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PAYROLL PROCESSING By Company.payroll

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Page 1: Payroll Processing by Company.Payroll

PAYROLL PROCESSINGBy Company.payroll

Page 2: Payroll Processing by Company.Payroll

Payroll Past vs. Present

Access your payroll from anywhere, regardless of device, platform or

operating system. Company.payroll features the latest cloud-based

payroll and related HR services, meeting the needs small and

medium sized businesses everywhere.

• Unsecure

• Paper Dependent

• Labor Intensive

• Manual

• Costly

• Secure

• Paperless

• Integrated

• Automated

• Affordable

• Collaborative

Page 3: Payroll Processing by Company.Payroll

Why do business customers need this service?

Did you know…• Various sources within the payroll industry feel that regulations for

secure payroll data compliance are imminent. Increased data

security has already taken effect in various industries. Credit card

processing (PCI Compliance) and health care (HIPPA Compliance)

are just a few.

• Currently, only 20% of U.S. businesses outsource payroll to providers

who offer secure and compliant environments that protect employer

and employee payroll data. In the very near future, outsourcing

payroll will be not just an option; it will be a requirement.

Page 4: Payroll Processing by Company.Payroll

Why Do Business Customers Need This Service?

Did you know?

According to the IRS, 40 percent of small businesses pay an average

penalty of $845 per year for late or incorrect filings and payments.

Company.payroll provides a tax guarantee, ensuring that customers will

incur no penalties. We take responsibility for penalties and interest in

the rare event that they do occur. In many instances, this cost-savings

immediately justifies outsourcing payroll.

Page 5: Payroll Processing by Company.Payroll

Meeting Today’s Payroll and HR Needs

Company.payroll offers businesses of any size enterprise-quality

solutions for payroll, time and attendance, and HR in a collaborative

single sign-on environment.

Page 6: Payroll Processing by Company.Payroll

OVERVIEW OF

PRODUCTS & SERVICES

Employer on the GO, Reporting, My

Employee on the GO & HR Tools.

Page 7: Payroll Processing by Company.Payroll

Employer on the GO

Employer on the GO allows you to manage your payroll ANY TIME,

ANYWHERE, ON ANY DEVICE.

• Intuitive online payroll and workforce management tool

• Employee onboarding

• Time and Attendance

• Integrated HR tools

Page 8: Payroll Processing by Company.Payroll

Employer on the GO

• Preview payroll results to reduce errors

• Payroll tax compliance

• Unlimited earning and deductions codes

• Payroll for restaurants and tipped employees

• Check calculator, gross-to-net or net-to-gross

• Online employee self-service

• Import your general ledger from QuickBooks, Peachtree and any

other accounting package.

• Human resources

• Workers' Compensation Insurance

• Time and attendance

• Background checks

Page 9: Payroll Processing by Company.Payroll

Employer on the GO Data Security

Employees’ personal

financial information is

maintained in environment

designed specifically to

protect sensitive financial

information.

Page 10: Payroll Processing by Company.Payroll

Employer on the GO Dashboard

Page 11: Payroll Processing by Company.Payroll

Reporting

Reporting has been revolutionized. You have easy and convenient

access to your data. Employer on the GO offers real time access to

payroll reports each pay period. The Report Wizard and Quick Reports

tools also allow you to run and print numerous reports from your

historical data.

Page 12: Payroll Processing by Company.Payroll

MY EMPLOYEE ON THE GO

Employee Self Service, Timekeeping and

Electronic PTO Requests.

Page 13: Payroll Processing by Company.Payroll

My Employee on the GO

Page 14: Payroll Processing by Company.Payroll

My Employee on the GO

What is it? • Comprehensive online employee portal that improves efficiency,

engages employees, enhances communication, and streamlines

HR processes.

Who’s it for?

• Employee: Provides employees with a single login and

comprehensive set of tools to interact with their employer.

• Company: Provides the company, managers, and its HR team with

a platform to engage and communicate with their employees.

• Payroll Bureau: Provides the Payroll Bureau a new product to

integrate directly into a client’s HR process.

Page 15: Payroll Processing by Company.Payroll

My Employee on the GO

Employee Self Service

Employees receive secure internet access to a variety of tools that enable

them to take control of their personal and financial matters, including viewing:

• Profile information: name, address, W4, state and withholding allowances,

contacts and more.

• Payroll and tax information: details of current and previous years’ per pay

period employee compensation statements, deductions, PTO and direct

deposit amounts.

• Annual tax forms: current and previous years’ W2s and 1099s.

• Time and Attendance: details of each day’s time clock transactions for the

current and previous pay periods, including time clock punches and hours

worked.

Page 16: Payroll Processing by Company.Payroll

My Employee on the GO

Timekeeping

Employers no longer have to gather time sheets, compute the total hours and

re-key into the payroll system. All that is done automatically and accurately.

Employees are issued time cards, which allow them to clock in and out through

an electronic time clock, or they can simply log in to our secure web clock with

a user name and password to clock in and out.

Increase Productivity and Profitability

• Time savings: Substantially reduce the time spent preparing time sheets, audits and

reports.

• Increase accuracy: Minimize our eliminate costly human error in time sheet

preparation.

• Increase productivity: Over 20 hours of productivity per year is lost by an employee

who arrives late, extends a break or lunch, or leaves early.

• Increase profitability: Time theft is all too common and can result in lost profits, not to

mention overtime, taxes and benefits.

Page 17: Payroll Processing by Company.Payroll

My Employee on the GOPaid Time Off Request

Page 18: Payroll Processing by Company.Payroll

Reporting

Page 19: Payroll Processing by Company.Payroll

Company.hireSimple and cost effective hiring solutions

for your business.

• One-click job advertising

• Background checks

• Paperless onboarding

Page 20: Payroll Processing by Company.Payroll

Creating Job Descriptions

Advertising Costs on Job

Boards

Managing Paperwork

Consistency and

Compliance

Sifting Through Mounds of Emails and Resumes

Interviewing Unqualified Applicants

Hiring Challenges

Page 21: Payroll Processing by Company.Payroll

Hiring is expensive!

Cost Per Hire• Services – Hospitality & Food $1,062

• Arts & Entertainment $1,394

• High-tech $3,357

Page 22: Payroll Processing by Company.Payroll

Avoiding Bad Hires

After a new employee’s

first week, the CEO of

Zappos.com will offer that

employee a $2,000

bonus…..

….to leave the company.

22

Page 23: Payroll Processing by Company.Payroll

Employee Recruitment Solutions

Job Description Library

Discounts on Advertising

Automated Applicant Tracking & Scoring

Background Checks & Drug Screening

Paperless Onboarding

Page 24: Payroll Processing by Company.Payroll

A cloud-based portal

allows the customer to

access job postings,

applicant submissions

and important

documents.

Hiring Dashboard

Page 25: Payroll Processing by Company.Payroll

Customers can create

qualifying questions to

filter applicants and

streamline the screening

process.

Weighted Evaluation Criteria

Page 26: Payroll Processing by Company.Payroll

THE MOST QUALIFIED CANDIDATES

AUTOMATICALLY APPEAR AT THE TOP

OF THE SCREEN

Instant Visibility

Page 27: Payroll Processing by Company.Payroll

Discounts on Advertising

• Package A - $249

• Package B - $349

• Package C - $449

• Package D - $475

1 post = $295

1 post = $395

1 post = $419

Page 28: Payroll Processing by Company.Payroll

Competitive Analysis

Page 29: Payroll Processing by Company.Payroll

Industry Facts

• Various sources within the payroll industry feel that regulations for secure

payroll data compliance are imminent. Increased data security has already

taken effect in various industries. Credit card processing (PCI Compliance)

and health care (HIPPA Compliance) are just a few.

• Currently, only 20% of U.S. Businesses outsource payroll to providers who

provide secure and compliant environments that protect employer and

employee payroll data. In the very near future outsourcing payroll will be not

just an option, it will become a requirement.

• According to the IRS, 40 percent of small businesses pay an average penalty

of $845 per year for late or incorrect filings and payments?

Page 30: Payroll Processing by Company.Payroll

Why Outsource Payroll?

• Reduce costs

• Reduce complexity and risk

• Alleviate pain

• Multiple payment options

• Free up time

• Avoid technology headaches

• Leverage outside payroll expertise

• Avoid payroll knowledge walking out the door

Page 31: Payroll Processing by Company.Payroll

HANDLING

OBJECTIONS

Page 32: Payroll Processing by Company.Payroll

Handling Objections

Objections Response

We are too small. We offer programs starting

at $49.00 a month.

Our household payroll

program is as low as

$29.00 a month.

Page 33: Payroll Processing by Company.Payroll

Handling Objections

Objections Response

Our CPA handles payroll With our solutions you could

save the money you would

normally pay your CPA for

quarter and year-end

reports.

Also, most CPAs will not

offer a tax guarantee in the

event of a fine.

Page 34: Payroll Processing by Company.Payroll

Handling Objections

Objections Response

Will this work with my

existing Time & Attendance

Program?

Yes. Most of these types of

programs have the ability to

export out a data file, and in

most cases we are able to

use this data file to update

the payroll system.

Page 35: Payroll Processing by Company.Payroll

WHY BUYS

Page 36: Payroll Processing by Company.Payroll

Lower Processing Costs

Company.payroll #EmployeesCost/Employee/Payr

oll

Annual

Savings*

Core Package 8 $6.06 $5,364.00

Power Package 8 $7.06 $4,039.00

Platinum Package 8 $8.06 $3,690.00

Manual Cost$34/Employee

100 to 300 Employees

*vs. Manual ProcessingAssumes 2 pay periods per month

Why Buy?

Page 37: Payroll Processing by Company.Payroll

Company.payroll

provides a tax guarantee

ensuring the customer

will incur no penalties.

Why Buy?

Page 38: Payroll Processing by Company.Payroll

Why Buy?

Packages Start at

Only $49/month

Page 39: Payroll Processing by Company.Payroll

PAYROLL COSTS,

BUNDLES & SERVICESCore, Power and Plus

Page 40: Payroll Processing by Company.Payroll

Pricing

Page 41: Payroll Processing by Company.Payroll

Company.payroll CORE Plan Features

CORE Plan Features:

• Cloud-based employer portal – access and run payroll from

any device, any time

• File and pay taxes, guaranteed – never miss a payment, never

receive a penalty. Company.payroll takes 100% responsibility

for filing accuracy.

• Electronic payroll distribution – with fully electronic payroll,

sensitive data is safe.

• Easily pay W-2s and 1099s

• Choose your pay method: check, direct deposit or payroll debit

card

Page 42: Payroll Processing by Company.Payroll

Company.payroll POWER Plan Features

POWER Plan Features:

All CORE Plan features –

• Cloud-based employer portal – access and run payroll from any device, any time

• File and pay taxes, guaranteed – never miss a payment, never receive a penalty. Company.payroll takes 100% responsibility for filing accuracy.

• Electronic payroll distribution – with fully electronic payroll, sensitive data is safe.

• Easily pay W-2s and 1099s

• Choose your pay method: check, direct deposit or payroll debit card

PLUS –

• Report Library – access all of your payroll data and run hundreds of custom reports to review every aspect of your payroll.

• QuickBooks integration – Seamlessly integrate your payroll with your general ledger in QuickBooks.

• Pay-as-you-go Workers’ Comp – Improve cash flow management by automatically paying Workers’ Comp each period, based on actual payroll.

• Employee Self Service – reduce printed material and distribution costs by giving employees secure access to their own payroll, tax, time and attendance information.

• Electronic CPA report distribution

• Affordable Care Act reporting

Page 43: Payroll Processing by Company.Payroll

Company.payroll COMPLETE Plan Features

COMPLETE Plan Features:All CORE and POWER Plan features –

• Cloud-based employer portal – access and run payroll from any device, any time

• File and pay taxes, guaranteed – never miss a payment, never receive a penalty. Company.payroll takes 100% responsibility for filing accuracy.

• Electronic payroll distribution – with fully electronic payroll, sensitive data is safe.

• Easily pay W-2s and 1099s

• Choose your pay method: check, direct deposit or payroll debit card

• Report library – access all of your payroll data and run hundreds of custom reports to review every aspect of your payroll.

• QuickBooks integration – Seamlessly integrate your payroll with your general ledger in QuickBooks.

• Pay-as-you-go Workers’ Comp – Improve cash flow management by automatically paying Workers’ Comp each period, based on actual payroll.

• Employee Self Service – reduce printed material and distribution costs by giving employees secure access to their own payroll, tax, time and attendance information.

• Electronic CPA report distribution

• Affordable Care Act reporting

PLUS –• Cloud Based Employee Portal

• Complete HR Outsourcing – The Company.payroll HR Support Center keeps your business up to speed with changing HR needs. You have online access to employee handbooks, pre-written HR forms and letters, job descriptions and required HR forms.

• Time and Attendance – Electronic time cards and clocks are easier and more accurate than the old methods, and make reporting easy.

• Electronic PTO Requests

• Task Management

• Job Posting / Background Checks

Page 44: Payroll Processing by Company.Payroll

CLIENT SIGN UP

PACKAGEPayroll checklist, Sales order form, Employer

agreement & MPA information

Page 45: Payroll Processing by Company.Payroll
Page 46: Payroll Processing by Company.Payroll

Payroll Checklist

Page 47: Payroll Processing by Company.Payroll

Sales Order Form

Page 48: Payroll Processing by Company.Payroll

Client/Employer Agreement

Page 49: Payroll Processing by Company.Payroll

Completing Paperwork with MPA

Information

Page 50: Payroll Processing by Company.Payroll

Client Information

Page 51: Payroll Processing by Company.Payroll

Company.payroll Glossary

Term Definition

General Ledger Tool containing all the accounts for recording transactions relating to a

company's assets, liabilities, owners' equity, revenue and expenses.

Workers’

Compensation

A form of insurance providing wage replacement and medical benefits

to employees injured in the course of employment in exchange for

mandatory relinquishment of the employee's right to sue his or her

employer for the tort of negligence.

Direct Deposit The electronic transfer of payments to any bank in the U.S. which is a

member of an automated clearing house.

Payroll Debit Card Each pay period, the payroll debit card is automatically loaded with the

full or partial value of employee’s paycheck. This enables employees

without bank accounts to make purchases and receive cash back at

retailers, and to obtain cash at ATM machines – up to the amount of

the paycheck.

Page 52: Payroll Processing by Company.Payroll

Company.payroll Glossary (continued)

Term Definition

EIN Employer Identification Number: The IRS and state code for an employer, how

an employer is identified for tax purposes.

Withholding

Amount

The amount withheld from employee wages for the payment of employment

and other taxes.

Payroll Register A report that specifies pay amounts, taxes withheld, and other payments made

in association with payroll services.

Page 53: Payroll Processing by Company.Payroll

PAYROLL QUIZ

Page 54: Payroll Processing by Company.Payroll

Payroll Quiz: Question

1. According to the IRS, what is the average annual penalty

for late and incorrect filings of payroll taxes?

a) $345

b) $545

c) $845

d) $1145

Page 55: Payroll Processing by Company.Payroll

Payroll Quiz: Question

1. According to the IRS, what is the average annual penalty

for late and incorrect filings of payroll taxes?

a) $345

b) $545

c) $845

d) $1145

Page 56: Payroll Processing by Company.Payroll

Payroll Quiz: Question

2. According to the IRS, what percentage of small

businesses face penalties for late and incorrect filings of

payroll taxes?

a) 10%

b) 25%

c) 40%

d) 50%

Page 57: Payroll Processing by Company.Payroll

Payroll Quiz: Question

2. According to the IRS, what percentage of small

businesses face penalties for late and incorrect filings of

payroll taxes?

a) 10%

b) 25%

c) 40%

d) 50%

Page 58: Payroll Processing by Company.Payroll

Payroll Quiz Question

3. Name one reason why small businesses should

outsource their payroll.

a) Avoidance of IRS tax penalties

b) More time to focus on revenue generating areas of the

business

c) Additional HR tools to improve efficiency

d) All of the above

Page 59: Payroll Processing by Company.Payroll

Payroll Quiz Question

3. Name one reason why small businesses should

outsource their payroll.

a) Avoidance of IRS tax penalties

b) More time to focus on revenue generating areas of the

business

c) Additional HR tools to improve efficiency

d) All of the above

Page 60: Payroll Processing by Company.Payroll

Payroll Quiz Question

4. Identify one feature of My Employer on the GO.

a) Electronic PTO request

b) Gift card acceptance

c) ACA Reporting

d) None of the above

Page 61: Payroll Processing by Company.Payroll

Payroll Quiz Question

4. Identify one feature of My Employer on the GO.

a) Electronic PTO request

b) Gift card acceptance

c) ACA Reporting

d) None of the above

Page 62: Payroll Processing by Company.Payroll

Payroll Quiz Question

5. What is the advantage in having Company.payroll as

your payroll services provider?

a) World class customer service

b) Competitive pricing

c) HR products and integrations

d) Timely filings and tax payment guarantees

e) All of the above

Page 63: Payroll Processing by Company.Payroll

Payroll Quiz Question

5. What is the advantage in having Company.payroll as

your payroll services provider?

a) World class customer service

b) Competitive pricing

c) HR products and integrations

d) Timely filings and tax payment guarantees

e) All of the above

Page 64: Payroll Processing by Company.Payroll

Payroll Quiz: Answers

1. C

2. C

3. D

4. A

5. E