For businesses and non-profit organizations, staying on top of the management of your most important resources – your workers – is key to the success of your operation. Staff to take care of this may be limited, or lack the knowledge to manage this sensitive area correctly.
Whether it is managing payroll, onboarding new employees and contractors, or completing employer registrations for states in which you have new workers, there are many detailed deadlines to be mindful of. Managing these can be both confusing and time consuming, and errors can be costly. At Profit Line, we are more than just your average bookkeepers and accountants. We can also help you to manage your human resources successfully, so you don’t have to spend precious time and resources navigating this highly specialized area.
For many large businesses, Human Resources Management, or simply HR, is its own large and specialized department, equipped with a robust staff tasked with handling the myriad responsibilities related to managing and paying employees.
However, for most small and medium-sized businesses, as well as non profit organizations, it’s simply not feasible to dedicate so much manpower to HR functions. Already operating with a limited staff, these organizations must make use of the personnel they have to tackle human resources functions in addition to handling regular business responsibilities. With various rules and regulations to make sense of, any comply with, this can create much confusion and frustration, as well as generate errors which can end up costing dearly.
If this is the case for your business or non profit organization, consider engaging Profit Line to help you. In addition to handling standard bookkeeping activities as detailed in other sections, we are also well versed in the various HR management needs of small and medium-sized businesses and will be glad to take this burden off your plate, and off your mind. Gone are the days of spending countless hours attending to your payroll and other HR demands and letting your core business responsibilities shift to the back burner. By working with us, you can take back control of your time and your business, assured by the knowledge that your HR responsibilities are being taken care of behind the scenes.
Some of the core HR management functions we provide are:
We encourage you to take a look at each of the above service details to gain a better sense of all the ways in which Profit Line is here to support you and your organization’s HR needs. Don’t hesitate to contact us if you have any questions about our offerings - one of our representatives would be more than happy to assist you!
PAYROLL SET-UP & MANAGEMENT
It’s no secret that payroll and all of its associated responsibilities are widely disliked by owners and managers of businesses of all sizes. Whether it is calculating periodic employee payments, setting up payment channels, withholding and remitting payroll taxes, or dealing with issues like employee benefits and workers’ compensation, there are so many moving parts to payroll that it can all get a bit overwhelming. You don’t have the time or staff to dedicate endless hours to your payroll functions, but you can’t afford to let this responsibility slip. Let Profit Line help you so you can get back to meeting your objectives, pursuing your mission, and growing your business.
We specialize in helping our clients get the right payroll processing system set up and streamlined to meet their needs. In some cases, when our clients begin working with us they already make use of a payroll processing platform that is suitable for their operations and we just step in to manage this payroll processing system. In other cases, we work with clients to choose the best payroll processing system to meet their current needs, and get them set up and rolling. In these cases, we make recommendations as to which platforms might be most suitable given their business structure, then we take care of payroll set-up, and help manage the ongoing payroll related responsibilities. What is more, no matter the state of your payroll when you come to us, we’re happy to share our knowledge of this complicated landscape in order to either improve your current setup, or migrate your payroll to a better one. We work with all of the major payroll processors and PEOs (Professional Employer Organizations), and stay abreast of the latest technology and software offerings in the payroll space so that we can better help our clients. Our goal is to identify the payroll processing solution that will best meet our clients’ needs. We regularly manage transitions to new platforms when it means achieving lower costs, greater efficiencies, better benefits, or all of the aforementioned!
As a business owner or non profit manager, you will most likely be hiring employees for your organization, thanks to growth or due to attrition. Hiring new employees is almost always exciting, and often needs to be done quickly and efficiently, but you must meet strict employer registration requirements at the Federal, State, and Local government levels in order to stay compliant and avoid potential significant penalties. Employer registration rules vary by jurisdiction, making the process of actually registering as an employer difficult and confusing, especially if your employees reside in multiple States. At Profit Line, our team is experienced with navigating complex employer registration requirements for our clients, and we can help you with this, too.
To start, we will make sure you are registered as an employer at the Federal government level. This means registering with the IRS and obtaining an Employer Identification Number (EIN). Your EIN will be used on quarterly and annual tax returns as well as on forms like with W-2. Once you have been assigned an EIN, we can also set you up with an account on the e-payment platform for Federal taxes known as Electronic Federal Tax Payment System (EFTPS).
Next comes State and Local employer registrations. You must have filed your employer registration in each State and Local taxing jurisdiction where an employee of yours is considered a tax resident. For many companies, this means being registered in multiple States and Municipalities, each of which has its own specific regulations and timelines for the employer registration process. Our team will help you navigate the nuances of each state and local jurisdiction that you need to be registered in, and we will also make sure that you are appropriately set up to pay your SUTA, or State unemployment tax, and workers’ compensation insurance. As you continue to hire employees, you will be required to report them to the appropriate state, which Profit Line will also assist you with.
As you can see, there are many steps and rules to follow when becoming an employer and bringing on new employees. Employer registrations can be tricky, making it very easy to get bogged down with the details. As a small or medium-sized business owner, or non profit manager, you simply do not have the time to sort through every nuance - let the Profit Line take this burden off your shoulders so you can focus on working with your employees and growing your business or non profit.
The process of hiring new employees can often be complex and loaded with paperwork. You need your new hires to receive and sign employment agreements, fill out required employment and tax forms, be set up properly in your payroll system, and understand the terms of their employment with your company, including wages, bonuses, and any benefits. This is a lot of information to collect from, and to get across to, your employees.You want to have everything done right so that employees have a positive initial experience as new members of your team.
With so many steps to complete and details to get right, it comes as no surprise that employee onboarding can often be stress-inducing and fraught with hiccups. Without a robust and seasoned human resources department, such glitches are understandable and to be expected. But we know you want better for your employees, and that is why Profit Line is here to help.
Over the years, our team has helped countless clients successfully onboard hundreds of employees seamlessly and successfully. Using the best software available, we will take care of new hire communications, welcome and benefit packages, I-9s and other required paperwork, and any email addresses and log-in credentials needed to begin working as a productive and engaged member of your team. Our team first communicates with you to get a sense of your company tone and culture as well as the individual components of your organization’s onboarding process, and then we use that information to onboard your employees in a way that is authentic to your organization. Our mission is to give your employees the best introduction to your company possible and to streamline the steps needed for them to become active members of your team.
Stop worrying about how you can possibly manage employee onboarding in addition to all of your other business responsibilities. Let Profit Line ease this administrative burden so you can get back to selecting employees and working with them to grow your business, and meet your objectives.