Payroll Services
Payroll services are vital to running a successful restaurant. Your employees rely on prompt and accurate payments, and if you want to keep the best members on your team, you have to deliver every paycheck.
The good news is, you don't have to manage payroll alone. Oceanview Financials has helped many businesses in Miami-Dade and other counties organize and maintain their payroll systems.
When you’re in the hospitality business, time management is everything. Running a small business means you have to wear many hats to find success. Some restaurant owners choose to handle all aspects of the business like a CEO, including the company’s payroll and accounting side. If you’re in the restaurant business and want to spend less time on the nuances of payroll, consider using a 
payroll services company for your needs.
payroll services company for your needs. Hospitality-Specific Financial Services
Finding a balance between restaurant operations and business planning can be difficult. One way to reduce the burden is to choose outside accounting services to handle your payroll needs. Companies that provide payroll services for restaurants are well-versed in the hospitality sector and provide specific software systems that cater to the industry’s unique needs.
The restaurant industry has unique challenges when it comes to accounting services. When seeking payroll system solutions, it’s important to find a financial company that has specific knowledge of payroll tax, restaurant financial statements, and tax planning.
Who Can Benefit From Our Services
Large corporations have an entire department dedicated to payroll services. They have specialized software and trained experts who can troubleshoot issues and navigate the many taxes and legalities that govern employee payments.
Outsourcing your payroll department lets you take advantage of these resources. So, can your restaurant benefit from partnering with Oceanview Financials?
Small Business Owners
Small businesses are the backbone of the economy, and if you own one, you know how much work they require to be successful. That dedication has gotten you this far, but you don't have to continue going it alone. In fact, if you want to compete with local restaurants that have already outsourced their payroll, you need to find a reliable payroll services company.
Businesses in Florida
Florida is well-known for its amazing restaurants and unique mix of cuisines. Here at Oceanview Financials, we serve businesses in some of the biggest hospitality hubs:
- Naples
- Miami-Dade
- Palm Beach
- Broward
We're well acquainted with the culture and laws in the above counties and surrounding areas, making us the premier accounting firm in Florida.
How We Cater To Your Needs
What does Oceanview Financials have to offer? We understand that top-tier payroll services can help you stay competitive. Neither you nor your employees should have to spare a thought toward paychecks beyond when they're distributed and for how much.
In addition to crunching the numbers, our financial professionals care about forming relationships with your company. We aim to provide services in the long term, which is why we get to know you and your goals.
Customized Solutions
Every business has its operations, and we endeavor to understand yours. What are your goals for outsourcing payroll? What are your overall goals for your restaurant? Our experts have extensive experience with accounting and can help you meet your objectives. Their training and time in the field help them identify options you may not even realize are available.
As an accounting firm, we know that you can find payroll services in many places. We go above and beyond to ensure you get expert knowledge and excellent service, not just a calculator.
Improved Efficiency
Our access to resources such as cutting-edge payroll technology means you benefit from improving efficiency. Today's software is all about making the job easier, which not only frees up our professionals to tackle more complex issues but means you can rest easy knowing your payroll will always be up to snuff.
Increased Convenience
When payroll services are taken off your plate, you can focus on the future. While it's admirable to handle your restaurant's operations on your own, you can use your time more creatively when it's not bogged down with mundane chores. When you let us crunch the numbers, you get more opportunities to innovate.
Unique Restaurant Financial Service Considerations
Even the most business-savvy restaurant or small business owner may need outside assistance with payroll processing and other accounting measures. Restaurants have unique considerations when tracking labor hours and payments. Whether you choose a firm for full financial accounting, including profit and controls, or contract out payroll services only, choosing a financial services company that is well-versed in hospitality can save you money and make sure you are fulfilling every responsibility to your employees and the government.
- Restaurant seasonality. Although many retail establishments also experience seasonal changes, restaurants are subject to seasonality more than most industries. Accounting services with experience in the highs and lows of restaurant seasons understand the nuances of navigating these changes and paying attention to the financial challenges, including seasonal employees and health insurance.
- Tips as wages. Restaurant employees in certain categories can be paid differently than in other positions due to tips’ earning. When choosing an accounting service for restaurant payroll, it is essential to work with a team that has specific restaurant experience if you employ servers whose income is partially tip-based. These unique circumstances can be confusing even for restaurant management, so businesses need to make sure that proper reporting takes place.
For example, restaurants pay sales tax and a surtax on anything that is income on a receipt. That goes from service charge, minimum charge, corkage fee, and others. Also, service charges are no longer considered "tips" in the state of Florida. Instead, these charges must be added to an employee’s paycheck and included as taxable income. - Payroll taxes. While working on payroll services, a financial services company can review the way your taxes are being paid. The goal is to make sure all of the bases are covered while minimizing the burden of the tax requirements. When a professional eye overlooks your payroll and business taxes, you can be assured nothing is missed that can be a future liability.
