About Third Party pay role services
Third-party payroll services involve outsourcing payroll processing and related administrative tasks to an external service provider.
Third-party payroll service providers handle all aspects of payroll processing, including calculating wages, salaries, deductions, and taxes for employees. They ensure accurate and timely payroll runs according to the client's pay schedule.
Tax Compliance
Payroll service providers stay up-to-date with tax regulations and compliance requirements at local, state, and federal levels. They calculate and withhold taxes from employee paychecks, including income tax, Social Security, Medicare, and unemployment taxes.
Employee Benefits Administration
Some payroll service providers also manage employee benefits administration, including enrollment, deductions, and contributions for health insurance, retirement plans, and other benefits programs.