Payroll Services
Streamlining Payroll for Your Business
Running a small business comes with a multitude of responsibilities, and managing payroll can be one of the most time-consuming and complex tasks. This is where CCL Tax & Accounting, Inc. steps in to offer comprehensive payroll services that allow business owners to focus on what they do best - growing their businesses.
Our full-service payroll solutions are designed to cater to small business owners who may not have the resources to invest in payroll software or hire dedicated HR personnel. By outsourcing your payroll needs to us, you'll not only save time and money but also gain peace of mind knowing that your payroll responsibilities are in capable hands.
Why Choose CCL Tax & Accounting, Inc. for Payroll Services?
Cost-Effective: Our payroll services are not only efficient but also cost-effective for businesses of all sizes.
Secure Data Handling: We prioritize the security and confidentiality of your payroll data, ensuring it's always safe and accessible when you need it.
Professional Expertise: Our team of licensed tax professionals handles every aspect of your payroll, guaranteeing accuracy and compliance.
Our Payroll Services Include:
Form W2 & 1099 Preparation
New Hire Reporting
Worker’s Compensation Management
Paid Family Leave & Disability Administration
Payroll System Setup
Payroll Preparation and Processing
Payroll Tax Filing
Unemployment Tax Preparation
Starting a Payroll
Compliance with federal and state wage and labor standards is essential for all employers. This includes adhering to minimum wage regulations, income tax withholding, recordkeeping, and setting up worker's compensation and disability insurance. At CCL Tax & Accounting, Inc., we specialize in professional payroll management, ensuring that employees are paid promptly, records are meticulously maintained, and all federal and state labor and tax filing requirements are met.
Workers’ Compensation
Before issuing your first payroll, it's crucial to have workers' compensation, disability, and paid family leave insurance in place, as mandated by state law. These insurance policies provide financial compensation for medical care and lost income in the event of a work-related accident. Workers' compensation not only protects employees but also shields employers from potential lawsuits initiated by injured workers. CCL Tax & Accounting, Inc. handles all aspects of payroll administration, including insurance coverage.
Preparing & Administering Payrolls
Calculating employment taxes and ensuring accurate income tax withholding can be intricate but necessary tasks. Employers are responsible for withholding and remitting taxes on behalf of their employees. Any errors in employment tax payments can result in penalties and interest. We meticulously record withholdings and issue earning statements (pay stubs) to employees, providing a breakdown of salaries, employer contributions for benefits, and taxes paid.
Payroll Documents You Need
Before issuing your first payroll, certain documents must be prepared for tax purposes and other employer obligations. These include:
Employer Documents:
Employer Identification Number (EIN)
State/Local Tax ID Number
State Unemployment ID Number
Workers' Compensation ID Number
Employee Documents (retained by employer):
Employment Eligibility Verification (I-9)
Federal Employee Withholding Certificate (W-4)
State Withholding Allowance Certificate
When to Make Deposits & File Employer’s Tax Returns
Payroll taxes must be reported to federal, state, and local authorities, each with its own set of rules. Employers are responsible for withholding, depositing, and reporting employment taxes to these jurisdictions. The frequency of federal employment tax deposits depends on the total payroll size. For payrolls under $50,000, monthly deposits are required, while amounts over $50,000 necessitate semi-weekly deposits. Employer tax returns, or withholding tax reports, are generally due by the last day of the month following the end of the quarter. Non-compliance may result in penalties and interest.
Streamline your payroll processes and let CCL Tax & Accounting, Inc. handle your payroll responsibilities. With our expert assistance, you can focus on the core aspects of your business, knowing that your payroll is in capable hands.
Practicing Jurisdiction
New York
New Jersey
Pennsylvania
Price
Starting at $200.00