PAYROLL SOLUTIONS FROM A TO Z
Cost-Effective Payroll Services for Your Business
On average, small business owners spend eight hours per month on payroll-related tasks. While it may not seem like a lot of time, it does add up--and it takes time away from running your business.
If you own a small to medium-sized business with more than a few employees, you already know that payroll is complicated. It seems like every year a new piece of federal, state, or local legislation related to payroll is passed that you need to comply with.
If you’re just starting out, you may only have a few employees to worry about. You might be able to handle payroll on your own, but wouldn’t your time be better spent on developing new products or services for your business?
From RBSI Newsletter August 2021:
Choosing a Payroll Service Provider
When choosing a payroll service provider to handle payroll and payroll tax, employers need to make sure they choose a trusted payroll service that can help them avoid missed deposits for employment taxes and other unpaid bills. Typically, these clients remain legally responsible for paying the taxes due, even if the employer sent funds to the payroll service provider for required deposits or payments.
Employers are encouraged to enroll in the Electronic Federal Tax Payment System (EFTPS) and make sure the payroll service provider uses EFTPS to make tax deposits. EFTPS is free and gives employers safe and easy online access to their payment history, provided they make deposits under their Employer Identification Number (EIN). Using the EFTPS enables them to monitor whether their payroll service provider meets its tax deposit responsibilities.
Employers have a couple of options when finding a trusted payroll service provider:
A certified professional employer organization (CPEO). Typically, CPEOs are solely liable for paying the customer's employment taxes, filing returns, and making deposits and payments for the taxes reported related to wages and other compensation. An employer enters into a service contract with a CPEO, and then Form 8973, Certified Professional Employer Organization/Customer Reporting Agreement, is submitted to IRS. Employers can find a CPEO on the Public Listings page of IRS.gov.
Reporting agent. A reporting agent is a payroll service provider that informs the IRS of its relationship with a client using Form 8655, Reporting Agent Authorization, that the client signs. Reporting agents must deposit a client's taxes using the Electronic Federal Tax Payment System (EFTPS) and can exchange information with the IRS on behalf of a client in the case that issues arise. They are also required to provide clients a written statement reminding the employer that it, not the reporting agent, is ultimately responsible for the timely filing of returns and payment of taxes.
Employers should contact a tax professional about any bills or notices received, especially payments managed by a third party. They can also call the phone number on the bill, write to the IRS office that sent the bill, or contact the IRS business tax hotline at 800-829-4933.
Most payroll service providers provide quality service, but some don't have their clients' best interests in mind. Each year, a few payroll service providers don't submit their client's payroll taxes, close down abruptly, and leave employers on the hook.
Don't get caught short. Choose a payroll service provider you can count on - and don't hesitate to call the office with any questions about payroll and other business-related taxes.
LEAVE THE PAYROLL TO US
PROUD TO BE YOUR PAYROLL ACCOUNTANT
OUTSOURCING YOUR PAYROLL
IS MORE AFFORDABLE THAN YOU THINK.
When you outsource your payroll responsibilities to us you get a dedicated payroll specialist who works with you throughout the entire payroll process. There’s no need for you to hire an in-house specialist or maintain a payroll system. We also stay on top of legislation affecting payroll compliance, so you don’t need to.
Here’s what we do for you:
Direct Deposit and Electronic Fund Transfer (EFT)
Payroll checks printing
Payroll tax compliance, e-filing, tax payments
Payroll reporting by employee or department
W-2, W-3, and 1099 processing
User-friendly, and easy to understand monthly, quarterly, and annual payroll tax reports
Payment of third-party withholdings such as insurance
THERE'S NO NEED TO GO IT ALONE.
If dealing with payroll leaves you stressed out and overwhelmed; we can help.
Submit the form below and Jeanine will call you.