Payroll Companies & Payroll Services in Willmar, MN

Anfinson Thompson & Co., P.A. is a Minnesota firm of certified public accountants and financial planners with its office in Willmar. Payroll is one of several services it provides. The firm also handles tax work, accounting, retirement planning, insurance and wealth management. Its main pitch to employers is consolidation. Rather than hiring separate vendors for payroll, bookkeeping, taxes and benefits, a business can rely on one coordinated group of advisors who already know its finances.

Payroll Services

The firm suggests that owners bring experienced payroll staff onto their side through outsourcing instead of hiring in-house. It says it pairs its people with current technology. Its published payroll offering covers:

• Recurring payroll processing
• Employee attendance tracking and timekeeping
• Remittance of payroll tax deposits
• Quarterly and year-end payroll filings
• Handling of wage garnishments
• Reporting for retirement and benefit accounts, including 401(k) plans, SIMPLE IRAs, health savings accounts and PERA contributions
• Tip allocation for businesses whose staff earn gratuities

The PERA reporting may suit Minnesota employers that deal with public employee retirement contributions. The tip allocation service is relevant to hospitality and other tipped workplaces.

Who They Serve

The firm's main market is smaller and midsize businesses and professional practices. It also runs dedicated programs for several specialized groups:

• Clergy members and churches
• Funeral homes
• Healthcare professionals
• Individuals and families

For funeral homes, the firm says it follows trends in that Minnesota industry and has direct experience in the field. Its services for these clients include payroll processing, employee benefits, bookkeeping, financial reporting, local-market business analytics, management advisory work, and transition or retirement reviews.

Beyond Payroll

Payroll clients can add other services from the same team:

• Tax planning: year-round strategies to lower liability and explain how new legislation and IRS rules apply.
• Accounting: cash flow management, budgeting, pricing and billing rate analysis, internal control reviews, SWOT analysis and financial statement preparation.
• Business consulting: assessments of technology and operations, interviews with key staff, mapping of finance workflows, and gap and cost analysis.
• Retirement plan guidance and insurance: help from in-house advisors with long-term care, life, and short- and long-term disability coverage.

How They Work With Clients

The firm describes a three-step process. A client starts by booking an appointment by phone, email or online request. Advisors then build a strategic plan suited to that client. After that, a unified team carries out the plan. The firm presents itself as a neighbor to the communities it serves. It encourages face-to-face meetings and regular check-ins so that issues are dealt with promptly as a business changes.

Its professionals must complete continuing education to stay current on tax law. The firm says it deliberately hires seasoned tax specialists and credits its staff's teamwork and work ethic for strong client retention. For employers comparing payroll providers, the main appeal is having payroll delivered by a CPA practice that can also manage the related tax, benefit and accounting work.