Are you aware that one of the most popular benefits continues to be 401(k) plans? According to the latest SHRM annual employee benefits survey, 93 percent of organizations offer traditional 401(k)s or defined retirement savings plans, up from 90 percent the previous year. At SmarTax, LLC, our professionals are here to make sure you are ready when it comes time to combine retirement plans with payroll services. This is why we are one of the best payroll companies in Pembroke Pines. We also specialize in tax preparation.
What Are The Benefits?
By combining payroll services with retirement plan administration, employers can reap several advantages of an integrated system:
- Compliance with Legal and Fiduciary Requirements: With automatic payroll contributions to 401(k) plans, companies can ensure proper and timely transmission of 401(k) contributions for their employees. Integration backed by knowledgeable experts also improves reporting and compliance with other fiduciary obligations.
- Freed-Up Resources: With one vendor, integration is easy to set up. And by merging the two functions into a single system, companies will eliminate redundancy and streamline tasks, reducing the amount of time required for proper management. Record keeping, data entry, and paperwork is also reduced so staff can focus on core tasks.
- Boosted Accuracy and Reliability: With automated data exchange, census data is seamlessly and securely transferred, making it much easier to confirm employment eligibility and entry dates for 401(k) plans. And by eliminating manual uploads, it avoids unnecessary errors to give employers greater peace of mind.
- Enhanced Census Collection Process: Integrated payroll and 401(k) data simplify and automate the collection of salary, hours, termination dates and other census data to alleviate the administrative burden of year-end compliance requirements.
Trust Payroll Companies To Get You The Best Service
Not only can SmarTax help with your personal and business tax preparation, but we provide superior bookkeeping services, which can help you stay on top of your finances throughout the year rather than leaving everything for the last minute. We offer full-service bookkeeping at an affordable price making it accessible to everyone who could use extra help. Our services are great from small and medium-sized companies as well as anyone who is self-employed. Especially if the organization doesn’t need a full-time bookkeeper, but could use an extra set of eyes when balancing and organizing their books. With this service, it is our goal to help business owners concentrate on running their business and leave their taxes and compliance tasks to us. We want to make sure our clients are successful, which means taking over some of the tax responsibilities that can be hard to handle and understand. We want to manage your finances so you can manage your business and personal life.
Call Us Today
We have all the information you would possibly want from payroll companies. Our tax advisor wants to ensure you have all the info for tax preparation and 401k combination. The professionals at SmarTax, LLC.want to ensure that you have all the information you need going into tax season this year. It is essential to be aware of all tax laws as they may affect you. For further information call or contact us today, Pembroke Pines. We offer the best tax accountant near me.