Small CPA Firms

Key Components of Our Payroll

• Employee Classification & Setup

  Employee Classification & Setup

  Accurately setting up employees and contractors with the right tax withholdings.

  • Identifying Employees vs. Independent Contractors
  • Setting Up Payroll Information Correctly
  • Applying Proper Tax Withholdings
  • Ensuring Compliance with Labor Laws
  • Managing Onboarding Documentation
  • Updating Records for Status Changes

  

• Payroll Processing

  Payroll Processing

  Calculating wages, overtime, deductions, and benefits based on current tax regulations. 

  • Accurate Wage and Salary Calculation
  • Overtime and Bonus Management
  • Deduction Handling (Taxes, Benefits, etc.)
  • Compliance with Current Tax Laws
  • Timely Payroll Distribution
  • Payroll Record Maintenance

  

• Direct Deposit & Pay Stub Generation

  Direct Deposit & Pay Stub Generation

  Ensuring secure, timely payments and clear documentation.

  • Secure Direct Deposit Setup
  • Timely Salary Transfers
  • Detailed Pay Stub Creation
  • Transparent Earnings and Deductions Breakdown
  • Compliance with Payroll Documentation Standards
  • Easy Access to Payment Records for Employees

  

• Federal & State Tax Filing

  Federal & State Tax Filing

  Managing payroll tax payments and filing quarterly and annual forms (like 941, W-2s, 1099s).

  • Timely Payroll Tax Calculations
  • Quarterly Form 941 Filing
  • Year-End W-2 and 1099 Preparation
  • Accurate Federal and State Tax Payments
  • Compliance with IRS and State Regulations
  • Handling Amendments and Corrections if Needed

  

• Year-End Reporting

  Year-End Reporting

  Preparing and filing necessary documents for employees and tax authorities.

  • Generating W-2s and 1099s for Employees and Contractors
  • Submitting Year-End Reports to Tax Authorities
  • Reconciling Payroll and Tax Records
  • Ensuring Compliance with Federal and State Requirements
  • Providing Employees with Accurate Year-End Summaries
  • Handling Corrections and Reissues Promptly

  

• Compliance Monitoring

  Compliance Monitoring

  Ensuring adherence to local, state, and federal payroll laws.

  • Keeping Payroll Practices Up-to-Date with Regulations
  • Monitoring Changes in Tax and Labor Laws
  • Conducting Regular Compliance Audits
  • Maintaining Accurate Employee Classification
  • Preventing Penalties Through Proactive Checks
  • Providing Documentation for Legal and Tax Purposes

  

• Integration with Accounting Software

  Integration with Accounting Software

  Syncing payroll data with systems like QuickBooks and Gusto for seamless bookkeeping.

  • Automating Payroll Entries into Accounting Systems
  • Reducing Manual Errors Through Direct Sync
  • Enhancing Real-Time Financial Visibility
  • Streamlining Payroll and Bookkeeping Processes
  • Supporting Multi-Platform Compatibility
  • Saving Time with Seamless Data Transfers