Ensure Tax Compliance with Local Expert Assistance
Answering Common Payroll Tax Filing Questions
Taxes are a large part of the payroll process. Most of the time, it’s easy to calculate hours worked, overtime, and/or salary amounts for each paycheck. Taxes make things much more complex, and as such they require more detailed recordkeeping and reporting. Tax reporting is a necessary evil for all companies, and instead of taking on this daunting and tedious task in-house, it likely makes sense to outsource it to an experienced payroll provider.
Our team of payroll experts has been handling tax filing and all other parts of the payroll process for companies in the Bay Area and beyond for many years. We have the right team, software, and approach to be your ideal payroll partner, and we can help ensure you remain in compliance at all times.
In the sections to follow, we will discuss payroll tax filing, what is required, and how we can help. Read on to learn how we can help take on this challenging part of running any business.
What Are Tax Filing Services?
Much like your individual tax return, your business must also file a return to account for taxes paid and potential taxes owed. However, business tax returns are much more complex in most instances, and often require professional assistance to file correctly. Because a payroll provider already has your tax information and employee data on file, it makes sense for them to file your taxes, and this can help ensure you always remain in compliance.
What Information Must Be Filed?
Tax forms must be filed which account for federal withheld taxes to be paid, Medicare and Social Security tax info (which is paid by the employee and the employer), unemployment, and certain other information in select municipalities. While you do have to file an annual return, you also must file quarterly returns and make regular payments for payroll taxes.
What is the Tax Filing Process Like?
When you partner with us, the tax filing process becomes much easier. We take care of all necessary filing, and we’re here to help every step of the way. By using both our team of experienced professionals and some of the most advanced payroll software available, we can maximize efficiency while still ensuring everything is done correctly. Because tax laws change regularly, our team stays on top of legislation and ensures changes are made in real time to make sure your company stays compliant.
Can You Process Tax Payments?
Once taxes are filed, our system also has the ability to process payments and reconcile your accounts on your company’s behalf. This cuts down on the possibility for errors and allows you to fully automate the payroll tax process.
How Do I Get Started with Payroll Services?
If you’re currently doing payroll processing in house or you are unsatisfied with your current provider, we would love to help. We make it a point to understand your business and your goals before we start working with you, so the first step would be to schedule a consultation where we can learn more about your business and answer your questions. Feel free to contact us today to schedule a meeting and learn more about our services.
