What Is Full Service Payroll?

What is Full Service Payroll? Full Service Payroll is a stress-free online tool that helps small businesses manage payroll without worrying about tax filing. Simply enter employee hours and wages and pay your employees with direct deposit, cash or check. Your payroll provider handles your federal, state and local taxes year-round, protecting you from tax mistakes and fines.

We explain:
- What should be included in a full-service payroll solution
- What key features you should look for when selecting your payroll solution
- Why you should use a full-service payroll solution at your business (and how to start running payroll online)

This video is the first in our payroll series, so be on the lookout for future videos that dive deeper into the payroll ecosystem.

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Hello! I’m Raven from TransNational Payments, and I’ll be your host for today’s segment on Full Service Payroll.

Today, I’ll explain what Full Service Payroll is; why you should use it; the key features you should look for when selecting your full service payroll solution; and how to start using Full Service Payroll at your business!

What is Full Service Payroll and why should small business owners use it?

Over 1-in-2 small business owners report spending more than 3 to 10 hours each month on payroll. That’s 45 minutes to 2.5 hours every week — way too much time for busy merchants to spend on administrative work.

Full Service Payroll changes that. It’s a fast and intuitive way to run payroll online with just a few clicks. To run payroll, you simply enter employee hours and wages, approve it and your employees are paid via check, direct deposit or cash.

Where Full Service Payroll really shines is with tax filing, which basic payroll services don’t include. When you use Full Service Payroll, your payroll provider handles all aspects of your federal, state and local taxes.

You’re protected from tax mistakes which cost 40% of small businesses an average of $845 in IRS penalties yearly.

What key features should you look for when choosing a full-service payroll solution?

Unlimited Payrolls
Run payroll online as often as you need; your price stays the same. If you run multiple payrolls every month, you’ll see significant savings compared with companies that charge per payroll, like ADP and Paychex.

Accurate & Secure Tax Filing
Accurate and secure tax filing doesn’t just provide peace of mind; it saves you serious money! In 2017, the IRS penalized businesses $5 billion for employment tax mistakes.

Your payroll provider should file and deposit all of your business’ federal, state and local taxes with guaranteed accuracy and security. If there are any errors, a reputable payroll provider will pay fines and correct mistakes.

Watch out for the end-of-year or quarterly filing fees some providers charge — they add up!

Free Setup & Expert Support
Some payroll providers charge setup fees, but TransNational Payments helps you set up your payroll portal and transfer tax history, free! And we always offer U.S.-based support via phone, email or online chat.

Free Direct Deposit
Pay your employees through direct deposit, printed or handwritten checks or cash.

Free Employee Portal
An employee portal gives your employees secure access to their pay stubs, pay history and payroll information.

Many payroll solutions offer add-ons for more convenient payroll management. Two common add-ons are Time & Attendance, an online timekeeping solution; and Human Resources software, which stores employee records and company documents securely online. When you speak with a TransNational Payments payroll expert, we can help you decide whether payroll add-ons would benefit your business!

How do you start using Full Service Payroll at your business?

Our affordable and accurate payroll solution, Full Service Payroll from TransNational Payments, starts at $30/mo & includes 1 free employee. Get started with a free 30-day trial at any time. If you have questions or want a free quote, simply fill out our contact form and a payroll specialist will help you!

With TransNational Payments, you can set up your payroll portal 1 of 3 FREE ways: You can use the guided setup wizard, request help from our payroll support team, or choose complete setup by our payroll support team.

Now, start running payroll!

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