Payroll Service Providers in Centennial, CO

Our local payroll services in Centennial, Colorado  

Are you in need of payroll services within Centennial, Colorado? Look no further than 360Connect! Our services cater to commercial businesses, ensuring that all your payroll requirements are met. We’re committed to providing quality suppliers, guaranteeing excellence every step of the way. We’ll assist you in finding the optimal solution that fits your budget, with free quotes available. 

Find a Payroll Service in Centennial, Colorado Like an Expert 

Deciphering the right access control systems for your needs can be tiring. From researching quotes to understanding what type of payroll services you need; the process can be daunting. Time is money. But the process doesn’t have to drain your time or money. At 360Connect we can supply multiple quotes based on your needs in a simplified process.  

Price and Types of Payroll Services in Centennial, Colorado

Pricing for payroll services in Centennial, Colorado isn’t that complicated, but there are different types of pricing models that you’ll need to be aware of. These different models affect not only price, but when you are billed, what type of features you can afford, and more.  

Per month base fee + per employee (most common) 

Your company would need to pay a monthly fee for usage as well as an employee fee. For instance, a common payment might be something like: 
$50 (monthly fee) + $5 (times the number of employees, in this case 10) = $100 
Generally speaking, you can expect to pay around $20-$120 per month, with the average for employee fees being around $1-$7 

The price of the service goes up as the number of employees in your company increases. In simple terms, more employees mean a higher cost for the service. However, this type of model is most likely used by full payroll service providers because your price is fixed on the number of employees, not the number of times you run payroll. If you run payroll 4 times a month, you’ll end up saving money with this method. 

Per pay cycle + per employee 

This payment method charges a flat fee each time you run payroll, with an additional fee for the number of employees you have. The base fee for running payroll is usually cheaper or around the same pricing as in other models above.  

Let’s say you run payroll twice a month, on the 1st and 15th(biweekly).  
1st: $30 (monthly fee) +$3 (times 10 employees) = $60 
15th: $30 (monthly fee) +$3 (times 10 employees) = $60 
Monthly Total = $120 

So why would you use this model? It can be advantageous if you run payroll only a couple of times a month and if you save money on employee fees versus other models. Pricing for this model is generally around $20-$70 per pay cycle with $1-$5 per employee per pay cycle.   

Annual fee 

Some payroll services allow you to pay your monthly fees all at once at a discounted price. This is highly dependent on the provider and what payroll services you need. You could end up saving over $1000+ over the course of the year through this method!  

Software fees  

If you’d like to outsource some of your payroll services to software from a specific company, you’ll have to pay those software fees. Payroll software costs around $40 a month or $500 a year. And there will be extra costs for each employee you put on the payroll.  

Additional things that will affect your pricing include:

• Number of employees 
  Features needed 
  Payment methods 
• Payroll frequency 
• And more! 

If you’d like an even more detailed breakdown, consider our article How Much Does a Payroll Service Cost? 

Types of Payroll Service in Centennial, Colorado

There are different types of payroll services to choose from that will affect how much control you will have over the payroll process.  

Online Payroll Services 

An online payroll service allows payroll management anywhere with internet access, automatically handling payroll calculations, tax withholdings, new hire reporting, and integration with other administrative tools. A company can help you automate your payroll process online and will update your payroll system to be compliant with state and federal laws. These systems allow you to still have some control over these processes.  

Comprehensive Payroll Services/ASOs 

Payroll services can be provided either by a full-service payroll provider that specializes solely in payroll matters or by an administrative services organization (ASO). Both types of providers can handle managing payroll, tax filing, and insurance filing. This type of payroll service appeals to small-medium size businesses that don’t have the personnel or time to handle scaling their payroll needs. Furthermore, an ASO may be able to handle other common HR duties as well and handle most of the payroll process for you.  

Professional Employer Organization (PEO) 

A PEO handles all duties of payroll (and most other HR duties) as it is recognized as co-employment or joint employment over your employees. Essentially, the PEO handles most, if not all, administrative tasks when it comes to HR and payroll duties for the company. A PEO will manage the employer’s responsibilities like running payroll, benefits administration, etc. While a business owner would manage day-to-day operations. You have the least amount of control with this option; however, the PEO handles the payroll duties leaving you to focus solely on money-making business.   

Industries That Need Payroll Services in Centennial, Colorado 

Payroll services can be a real game-changer for many different sectors of the economy, as there is a lot of versatility that outsourcing can provide. Whether you’re looking for full-service payroll providers or need specific services, these industries can benefit from these options.  

Commercial Businesses 

Payroll services streamline payroll processing, ensure compliance, provide expert support, and save costs. Through integration with other applications and time saved, payroll services help small commercial businesses focus on money-making activities. These outsourced services can also help protect small business owners who may not be as knowledgeable about state and federal regulations.   

Government Entities 

While many government entities have in-house payroll teams, that doesn’t mean they shouldn’t consider outsourcing partners. Government offices can turn to payroll services in Centennial, Colorado to help them with specific tasks like migrating to a new platform, integrating tools, or consulting for specific problems. Payroll providers can often provide multiple solutions to a problem or have more subject matter in an area that can help in-house staff.  

Non-profits 

Many non-profits cannot afford to hire many HR administrators or payroll specialists. They also don’t have the ability to pay for ongoing education or certification. Payroll services can help bypass these problems at a cheaper cost while still giving you access to highly certified experts. Not to mention, you don’t have to spend money on software tools for those in-house payroll people.  

Healthcare 

Healthcare providers can greatly benefit from specialized payroll services. These types of services can make sure hospitals can run payroll for different types of workers, whether they be doctors or travel nurses.  

Construction 

Payroll service in Centennial, Colorado can better help construction companies classify employees like full-time, part-time, and contract work. These services also offer integration with time tracking and project management software, making it easy to try and pay workers for work done across multiple projects. 

Law Firms 

Like other types of businesses, doing payroll can actually slow down the process of performing the law. Not only that but as many lawyers know, expertise in a field can make all the difference. Using payroll services ensures not only that you save time and money, but that you meet compliance standards and keep your employees happy. Even as your practice fluctuates, your payroll processes can stay steady.  

Restaurants 

Restaurants rely heavily on tips and part-time workers to make it by (at least in the US). Payroll providers can make it easy to calculate wages and tips for hours worked. For your full-time employees, you can make sure you are following all compliance laws for this industry.   

Religious Institutions 

Religious institutions have to adhere to specific tax codes and regulations even for employees. Payroll services can ensure that a church/mosque/etc., are following these rules and regulations. Doing this can ensure that you aren’t hit with fines or other problems down the road. 

Cannabis 

The cannabis industry is still in its infancy and has both complex state and federal laws to contend with. Navigating these banking and payroll challenges can be daunting when you don’t have an experienced payroll provider. Many cannabis stores have to pay employees by cash or have to have specific instructions when dealing with banks. Use a provider to make sure you navigate these waters with ease.   

Retail & E-commerce   

A retail business can improve with the use of payroll services by ensuring compliance with tax regulations and accurate payroll calculations, which helps avoid penalties. Automating payroll can help save valuable time and resources when running a busy shop as a small business owner. The payroll services can help large, fluctuating workforce, including seasonal and part-time workers. 

Want to find out more about Payroll Services in Centennial, Colorado? 

A Payroll Solution Buyer’s Guide 
What is a Payroll Service?