Small Business Payroll and Tax Services

Payroll and tax responsibilities are closely related and also extensive

. To enable small businesses to cut expenditure and channel their resources and finances to their core tasks, PEOs offer small business payroll and tax services that ensure this crucial element of HR management is in expert hands.

PEO Payroll Responsibilities

Payroll responsibilities handled by PEOs vary according to the needs of the companies they deal with. It involves more than payment to employees, but also covers payroll tax filing and maintaining attendance records, working with the benefits administration department, calculation of overtime payments and bonuses, incorporating bonuses into paychecks, and paycheck processing. In other words, the disciplines involved broadly fall into the categories of accounting, law, administration and performance analysis. The experts at the PEO, with experience in various professional fields, can handle these responsibilities in an efficient manner.

List of Payroll and Tax Administration Services

Payroll tax filing and payment are provided by the PEO as part of its payroll services. Small business payroll and tax services are offered by the PEO in an economical manner, and these services extensively cover the following areas:

Paychecks and stubs

Direct deposit to multiple bank accounts

Payroll delivery

Payroll checks drawn on the PEO's account

Section 125 pre-tax administration

Payroll deductions, garnishments and levies

Flexible spending accounts

Federal and State payroll tax deposits and returns

FICA, FIT & SIT tax withholdings

Customized reports

Job cost accounting reports

Cost allocation reports

Filing of FICA, FUTA, SUTA reports

New hire reporting

Federal payroll summaries

Production and delivery of W-2s

Wage/hour law compliance

Paid leave program

Comprehensive payroll deductions

Vacation & sick time accruals

Department summary

Multiple worksites

All these may not be applicable for all organizations, and so the PEO's small business payroll and tax services are flexible enough to be adapted to their individual needs.

Small Business Payroll and Tax Services

By: Christopher S Walton

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