McVay Business Services - Accounting & Tax Services Pensacola, FL
Processing payroll is no easy task. There are many details involved including determining wages, calculating withholding and deductions, and setting aside payroll taxes.
Frequently asked questions about how to do payroll. How to do Payroll
Generally, you need to pay federal and state income taxes on at least a monthly basis. As for filing, Federal Form 941 (quarterly federal tax return) must be filed each quarter. Form 940 (FUTA tax return) must be filed yearly. Employers must send Forms W-3 and W-2 to the Social Security Administration each year.
See your state’s minimum wage laws to determine the cash wage that is required for tipped employees.
You don't have to worry about how to do payroll when you outsource it to a firm like McVay Business Services. Partnering with us means you have a dedicated payroll coordinator that will work with you during each payroll cycle and a team of experts to handle complex payroll and tax obligations. Contact us to learn more about payroll, workers comp and employee benefits! Mike McVay, Payroll Expert 850-725-5696 www.PensacolFLTax.com |
Mike McVay, Tax Accountant Blog
Certified QuickBooks ProAdvisor & Licensed Tax Accountant Pensacola, FL Best Price
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