Adding Payroll Services to your accounting firm can unlock limitless revenue potential.
As your clients' trusted advisor, growth often brings rising administrative costs and challenges in maintaining your personal service. Rapid changes in payroll, tax, benefits, and HR regulations add complexity to scaling your business. Boston Payroll is here to support you, providing technology-driven solutions that streamline operations, reduce costs, and allow you to focus on what matters most—serving your clients. Our comprehensive, flexible platform offers a single, secure login for all client data, reports, tax information, and more, tailored to meet the unique needs of each client.
Comprehensive Solutions: Offers a one-stop-shop for accounting, payroll, and tax services.
Time Savings for Clients: Frees up clients’ time by outsourcing payroll complexities, allowing them to focus on their core business.
Streamlined Processes: Automates data sharing between accounting and payroll systems, reducing manual data entry and errors.
Real-Time Access: Provides up-to-date payroll and tax information for better financial analysis and reporting.
Specialized Knowledge: Leverages payroll company expertise in handling complex scenarios like multi-state payrolls or contractor payments.
Support with Regulatory Changes: Helps clients stay updated with constantly changing payroll laws and regulations.
Attracting More Clients: Offering payroll services can be a differentiator and attract businesses looking for end-to-end financial solutions.
Cross-Selling Opportunities: Creates avenues for providing additional services like HR consulting, tax advisory, or business consulting.
Scalability: Supports the firm in managing larger client bases and more complex operations efficiently.
Recurring Income: Gains from referral partnerships, shared revenue models, or white-label payroll services.
Additional Services: Opens the door to upselling financial planning, tax services, or employee benefits management.
Risk Mitigation: Reduces the accounting firm’s exposure to liability by relying on the payroll company’s compliance systems and expertise.
Trust and Loyalty: Providing seamless payroll solutions builds trust and long-term client loyalty.
Collaborative Partnership: Positions the firm as a proactive partner in clients’ success, not just a service provider.
Integrated Systems: Reduces workload for the firm by integrating payroll data directly into accounting systems.
Ease of Reporting: Offers consolidated reports for payroll, accounting, and tax, simplifying financial management for clients.
FAQs
Boston Payroll offers a wide range of services designed to streamline and simplify payroll and HR functions for businesses. Here’s an overview of the core services provided
Calculation and processing of employee wages and salaries, including regular, overtime, bonuses, and commissions. Automatic deductions for taxes, Social Security, Medicare, and other withholdings. Direct deposit setup and check printing for employee payments.
Calculation, filing, and payment of federal, state, and local payroll taxes.
Preparation and filing of quarterly and annual tax forms, such as Form 941, 940, W-2s, and 1099s.
Compliance with tax regulations, including updates on new tax laws and withholding requirements.
Management of employee benefit programs such as health insurance, retirement plans, and paid time off (PTO).
Deduction tracking and integration of benefit costs into payroll.
COBRA administration for continued healthcare benefits.
Timekeeping solutions, such as biometric systems, mobile time tracking, and web-based clock-in/out systems.
Integration of hours worked into payroll processing to ensure accurate payment.
Customizable reports to monitor employee attendance and overtime.
Secure portals for employees to view pay stubs, W-2 forms, and manage personal information.
Access to benefits enrollment and time-off requests.
Assistance with workers’ compensation insurance, including premium calculation and payroll deductions.
Reporting and support with claims processing.
Management of 401(k) and other retirement contributions and deductions.
Coordination with retirement plan providers for accurate reporting and payments.
Detailed payroll reports for tracking payroll expenses, benefits, tax obligations, and more.
Customizable reporting options to support budgeting and financial planning.
Filing of new hire information with state agencies as required by law.
Calculation and processing of wage garnishments, child support, and other court-ordered deductions.
Payroll support for businesses operating in multiple states.
Compliance with varying state-specific payroll and tax regulations.
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