The IRS states that small businesses pay 80 percent of all of the tax penalties resulting from improper payroll tax withholding and reporting. No business wants to be an IRS statistic in the penalty column, but it is easy to find your way there by not understanding the complicated payroll accounting and tax system. Of course, many IRS regulations are complicated and require professional help. Discover this info here at the website domain.
Payroll Services in Queens can provide the experience in payroll processing which will enable your business to worry about productive matters instead of looking over you shoulder for the IRS. Avoiding IRS penalties is but one great advantage to having your business payroll prepared by a company that knows every benefit to outsourcing the payroll.
You can be certain that the payroll will be prepared using the latest FICA and Medicare tax rates. You can also be certain the correct taxes will be forwarded to the government by the quarterly deadlines. You will also receive a variety of user-friendly payroll reports which are accurate in every detail. Another advantage provided is certified payroll reports, workers’ compensation reports and analytical payroll summaries by task for a nominal fee.
Other benefits include:
- Your payroll checks always be prepared on time.
- Payroll checks are laser printed and they meet the micro encoding standards required by the Federal Reserve System.
- Free Direct Deposits of paychecks can be arranged with the option to use deposit in multiple accounts.
- Worry Free IRS and State tax reporting.
- User friendly and understandable monthly, quarterly, and annual payroll tax reports.
- Detailed reports to help you keep track of employee’s sick days, vacation, and personal business days accruals.
- Creation and filing of the required new hire report.
The Payroll Services in Queens can enable you to print the payroll checks on your office computer. This will help you make the checks readily available when they should be issued. Other services which are payroll data dependent are:
- Unemployment claims
- Workers Compensation Audits
- Child Support Payment Audits
- Social Security Audits
- W-2 and W-3 processing
- 1099 and 1096 processing
- Preparation/assistance with Federal and State forms
