Processing payroll can be a daunting and inefficient task for most business owners. Most small businesses processing their own payroll consume time and resources that could be utilized elsewhere.
Managing the payroll process can include:
- Keeping up on the payroll tax laws
- Determining if your worker is an employee or independent contractor
- Issuing W-2’s to employees
- Keeping track of the vendors or service providers that should be issued 1099’s
- New hire reporting
Is spending time managing payroll the best use of time for a business owner or their employees? At Padgett Business Services, an Orlando accounting firm we would absolutely not. The more resources a business owner can throw at increasing sales and marketing the business the better.
Outsourcing Payroll provides the following benefits:
- Employment returns are prepared and submitted on time
- No penalties or late notices
- No wasteful time spent learning federal and state tax laws
- Free up additional time to focus on managing core business processes
Our expert payroll service includes:
- Preparing the payroll so your employees are paid on time
- Preparing W-2s and W-3s
- Preparing 1099s
- Completing federal and state payroll tax filings
- Worker's compensation insurance
We can customize our payroll service to meet your specific needs:
- After the fact – we prepare forms 940, 941, W-2’s, and W-3’s while you issue the payroll checks in-house.
- Padgett Run – We manage the entire payroll process.
- Padgett Connect Payroll - Online payroll software similar to QuickBooks Payroll. This software can be used to prepare all employee and independent contractor paychecks. Platform also includes direct deposit.