Payroll providers are accounting firms that set up payroll for other business firms. Since preparing payroll and tax management consume a major part of your time, many business firms rely on payroll providers to handle payroll for them.

Payroll providers mainly focus on payroll tasks such as calculating Social Security and Medicare taxes, calculating and withholding federal, state and local taxes, filing quarterly and annual payroll reports, printing employee paychecks, making direct deposit of pay into the bank accounts of employees, depositing withheld taxes with the authorities and preparing year-end employee tax documents.

You can save time and money relying on a payroll provider service to carry out payroll processing for your organization.

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