Internal administrative costs affect every employer. The time dedicated to dealing with these administrative needs could be going towards functions that produce more revenue for the company. Heart HR takes that internal administrative responsibility out of the hands of the client company and let’s you get back to doing business in a much more efficient manner.
The following is a list of non-revenue producing functions that are going on at your company:
Worker’s Compensation:
- Cover all employees under Texas Workers’ Compensation Insurance
- Provide client with a certificate of Workers’ Compensation Insurance
- Processing Workers’ Compensation claims forms and claims
- Appearing at Workers’ Compensation hearings
- Cost to prepay Workers’ Compensation Insurance
Taxes:
- Paying the Federal Unemployment Tax
- Processing the Federal Unemployment Tax Form 940
- Paying the State Unemployment Tax
- Processing the State Unemployment Tax form
- Paying the Employer’s portion of the FICA tax
- Processing Quarterly Federal Tax Return 914
- Deducting and Remitting payroll taxes for the employees
- Penalties incurred for late tax payments
- Going to the bank to make tax deposits
- Accountant’s fee for all payroll related tax liabilities/reports
Claims:
- Processing the State Unemployment Claims Forms
- Appearing at Unemployment hearings
Payroll:
- Payroll processing
- Preparing W-2’s at year-end for all employees
- Processing monthly payroll reports
- Processing quarterly payroll reports
- Cost of payroll checks
- Cost of check reconciliation
Employers with 10 or more employees should look at the advantages of outsourcing their HR functions to Heart HR. If you believe you are not in the business of employment and: are paying too much for workers’ compensation insurance, can’t find health insurance that offers good benefits at a reasonable cost, and you want to get rid of hassles of employee liability, you should look into outsourcing your human resource functions to Heart HR!
