Payroll processing may not be the most glamorous aspect of running a company, but it's certainly one of the most important human resources related tasks you undertake. Oasis Outsourcing, our pick for the best human resources outsourcing firm for very small companies, is a well-known name in the human resources field.

Employers can use the Oasis payroll administration module for everything from timesheet entry to printing physical checks. More and more companies are turning to payroll outsourcing, as the traditional payroll function is time consuming and costly. It's also difficult to isolate from other human resources administrative functions, so getting a handle on the trust cost isn't easy.

Particularly for companies who bill employee time to their clients, timekeeping and attribution can be a burdensome process. Even for the purely administrative functions, knowing how employees spend their time is critical to increasing efficiency. Cloud-based Oasis TimeKeeper lets your employees enter their time through the web, so information is instantly available for review and analysis. The software offers extensive reporting functions, and allows the user to create customized reports as well. The reporting functions can help make the audit process much easier and ensure increased accuracy.

This may prove especially important in 2018, when some rules around payroll and income taxes are set to change due to new legislation. With the passage of a tax cut bill by Congress late last year, small businesses need to be aware of the changes in tax rates and deductions that will take effect this year. For example, the standard income tax deduction has nearly doubled in 2018 compared to 2017, from $6,350 single and $12,700 married to $12,000 single and $24,000 married. This will have a huge impact on employees when they are calculating their taxes. However, the federal income tax rate will also change in 2018 for most tax brackets. This will impact how much money your employees see in their paychecks, as well as their tax burden at the end of the year. Employees who are unaware of these changes may have questions when they get their first paycheck, so be sure your payroll software is up to date to account for these shifts. The changes to tax law are complex and your payroll software should be able to take them into account immediately in order to accurately tabulate employee wages.

Timekeeper makes the timekeeping process easier for employees and reduces the time they need to spend on this housekeeping activity. At the same time, it reduces the amount of time managers need to spending in monitoring, oversight and analysis; and it makes time and attendance tracking easier as well. Employees can send requests for time off or notification of illness from any location, and managers can respond with scheduling changes from any location. The user dashboard also allows a view of attendance and time tracking at the organizational in addition to the individual level.

You can track payroll by job type, project, department, division or work shift, and convert time based on salary, hourly rate or a job-specific rate. Plus, when you're ready to make payment, do so by traditional check, or direct deposit. Employees can even set up direct deposit into multiple accounts, and of course it handles pre-tax deductions.

Timekeeper also integrates easily with accounting software, and allows data extraction in multiple formats. Options for setup make it possible to map data from one system to another so you can easily include it in the general ledger. Finally, on top of flexibility and functionality, Oasis offers users extensive customer support, tutorial videos and other online resources. All of these features together make Oasis a great option for the smallest companies.

This article was updated March 5, 2018.

Editor's Note: Looking for HR Outsourcing for your company? If you would like information to help you choose the one that's right for you, use the questionnaire below to have our partner, BuyerZone, provide you with information for free:

Editor's Note: Looking for HR Outsourcing for your company? If you would like information to help you choose the one that's right for you, use the questionnaire below to have our partner, BuyerZone, provide you with information for free:

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