All businesses or organizations that have employees is obligated to follow certain federal, state and local laws and procedures regarding payroll-related issues. All employers is responsible for withholding the appropriate taxes (federal income tax, Social Security, Medicare, federal and state unemployment taxes, state and local income taxes, state disability taxes, etc.) from their employees' pay, depositing these taxes into the appropriate accounts, paying the appropriate taxing agencies, and filing all of the associated returns.
Infotax Square tailors its services to meet the needs of each individual client, small or large, from various types of industries. Customers may pick and choose from the following services, or turn over their entire payroll for a full service approach.
We offer preparation/calculation of:
- Payroll checks
- Quarterly reports
- Annual reports (W-2s, 1099s, etc.)
- Tax deposits
- Employee earnings records
- Workers Compensation audits
- Direct deposit of payroll checks
Infotax Square makes payroll preparation quick and easy. We'll help your bookkeeper set up a customized spreadsheet to enter employee hours and other information.
Benefits of Outsourcing Your Payroll: The benefits to outsourcing your payroll are many.
First, and perhaps most important, is confidentiality. Having a professional third party prepare your payroll checks eliminates the possibility of security leaks concerning individual salary level among employees.
Second, you can rest assured that your company's payroll is being prepared according to the most recent payroll and tax laws. Your staff can concentrate on other financial matters without having to worry about staying abreast of the ever-changing tax regulations.