The #1 Payroll Solution for the Cannabis Industry
Reliable and Compliant Payroll in the
We understand the challenges facing cannabis business owners. Legal cannabis may be among the fastest-growing industries in the United States, but the regulatory uncertainty directly influences the availability of financial services. Fortunately, we’ve created a compliant and transparent solution addressing not only payroll, but employee management. From recruiting and on-boarding to benefit management and timekeeping, we have a cost-effective program for the cannabis industry.
The main reason that financial service providers for the cannabis industry exit the business is the lack of a formal compliance program and the lack of knowledge surrounding compliance issues. What the industry needs is comfort in knowing that their financial service providers are doing the maximum, not the least, as it relates to knowing and following the many regulations governing financial services in the industry.
We realize that financial compliance, dealing with payroll taxes, and other government reporting requirements takes valuable time away from growing your business. Payroll Systems was founded over 30 years ago to assist businesses with their payroll and HR burdens. Whether it be basic payroll tax filing, electronic timekeeping, managing wage garnishments, or implementing a paperless recruiting and onboarding system, we have the expertise and technology to ease your pain – No Worries.
“It’s daunting to stay compliant in this industry. We established an internal compliance department, working with our banks and outside counsel. We also work with cannabis industry compliance experts to do site visits, stay updated on changes, and handle necessary documentation. With this program in place, we can offer transparent payroll services to our clients in the cannabis industry for the long term.”
—Tony Bowden, CEO
Payroll Systems, LLC
We make it a point to know it well
Our mission is to offer a compliant payroll service to our clients in the cannabis industry. Once implemented, there are no worries about services being cancelled due to your industry. This is not easy in today’s financial environment. Our team consists of both financial experts as well as legal experts to ensure that we offer you all the services you expect, including:
Our own compliance program and due diligence allows us to process cannabis payroll openly.
As a cannabis business owner, you must take on the challenge of conducting normal financial operations, despite certain prejudices against the nature of your business. This means that your payroll service provider, along with others working with you (e.g., banks, payment agencies, pay cards), also have to follow strict guidelines.
Payroll Systems is in compliance with Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA) regulations, and therefore able to legally process payroll for cannabis businesses. We make the effort that most payroll companies won’t to ensure compliance.
With our payroll software and payroll expertise, you get accuracy,
savings in time and money, and easy accessibility.
We have invested in the best technology to ensure accurate and timely automated payroll processing for our clients. Our expertise on tax codes and payroll regulations steers you clear of any mistakes and inaccurate reporting.
With our payroll software, you get additional time-saving benefits in the form of precise record keeping and data entry that eliminates the need for corrections and the threat of government penalties.
Our payroll specialists make sure both the IRS and your employees get what’s due to them, on time.
Our payroll software system will cost you significantly less than hiring a full-time bookkeeper. This means savings that can go toward growing your cannabis business or hiring someone who is far more needed elsewhere in your business.
Remove or reduce cash with direct deposit service or paycards. Reducing cash increases employee safety.
Get complete job costing (labor distribution) reporting automatically with each payroll. Track employees by job, department, location, etc. Import data into your accounting software and easily analyze labor cost trends over time.
Our cloud-based and mobile friendly payroll system offers you and your employees unprecedented convenience and flexibility in getting any payroll information you need.
It is possible to have the same level of financial services, for your cannabis business, as other businesses enjoy. Expect the following to be compliant and transparent with your payroll and HR technology.
The promise of remarkable growth for the cannabis industry
Cannabis has now become an emerging industry making a significant positive impact in people’s lives. Although cannabis is still maintained as a Schedule 1 controlled substance by the federal government, the cannabis industry is poised to rise to prominence. Multiple estimates pegged its anticipated growth to eclipse the $20 billion mark by the early 2020s. The acceptance of the public is also promising:
Sign up now for a free copy of our cannabis payroll service guide and enjoy up to $150 of waived fees for your first payroll.
Payroll Systems promises advanced payroll functionality that is fully scalable to cater to the specific needs of your cannabis business. Because we understand your business, we can also promise to work with you for the long term.
Are you ready to thrive with your industry? Are you ready to say good-bye to your payroll worries and partner with a payroll company you can count on year after year?
The right payroll and HR solutions, resources to stay compliant, and the support of expert account managers can help your business succeed.
“We chose Payroll Systems after making the wrong decision twice then going back to the drawing board and comparing 8 different vendors. They asked the right questions, and came up with a solution that is easy for us to manage.”
Reading Partners — Gwen has been a Payroll Systems customer since 2002 | Reading Partners since 2016
Tell us about your solution requirements or ask us a question. We always answer.