Employees stand as a company’s most esteemed asset and simultaneously constitute one of the most substantial expenditures delineated in financial statements. For numerous enterprises, especially smaller ones, the intricacies of payroll management and filing necessitate a dedicated staff member. The associated risks stemming from inaccurate payroll administration make it an ideal candidate for outsourcing.
American First is poised to shoulder the responsibilities of both payroll management and filing. Covering everything from onboarding to separation, we adeptly manage payroll records, ensuring precision, completeness, and compliance with federal and state regulations. Our commitment extends to guaranteeing accurate and timely payroll filings, significantly mitigating the risks of enforcement actions and tax assessments
A typical payroll service contract with American First includes:
- Developing an onboarding process to ensure that employees’ tax information is collected according to tax regulations
- Advising the client on developing a payroll schedule and tax payment schedule
- Creating and implementing a framework for processing payroll that is customized to the client’s industry-specific needs
- Generating and storing employee payroll records
- Developing and implementing a process for payroll filings and tax payments
American First can help you identify the payroll solutions that meet your business’s needs.