Payroll management is an integral part of any business. It's not just about disbursing salaries; it's about ensuring compliance, managing taxes, and fostering employee trust. At Summit Business Advisors, we understand the complexities of payroll and are here to simplify it for you.
Why Payroll Management is Crucial for Businesses
Key Benefits of Effective Payroll Management
- Employee Trust: Timely and accurate salary disbursement boosts employee morale and trust.
- Regulatory Compliance: Proper payroll management ensures adherence to tax laws and other regulations.
- Financial Management: It helps in budgeting and financial planning.
Challenges of In-House Payroll Management
- Complex Tax Calculations: Keeping up with ever-changing tax laws can be daunting.
- Time-Consuming: Requires dedicated hours every month.
- Risk of Errors: Mistakes can lead to hefty penalties.
Why Outsourcing Payroll is the Smart Choice
Benefits of Outsourcing Payroll with Summit Business Advisors
Save Money: Outsourcing is often more cost-effective than hiring and training specialized in-house staff. Plus, you can avoid penalties from potential errors.
Simplify the Process: With Summit Business Advisors, you're relieved of the responsibility of maintaining an intricate payroll system. We handle everything, from basic calculations to advanced tax considerations.
Stay Updated: Tax laws, especially related to payroll, are constantly evolving. We ensure you're always compliant, saving you from potential legal hassles.
Comprehensive Reports: Get a holistic view of your payroll with our detailed reports. Whether it's union reports, certified payroll, or workers’ compensation reports, we've got you covered.
Timeliness: Never miss a deadline again. With our expertise, all payroll tasks are completed promptly.
Happy Contractors: We assist with 1099 compliance, W-9 requests, and 1099-K reconciliations, ensuring your contractors are always satisfied.
Integrating HR with Payroll
The Synergy of Payroll and HR
Payroll and HR often overlap. By integrating the two, businesses can achieve greater efficiency and accuracy. Here's how we can help:
- On-time Payroll Tax Deposits: Pay your staff on-time, every time without worry
- Employee Reimbursements: Streamlined and timely.
- Integrated Benefits: From 401(k) plans to health benefits, everything is managed seamlessly.
- Automated Vacation and PTO Tracking: Say goodbye to manual tracking and errors.
Sprinkle Some HR Magic on Your Payroll
While payroll is about numbers, HR brings in the human touch. When combined, they can work wonders for your business. Our additional HR services include:
- Integrated Worker’s Compensation Payments: No more annual audits.
- Employee Benefits Management: Ensuring your employees get the best benefits, aligned with industry standards.
- Training and Development: Investing in your employees' growth.
Payroll doesn't have to be a headache. With the right partner, it can be a breeze. At Summit Business Advisors, we're committed to providing top-notch payroll services, ensuring you can focus on what you do best - growing your business.
Here's What Our Clients Have to Say About Us
Delivers far beyond anything you ask
"Capable does not even describe the abilities, capabilities, and scope of Veronica’s way of serving your company. Veronica Herrera delivers far beyond anything you ask of her. She is so bright and an utter blessing to know and work with on any of your needs – a delight and relief in today’s world."
- Martin W. “Bud” Pernoll
Proactive and Professional with the big picture in mind
"Knowledgeable, thorough and timely bookkeeping services. proactive, professional with the big picture in mind. Veronica is business savvy providing guidance every step of the way!”
- Karen Folwell
Direct and easy to understand.
"Direct and easy to understand. She explains herself clearly and does not sugarcoat any information we need to know."
- Ximena Herschberg
Now I can spend time on growing my business
"Being able to see my P&L online anywhere is great. I used to dread that time because of all of the work I had to do but now I know it’s done and I can spend my time on growing the business."
- Robert Nevarez
With Summit Business Advisors, Your Path to Success is as easy as 1-2-3
Start with a Basecamp Assessment
We’ll discuss your business and financial goals and what is preventing you from reaching them, and run a full diagnostic on your business financials to better understand how we can help you.
Begin Your Ascent
We explain the findings from our review, the challenges before you and how you should specifically address them with a series of customized recommendations.
Reach Your Summit
With our guidance and support, we help you to get confidence in your financials, make accurate data-driven financial decisions, and provide a clear path to reach success in your business journey.
Your path to the summit starts now with knowing your score
With Summit Business Advisors, project-based businesses have real-time visibility into their performance and can make data-driven decisions that drive results.
✓ Profit First
✓ Utilization rate, and
✓ Net revenue per employee