Chicago Outsourced Payroll Services

As a business owner, you know time is of the essence, and you handle several tasks at once. Hiring and managing employees, executing creative marketing strategies, improving your product or service — the list goes on! Unless you’re a certified public accountant (CPA), managing daily accounting and bookkeeping tasks such as payroll can seem a little daunting.

Fortunately, you have options. There’s always the possibility of hiring a full-time employee to handle payroll for you. An even better solution? Outsourced payroll and bookkeeping services. Payroll outsourcing companies have the expertise and technology necessary to make your life a whole lot easier.

At Steph’s Books, we offer outsources bookkeeping and payroll solutions for contractors, small- to mid-sized businesses and professional services in McHenry and Chicago, Illinois. You can focus solely on running your operations, and leave payroll and other bookkeeping tasks to our team.

What Is Online Payroll for Small Businesses?

Online bookkeeping shares many similarities with traditional bookkeeping and refers to the process of maintaining your financial records. A company that performs online payroll services can perform all tasks in one virtual location, making payroll convenient for your small business.

Why You Should Consider Hiring a Payroll and Bookkeeping Professional

We put the human touch back into payroll and bookkeeping with one-on-one outsourced payroll services. At Steph’s Books, we believe you’re more than a number on a spreadsheet. We guide you through financial literacy with personalized customer service. As we review your payroll and bookkeeping processes, we can also provide insights into your financial health to help you grow. Our mission is to help payroll services in the Chicago and McHenry areas thrive.

As online payroll and bookkeeping professionals, we know technology is a stepping stone to faster and more efficient processes. All of the bookkeepers on our team hold QuickBooks ProAdvisor certificates from Intuit. We’ve experienced training and testing on our knowledge of general bookkeeping principles and the how-to technical details of the QuickBooks software.

When you have a trusted professional on speed dial, it can relax the burden of always having the answer. As a businessperson making payroll decisions, you probably have a team of employees who look to you for guidance. Now, Steph’s Bookkeeping Services is here to walk with you through the world of regulations and empower you to learn more about your company’s financial health.

Hire a Payroll Outsourcing Company and Save Money, Time and Stress

Investing in virtual or outsourced bookkeeping services allows you to focus on what’s important — your business, family, hobbies and much-needed downtime. Choosing to outsource a service can help you find your work-life balance. It also protects you from making recordkeeping errors and breaking regulations when trying to complete the process without a professional guide.

Outsourced payroll services can take some of the weight off your shoulders by:

• Navigating the boundaries between local, state and federal payroll laws. This can save you time and money by preventing you from making legal errors or paying IRS penalties.
• Acting as guardians against embezzlement, hacking, identity theft and other risks.
• Reading dozens of tax laws every year — and even chasing down individual employees for paperwork if need be.
• Allowing you to take changes in laws and technology in stride. A payroll outsourcing company will stay on top of all adjustments so you can continue business as usual.

How a Payroll Professional Can Help You Prevent Common Mistakes at Your Business

You may have the next new business idea or service to improve your company, so don’t let complex payroll rules and regulations hold you back. Our specialists can walk with you to keep accurate records and dodge the common mistakes we’ve seen in over 35 years of experience.

We can help you navigate the following tasks:

• Employee classification: The Fair Labor Standards Act (FLSA) has strict rules and significant penalties for misclassifying an employee. For example, classifying a full-time employee as an independent contractor is a serious breach of these rules. Our bookkeepers can help make sure you stay on track.
• Recordkeeping: The FLSA has high expectations for recording pay, hours worked, pay rates and payroll dates. That’s why our experts can create highly organized records with data backups, so you always have this information when you need it.
• Taxable compensation: It’s important to keep track of all fringe benefits paid to employees, like discounts or stock options, since they are subject to federal income and employment tax withholding. Our payroll professionals can help you keep accurate reporting records.
• Garnishments: You must report garnishments like fines, child support or taxes to the federal government. This process can sometimes become confusing, and most errors are subject to fines. That’s why our team of payroll specialists is here to lead the way through the bookkeeping process.

Customized Payroll Services in McHenry, IL

An outsourced payroll expert at Steph’s Books can complete your payroll neatly and on time, helping you enjoy significant time and cost savings, including in the areas of:

• Recruiting: Finding the most qualified bookkeeping employee can be both costly and time-consuming. Save the time and money needed for recruiting by outsourcing to a payroll services expert.
• Software: Every business owner can attest to the fact that human resources software is expensive. A virtual payroll outsourcing company like Steph’s Books can take care of the responsibilities of employee payroll.
• Legal fees: Outsourcing payroll and bookkeeping services can ensure your business is up to par with regulations, compliance and payroll laws. This will help shield your company from legal fees and errors in payroll administration.
• Paying salaries: With the help of virtual bookkeeping and payroll services, you won’t have to pay for an in-house human resources professional.

If you are ready to take the next step, fill out our pricing calculator for a free custom quote or call us today (847) 942-3004 to learn more about our virtual payroll services in the greater Chicago area. Located in McHenry, IL, our team can create a plan that works best for you and your business’ needs.