Payroll Services

Payroll processing can be a time-consuming and complex task for businesses of all sizes. From calculating wages and taxes to ensuring compliance with ever-changing labor laws, managing payroll in-house can be a significant burden. Our comprehensive payroll services are designed to alleviate these challenges and provide you with a seamless, accurate, and efficient payroll solution.

Our Payroll Services

• Onboarding: We streamline the onboarding process for new employees, ensuring that all necessary tax forms are completed and that their information is accurately entered into our payroll system.
• Time and Attendance Tracking: Our time and attendance tracking systems provide real-time visibility into employee hours, making it easy to calculate wages and overtime.
• Payroll Processing: We accurately calculate gross pay, deductions, and net pay, ensuring that your employees are paid correctly and on time.
• Tax Filing: We handle the preparation and filing of all federal, state, and local payroll taxes, including Forms 940 and 941.
• Year-End Processing: We prepare and distribute W-2s and 1099s, ensuring compliance with all year-end reporting requirements.
• Compliance: Our payroll experts stay up-to-date on the latest labor laws and regulations, ensuring that your payroll practices are always compliant.

Understanding Forms 940 and 941

• Form 940: This form is used to report and pay the Federal Unemployment Tax Act (FUTA) tax. FUTA taxes fund the federal unemployment insurance program.
• Form 941: This form is used to report and pay federal income tax withholdings, Social Security tax, and Medicare tax withheld from employee wages. It also reports the employer’s portion of Social Security and Medicare taxes.

W-2s and 1099s: What’s the Difference?

• W-2: A W-2 form is issued to employees to report their annual wages, tips, and taxes withheld. It is used by employees to file their personal income tax returns.
• 1099: A 1099 form is issued to independent contractors and other non-employee recipients of certain types of payments. It reports the amount of income paid to the recipient during the tax year.

Benefits of Our Payroll Services

• Accuracy: Our payroll systems are designed to minimize errors and ensure that your payroll data is accurate.
• Compliance: We stay up-to-date on the latest tax laws and regulations, ensuring that your payroll practices are compliant.
• Efficiency: Our automated payroll processes save you time and reduce administrative burdens.
• Security: Your employee data is protected by our robust security measures.
• Scalability: Our payroll services can grow with your business, accommodating changes in your workforce and payroll needs.

Partner with Us for Expert Payroll Management

By outsourcing your payroll to us, you can focus on what you do best – running your business. Our dedicated team of payroll professionals is committed to providing you with the highest level of service and support.