Full-Service Payroll Management
Full-Service Payroll Management includes the following:
- Process periodic wages using a payroll software
- Calculate 401(k)/retirement contributions for employees, if applicable
- Calculate and track accrued vacation and sick time or other benefits
- Provide direct deposit for your employees
- Online access/emailing employees paystubs
- File required federal & statement reports to tax authorities
- Quarterly Form 941 to report federal income, social security & Medicare taxes and employee wages
- State income and unemployment taxes
- Annual Form 941/944 to report federal income, social security & Medicare taxes on an annual basis
- Annual Form 940 to report federal unemployment (FUTA) tax
- Annual Forms W-2 & W-3 list employee wages & tax withholdings
- Prepare annual payroll summaries (for the year ended)