Business View Magazine | March 2021
104 BUSINESS VIEW MAGAZINE MARCH 2021 country. Businesses work with a dedicated payroll specialist that knows the ins-and- outs of each business and supports them by identifying improvements in workforce and time management. Manning relates, “Ten years ago our primary service was all payroll service- related, now, about 90 percent of our clients require additional workforce management resources. Businesses today need quite a bit more than your basic paychecks and reports.” Payroll Vault’s workforce management tools include help with payroll solutions, HR solutions, time and attendance, worker’s compensation, background checks, labor law poster services and payroll financing. These aids have become even more necessary this past year, due to the COVID-19 pandemic and all the payroll loans, credits, and workforce changes that came along with it. “The payroll protection loans were instrumental in getting businesses through those first couple of months, and now there has been a second round of those loans,” Manning explains. “We help prepare the reports that business owners need to get those loans and then also evaluate the forgiveness part of it when it comes time for that.” Payroll Vault has also helped clients defer federal tax payments and take advantage of payroll credits available for small business owners who need to pay employees for time off needed for COVID-19-related health concerns or managing children who are being schooled AT A GLANCE PAYROLL VAULT WHAT: A national leader in payroll and workforce management services WHERE: Headquartered in Greenwood Village, Colorado WEBSITE: www.payrollvault.com
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