Managing Employee Payroll

Good morning,

We were recently approached by an association that has on-site employees. Since our experience has only been with 1099 vendors in the past, I'm seeking information on best practices for managing payroll.

Is it best to work with a company like ADP or Paychex, or do management companies typically keep this function "in-house" and calculate withholdings?

Thank you

You don't say if you're the property manager or a board member, so you might want to do more research on what that community needs and go from there. It sounds like you're the property manager, so why not ask colleagues for references on software or companies who might do this for you. My sister runs a small bookkeeping business and managing payroll is one of her tasks for her clients. There are assorted software programs each one uses and she and my niece who works with her, have working knowledge on all of them.

Thank you for all of the replies, we will look into all options mentioned.

We are coming at this from the management company side (I'm the owner.. small but growing!), and I wanted to have some idea of our options before meeting with the board next week.

Thank you, I really appreciate your replies.

Will the employees be your association employess or will they be the property management company employees?

We pay our PM company a fixed rate every month which includes the cost of the salaries for our 2.5 employees. We also pay an amount to the PM company to cover their benefits.

The PM company handles all payroll for us. You might see if your new managment company offers that also.