Payroll Processing

Is running payroll turning into a full-time headache? Our turnkey services can put hours back in your day and money back in your pocket. See our list of services designed to give you efficient, compliant payrolls.

PSM provides its clients with a turnkey set of payroll services. We process your payroll, pay the associated payroll taxes, issue your payroll reports, and do all of the associated government reporting. And if the IRS comes knocking, it’s on our door. All you have to do is report the hours. Here are some of the key items we handle for our clients.

  • Provide new hire paperwork (application, W-4, I-9, benefit elections, COBRA rights, HIPAA, 401(k), and so on)
  • Process payroll checks and related reports
  • Calculate and track voluntary deductions
  • Report and remit all FICA, federal, state, local and unemployment taxes
  • Provide certified payrolls and special taxing (where applicable)
  • Garnish, remit, and report child support payments
  • Comply with mandated new hire reporting requirements
  • Direct deposit employee payroll checks
  • Track PTO, vacation pay, sick pay, benefits eligibility dates, anniversary dates, etc.
  • Remit all insurance premium payments and 401(k) contributions to appropriate administrators
  • Handle employee wage and employment verification inquiries
  • Process all W-2s and year-end reports
  • Conduct payroll account reconciliation
  • Maintain accurate record keeping
  • Process third-party checks, out-of-cycle checks, multiple sequence checks, retro-pay, pre-processing, etc.
  • Handle mass changes, piecework, multi-state issues, job costing, Davis-Bacon wages, and customized reporting
  • Integrate automated time clocks (optional)

These services are powered by PSM’s payroll application, which is comprehensive, highly secure, easy to implement, and extremely user friendly. Coupled with our deep experience and expertise, this powerful, flexible system enables us to manage expertly even the toughest and most specialized payroll challenges without errors or omissions.

Features include:

  • An intuitive interface for easy access to Employee History File information
  • A complete online history of all entries, deductions, taxes, and checks for every employee
  • User-defined formulas or rules, such as unlimited custom pay codes, each with its own special processing rules, tax instructions and G/L controls
  • Master files for each type of deduction, defining how the deduction is calculated, its tax effect, and rules for limits, arrears, and balances
  • Flexible payroll export options