PAYROLL SERVICES FOR
GOVERNMENT CONTRACTORS
PARTNER WITH A PAYROLL COMPANY
THAT UNDERSTANDS
Easy payroll processing for your company
Government contractors are bound by a unique set of regulations and business needs that impact the back office. It is important to partner with a payroll company that understands these factors and how they should be addressed.
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Full payroll & tax filing: federal, state & local
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Intuitive online payroll portals
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Employee self service
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Flexible payment options: direct deposit, onsite printing or live check delivery
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Labor law poster compliance
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Time keeping & attendance
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General ledger interface
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New hire reporting
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Worker's compensation pay by pay
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Expert customer service
THE CORE FUNCTIONS OF GOVERNMENT CONTRACTOR PAYROLL
Labor Allocation
Job costing and labor allocation is a key factor in understanding financial health and profitability for government contractors. Accurate and detailed payroll reporting is vital to properly allocate your labor costs. Our software can integrate with several third party timekeeping or financial management systems to ensure clean financials.
Timekeeping
While many contractors pay their consultants an annual salary, it is critical to keep accurate timekeeping records. Often times it is not necessary to transmit these hours to payroll since it will have not have an impact on gross pay but will be used to allocate the payroll expense to each project. We can help guide you to the right resource to support your business.
DCAA Compliance
DCAA stands for “Defense Contract Audit Agency”, which is the government agency responsible for auditing Department of Defense (DoD) contracts. DCAA can also be brought in by other government agencies to provide accounting and financial advisory services and to assist with their audits. It is important to leverage systems with the proper customizations in the event you are subject to an audit.
Multi Jurisdiction Tax Filing
The typical rule of thumb is that employees pay income tax where they live and unemployment tax where they work. As your firm grows, you will likely be required to file taxes in multiple states. Our industry leading software is equipped to calculate and file all federal, state and local taxes to keep you compliant.
Still Have Questions? Let's Talk.
Don't let the complexities of managing your back office distract you from running the business. PaySteady delivers easy-to-use payroll technology coupled with hands on customer service to ensure paydays are made simple and hassle free.