Payroll & HCM for Small Businesses
Running a small business is hard enough without worrying about payroll & HR. That’s where IRIS Payroll & HCM Services come in.
Streamline your operations, ensure compliance, and enhance employee satisfaction for your small business with our expert payroll & HCM services.
Why Does Your Small Business Need a Payroll & HCM Service Provider?
Handling payroll manually or in-house can lead to financial mistakes, legal troubles, and unhappy employees. Without the right solution and expertise, these issues can escalate rapidly. Employees expect timely, accurate pay with transparent access to the payroll process. Small business owners need confidence in the accuracy of employee, financial, and tax data. A manual approach might seem easy but is prone to errors and becomes unsustainable as your business grows.
A payroll & HCM service provider can help you avoid these pitfalls and keep your business running smoothly.
IRIS Payroll & HCM Service Benefits
Managing payroll & HCM in-house can be tough for small businesses. It often leads to inefficiencies, errors and wasted time. But with the right help, you can simplify your payroll taxes, minimize time spent on administrative tasks, provide employee-friendly self-service tools, integrate HR processes into a single platform, and feel confident about your business’ ongoing compliance.
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Employee Self-Service
Implementing a payroll solution significantly enhances employee satisfaction, engagement, and retention by offering employee self-service options through a 24/7 mobile platform. This enables employees to enter payroll or timekeeping data, update personal information, set up direct deposits, complete tax forms, and finish onboarding tasks from anywhere with an internet connection. Such a system ensures flexibility in receiving accurate and on-time payments, increases transparency and trust in the payroll process, and provides a single source of truth for addressing any concerns regarding payments, tax information, overtime, and other payroll-related details.
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Simplified Business Taxes
Navigating small business taxes can be challenging, but a comprehensive payroll solution simplifies the process by automatically calculating, deducting, and paying all payroll taxes while incorporating all liabilities and jurisdictional regulations. It streamlines quarterly and annual reporting, generates and distributes 1099s and W-2s, and manages employee-specific payroll considerations such as garnishment payments and accurate payments for both non-exempt and exempt employees. Additionally, a robust payroll system ensures compliance by sending new-hire reports to required government agencies and helps identify and claim eligible tax credits like the employee retention credit (ERC) and work opportunity tax credit (WOTC)
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Easy Integration
A qualified payroll provider and solution should seamlessly integrate your payroll process with timekeeping, benefits administration, onboarding, workforce management, and other HR-related processes. This eliminates redundant manual data entry across multiple platforms and simplifies processes like electronic onboarding, including preboarding. Payroll integration with other HR functions also enhances reporting and analytics, offering valuable insights into job performance, productivity, timekeeping trends, and PTO utilization.
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Reduced Costs and Time Spent
Some businesses adopt a manual payroll process to avoid the costs of professional payroll support, but this approach often leads to time-consuming tasks, financial inaccuracies, and legal consequences. IRIS Payroll & HCM Services provides a seamless payroll solution that automates compliance with regulations and tax laws, ensuring accurate and consistent payroll processing. By doing so, we help businesses focus on core activities and avoid the pitfalls of manual payroll, ultimately enhancing ROI and service experience while facilitating ease-of-use for employees.
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Legal Compliance & Personalized Support
Navigating the complexities of payroll tax responsibilities requires awareness of various local, state, federal, and industry-based compliance considerations, which often change and affect tax rates, payment frequency, and employee classification. IRIS Payroll & HCM Services assists with IRS inquiries, manages state unemployment insurance (SUI), and handles tax filings with appropriate agencies. Our compliance experts ensure your business stays informed and prepared for changes, making necessary payroll or timekeeping adjustments promptly. We offer personalized customer support and employ world-class security measures to protect sensitive data.
Resources for Small Businesses
6 Payroll Management Mistakes and How to Avoid Them
Learn more about six of the most common payroll management mistakes, their consequences, and how to avoid them with IRIS.
How to Implement a Uniform Payroll System Across Your Franchise
Discover how implementing a uniform payroll system across your franchise can streamline operations, ensure compliance, and boost employee satisfaction.
Payroll for Small Business: 6 Things Everyone Should Know
Learn the six essential things every small business should know about payroll management. Find out how to streamline your payroll process!
Get in touch
Stop worrying about getting your payroll right. Take steps towards stress-free payroll and HCM by completing our contact form.
Frequently Asked Questions
Fundamentally, a payroll service provider should help any small business administer payroll, remain compliant, and fulfill all employment tax obligations. Payroll services should alleviate the need for manual in-house payroll processing while improving accuracy, reporting, and employee satisfaction. The right solution should include a cloud-based payroll platform and comprehensive professional support to ensure your employees are paid accurately, on time, and granted transparent access to HR processes along the way.
The best payroll services are mobile (offering access at any time and from a range of devices) and should easily integrate with HR processes like timekeeping, onboarding, benefits administration, workforce management, and more. The right payroll solution should also feature compliance tools to flag errors while allowing you to offer flexible payment options to your employees and calculate, file, and pay taxes with peace of mind.
Since business taxes, compliance, and payroll are interconnected, it’s important to choose a provider with proven experience in all of these areas and capable of providing customer and technical support that meets the specific needs of your business based on size, jurisdiction, industry, and other factors.
The overriding benefit of payroll software is that it frees up time and energy for you and your employees to focus on primary business goals and high-priority projects. When your employees are paid precisely and enjoy an intuitive, easy-to-use platform to complete timekeeping and payroll tasks, they are more productive and satisfied.
Likewise, when you (as an employer) feel confident that your business is fully compliant with all applicable regulations and is submitting payroll taxes accurately and on time, it allows you to improve business operations, expand your customer base, and focus on organizational growth without payroll-related preoccupations or lingering financial or reputational concerns.
