Accuracy is required to pay employees the right money they have earned.
Payroll allows you to view and control instantly all payroll expenses.
It takes extra time and resources for a company to manage payroll manually.
The trusted payroll service partner
TrakPay is revolutiony payroll service that is your partner for processing all things payroll.
As a payroll company, we make calculating payroll taxes easy so that you make sure your employees are paying as they go for their tax bill every year.
What is pay-as-you-go Workers Comp?
Speaking of paying employee payroll taxes as you go, what about Workers Compensation insurance? Usually Workers Compensation premiums are based on estimated payroll figures determined prior to the policy period. When the policy renews, an audit is done to determine the actual payroll for the policy period. If you're payroll is higher than your initial estimate, you'll owe extra premium ON TOP of your down payment for the next years renewal!
The revolutionary Pay-As-You-Go Workers Comp program offers an incredible solution to the traditional method. Instead of making estimates and doing major audit adjustments, you pay premium each pay-period based off of actual payroll wages. When you have your audit, you will have already been paying premium based off actual wages. Minimal adjustments might be needed to make sure employees are correctly classified, but all your normal hassles are gone!
- Premiums are based on actual payroll not estimates
- Eliminate large installment payments
- Eliminate or reduce additional premiums due at audit
- Ease of annual policy audit
- Maximize cash flow
- Real-time evaluation of premium payment history and calculation
For more information on our services please contact us today!