Small business owners have a ton of tax forms to keep up with and, as a result, it can be very easy to get them mixed up.
Well don’t worry, we got you covered.
Payroll is the total sum of all compensation a business must pay to its employees. In case you don’t hire anyone, a payroll for company’s shareholder (owner) should also be prepared. It is a major expense for most businesses and is almost always deductible.
Payroll can differ from one pay period to another due to overtime, sick pay and other variables. Many companies use our office as their outside payroll service. Employers send us the number of hours each employee worked. On payday, we calculate employee salary based on the number of hours or weeks during the pay period and his pay rate. We help to deduct taxes and other withholdings from earnings, and then provide a direct deposit to the employee's bank account or a paper check.