Payroll
Owning a small business requires a new way of thinking. As part of our accounting services, we offer a premier payroll system that handles all of the paperwork and stress associated with your payroll, including Federal and State income withholdings, Social Security, Medicare and benefit deductions. The system also has the ability to directly deposit funds into each employees account. Having a payroll system allows necessary tax payments to be made and generates year-end reports for business owners to review. Our specialists can provide an overview of this system and the payroll process.
Keep in mind, if you own an S Corp, C Corp or have an LLC taxed as either an S or C Corp and you would like to take money out of the business to pay yourself or you personal bills you ARE REQUIRED by IRS tax law to pay yourself a salary that must be processed through payroll.
When it comes to running a successful company, few things are more important than keeping your payroll taxes accurate and up to date. Payroll taxes are the state and federal taxes that you, as an employer, are required to withhold and/or to pay on behalf of your employees. By law you are required to withhold federal and state income taxes as well as social security and Medicare taxes from your employees’ wages. You are also required to pay a matching amount of social security and Medicare taxes for your employees and to pay State and Federal unemployment tax.
Our premium service provides a complete payroll solution for any small-business owner, regardless of the products or services they sell. We handle all sizes of companies, from the entrepreneur just starting out to the seasoned mid level corporation expanding its horizons. We have a program tailored to fit everyone’s needs.
Our payroll service includes: