Many small businesses outsource their payroll and related tax duties to third-party payroll service providers. Our Tax and Bookkeeping Services Inc. can help assure filing deadlines and deposit requirements are met and greatly streamline business operations. As an employer you must deposit federal income tax withheld, and both the employer and employee social security and Medicare taxes. There are two deposit schedules, monthly and semi-weekly. Before the beginning of each calendar year, you must determine which of the two deposit schedules you are required to use.
As a payroll services provider we also offer TIN Matching as part of a suite of Internet based pre-filing e-services that allows “authorized payers” the opportunity to match 1099 payee information against IRS records prior to filing information returns. An authorized payer is one who has filed forms 1099-B, 1099-DIV, 1099-INT, 1099-K, 1099-MISC or 1099-OID with the IRS in at least one of the two past tax years.
- match the payee name and TIN with IRS records;
- decrease backup withholding and penalty notices; and
- reduce the error rate in TIN validation.
We offer payroll solutions that meet your business’s needs and enable you to spend time doing what you do best-running your company.
We are Cost Effective, Time Saver, Worry Free Payroll Tax Filing Payroll Provider
With our Comprehensive Reports you get user-friendly and accurate payroll reports, IRS and New York State tax reporting as well as EFTPS tax deposits. Easy to understand monthly, quarterly, and annual payroll tax reports, W-2, W-3 and 1099 forms. Reports on your employee’s vacation, sick days, and personal days accruals as well as new hire reports.
Payroll Services After The Fact
Do you have manually-prepared payroll records and other payroll information and need to prepare IRS and New York State tax reporting as well as EFTPS tax deposits? Not a problem! Contact us NOW and we are here to help you.