• Payroll Processing: The HR services company would handle all aspects of payroll processing for their client, including calculating wages, salaries, bonuses, and deductions. This involves collecting and maintaining employee time and attendance records, processing payroll on a regular schedule (such as weekly, bi-weekly, or monthly), and ensuring accurate calculations for taxes, benefits, and other deductions.
• Tax Compliance: Ensuring compliance with tax regulations is a critical aspect of payroll services. The HR services company would handle all tax-related tasks, including calculating and withholding income tax, social security contributions, Medicare, and other applicable taxes. They would also prepare and file payroll tax returns with the appropriate government agencies on behalf of the client.
• Direct Deposit and Payments: Offering convenient payment options is essential for employees. The HR services company would facilitate direct deposit payments to employees' bank accounts and ensure that payments are processed accurately and on time. They would also handle issuing paper checks or other payment methods as needed.
• Employee Self-Service: Providing employees with access to their payroll information is increasingly important. The HR services company would offer self-service portals or online platforms where employees can view their pay stubs, access tax forms, update personal information, and manage direct deposit preferences.
• Compliance and Reporting: Staying compliant with labor laws and regulations is crucial for payroll processing. The HR services company would stay up-to-date with relevant laws and regulations and ensure that their payroll practices adhere to them. They would also generate reports for the client, including payroll summaries, tax filings, and other required documentation.
• Benefits Administration: Some HR services companies also handle benefits administration as part of their payroll services. This includes managing employee benefits such as health insurance, retirement plans, and other fringe benefits, as well as ensuring accurate deductions and contributions.
• Customer Support: Providing responsive customer support is essential for payroll services. The HR services company would offer support to both the client company and its employees, addressing any questions or concerns related to payroll processing, tax withholding, benefits, and more.

By offering comprehensive payroll services, a company providing HR services can help their clients streamline payroll processes, ensure accuracy and compliance, and free up time and resources to focus on other aspects of their business.