Payroll Companies & Payroll Services in Elk River, MN

Business Cents Payroll is an outsourced payroll provider based in Otsego, Minnesota, in Wright County. It works with small businesses throughout the state. It also handles client payroll for accounting firms that would rather pass that work to someone else. The firm presents itself as a local alternative to large national processors, and it stresses personal attention, responsive support and competitive rates.

Payroll Processing

Clients can run payroll every week, every other week or once a month. The firm also handles payroll for businesses with tipped staff, such as restaurants. Employers can pay by direct deposit, print checks in-house, or have the firm print and deliver them. Other payroll features include:

• Tracking and calculating paid time off
• Processing wage garnishments and supporting workers' compensation audits
• Working with third-party withholdings such as child support, cafeteria plans and 401(k) contributions
• No limit on the number of earning or deduction codes
• Keeping records of each employee's earnings
• Exporting data for QuickBooks, Peachtree and other accounting programs

Tax Compliance and Reporting

The firm takes on federal and Minnesota payroll tax work. It calculates the deposit due for each pay run, sends tax deposits electronically, files the required returns and reconciles tax liabilities on a regular schedule.

It also prepares year-end W-2s, W-3s and 1099s, checks that withholding matches each employee's exemptions, works out net pay, and tells clients when tax law changes could affect them. Reports can be run for any date range. Available reports cover PTO, new hires, labor distribution, workers' compensation, changes made on each payday, general ledger exports and federal certified payroll.

Timekeeping, Benefits and HR

Clients get an online time and attendance app that connects to payroll, plus cloud software that lets employees manage their own benefit plans. A secure self-service portal lets staff see paystubs, W-2s and 1099s, submit timesheets and update their personal and benefits details. The firm's HR tools include employee data tracking, retention analytics, custom reports, online benefits enrollment, 401(k) plan options, help with defining and budgeting positions, outsourced recruitment management and ACA services.

Working With Clients

Each client gets one-on-one service. Employers can send payroll details online, by email, by phone or by fax, and they get email reminders before payday and when a run is finished. The firm puts together a payroll package to fit each business and offers a free quote or consultation to start.

For accounting firms, it works quietly in the background so they can offer full-service accounting without running payroll themselves. Separately from payroll, it also provides outsourced accounting and tax services.