The different kinds of payroll services that are offered by us are listed below:
Our payroll office offers:
- Preparation of payroll checks
- Direct deposits
- Preparation and filing of quarterly payroll tax reports for federal and all 50 states.
Preparation of payroll checks:- We understand the importance of payroll checks and hence give utmost attention to the series of calculations involved. Preparing payroll checks involve basic calculations regarding each worker's basic payment and also the deductions for federal and state taxes. It is also necessary to take into account the contributions to health insurance plans and retirement funds. The most comprehensive and user friendly payroll system that is offered by BJtax portal ensures that you are provided with transparent and useful information which will help you in understanding your company's financial activities, as well as assist the course of tracking information for internal and external tax and financial reporting.
Direct Deposits:- A direct deposit refers to the money that the payer directly pays into the payee's bank account. This facility can be used to pay bills, taxes and any other government charges. But its most common use happens in businesses for the payment of salaries and wages. It is through electronic fund transfer that direct deposits are made. The payer, to make sure that the payee is aware of the deposit, would follow up by sending a remittance advice to the payee.
Preparation and filing of quarterly payroll tax reports for federal and all 50 states:- The administration of payroll tax responsibilities is crucial as the rules are complex, and noncompliance draws severe punishments. At BJtaxportal we take care of all the big and small details. Federal payroll tax payments are required of employers, as well as filing of the proper reporting and informational returns. It is also necessary for employers to provide employees with W-2, and 1099 reports, which explains the reimbursement paid and the amount with held.
The experts at BJtaxportal knows that compliance is the key to avoiding payroll tax penalties and they make sure of the below noted aspects:
- You maintain the required federal and state records.
- Your federal and state taxes are paid and reported to the appropriate tax agencies.
- You properly report income, amounts withheld, and amounts paid on behalf of employees and contractors.