As employee administration and tax law regulation grow more complex and change often,
business owners have to spend more time trying to keep in compliance or face the
possibility of being penalized for late or incorrect deposits and filings.
This means business owners are spending less time growing their businesses.
TAX SERVICE INCLUDES:
- Collection of payroll taxes each pay period – assists with managing your cash flow
- Calculate, deposit, file and reconcile your payroll taxes for Federal, State and local tax agencies, including W-2’s, W-3’s and year end reports
- Receive a quarterly tax package with copies of reports for each agency and a year end package with W-2’s, W-3’s and year end reports
- Electronic Tax Payments and Report Filings
- Receive an EFTPS PIN to login to the Federal payment system at anytime to review the payments that are being made on your behalf
- Receive PIN to log into State and local payment systems (*where available) to review payments that are being made on your behalf
- Serve as your Agent regarding payroll taxes issues with federal, state and local agencies
Outsourcing with Peoples Payroll removes the burden of attempting to keep up with all of these changes as well as assists to keep you in compliance. Collecting taxes each pay period assists with managing your cash flow. *We assume the responsibility of collecting, paying and filing reports for withholding taxes to the Federal, State and local agencies. (*providing your accounts are properly funded)