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IMPORTANT QUALITIES TO LOOK FOR IN A PAYROLL SERVICE
Writer • Apr 10, 2019
If you own or operate a business, there’s almost nothing more important to get right than your company’s payroll. Payroll errors, even seemingly insignificant ones, can easily derail your business or cause your employees to become angry and dissatisfied. Additionally, payroll problems may open your business up to legal liability from employees, unions, government agencies and other entities.
It’s exceptionally important that your business’ payroll is handled by a highly qualified, experienced and trusted professional. Because payroll is such a sensitive issue, many businesses contract out payroll responsibilities to a trusted financial services firm. Relying on payroll services in Oklahoma City, OK allows companies to free up vital resources and focus on growing their own business, rather than worrying about the nitty-gritty details of processing payroll.
Because payroll is so important, however, it’s important that you only contract this immense responsibility out to a financial services firm that you’re completely confident in. If you have any doubts about the company that you’re working with, you should likely take your business elsewhere.
There are a number of qualities that you should look for in a payroll firm, including the following:
- Longstanding reputation: If a financial services company has been in business for a while, it’s likely a sign that they’re doing something right. You should be able to check the history of the company you’re considering bringing your payroll to. They should have a long list of references that you can cross-check before doing business with them.
- Compliance expertise: Local laws and regulations regarding employee payment are changing all the time. That’s why it’s important to work with a payroll service provider that’s capable of staying on top of the latest industry changes. The right payroll service should have a thorough, robust knowledge of current laws, as well as laws in the pipeline.
- Full service menu: If you’re going to be working with a financial services firm for your company’s payroll, it will likely make sense to have them handle other aspects of your company’s finances, as well. For instance, you may want to consider having them handle your accounting or taxes.
- Latest industry software: Employees want to receive their pay promptly and in a way that’s easy for them to see and understand. That’s why it’s important to work with a company that specializes in the latest industry software. Many modern payroll services are capable of connecting employees with the details of their checks via apps and emails.
Chrisman & Chrisman Financial Services has been a top provider of payroll services in Oklahoma City, OK since 1982. We’re proud to provide high-quality financial advice and services to a range of personal and business clients. We belong to the National Society of Accountants, and possess the experience, expertise and knowledge necessary to advance your company’s financial interests. To learn more about ways that we can help you make the most of your company’s potential and alleviate the burden of processing payroll, reach out to one of our friendly financial experts today.
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