Payroll
Empower your small business with cost-effective payroll solutions.
Payroll
Is payroll management diverting your focus from business growth? At TaxicMinds, our seasoned team of experts handles all aspects of payroll seamlessly – from paycheck and tax calculations to management reporting and beyond. Our tailored payroll solutions cater to businesses of any size and structure, saving you valuable time, money, and resources.
By outsourcing payroll to us, you gain a dedicated team that seamlessly integrates with yours, delivering top-tier services. We handle every paycheck detail, including PT, expenses, and benefits, aiming to minimize post-payroll corrections, mitigate compliance risks, and expedite the process, ensuring your business stays ahead.
- W3/W2 Forms and Return Filing
- Payroll Tax Reporting Form 940, 941 and state fillings
- Wage Administration Services
- Prepare and deliver Management Reports
- Calculate paychecks and tax obligations with respect to the Employee timesheets.
- Tracking the Time-offs
- Managing the Paymaster
- Tax Liability calculation
- Labor allocation
- Tailor-made Payroll Management Services
- Department Summary
- Preparing the Job Costing
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Softwares :
Employers should maintain accurate records of employee wages, tax withholdings, and payroll tax deposits. This includes payroll registers, employee W-4 forms, and copies of payroll tax returns filed with the IRS and state tax authorities.
Most employees are subject to payroll taxes, but there are exceptions, such as certain types of independent contractors or employees covered by alternative retirement plans.
If errors are discovered in payroll tax filings, corrections should be made as soon as possible to avoid penalties and interest charges. Depending on the nature of the error, corrections may involve filing an amended return, making adjustments to tax payments, or communicating with tax authorities to resolve the issue.
Yes, there are various payroll tax credits available to employers, such as the Work Opportunity Tax Credit (WOTC) for hiring certain disadvantaged individuals, the Employee Retention Credit (ERC) for retaining employees during certain periods of economic hardship, and credits for paid sick leave and family leave under the Families First Coronavirus Response Act (FFCRA).
Have questions?
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US : +1 646 300 9653
IN : +91 96010 14921
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info@taxicminds.com
