When searching for complete payroll solutions, you need Moxy Payroll!