Proudly Serving Madison since 1969

For Immediate Help... Call now!

Consulting Services Tax & Accounting

Experienced Tax Problem Solvers • Specializing in Business & Individual Tax Solutions

Choosing a Professional Payroll Service

Posted on: August 10th, 2016 by consultingsrvs No Comments

Choosing a Professional Payroll Service

Choosing a Professional Payroll Service

If you’re operating a business, there are two main ways of paying your employees: Choose to handle payroll yourself, or you can choose to use a professional payroll service to do it for you. However, if accounting is not your area of strength and you aren’t knowledgeable regarding payroll tax laws, then a professional payroll service is the likely way to go.

Before you select a professional payroll service, however, it’s crucial to understand how your company will benefit from the services provide, what accounting tasks a professional payroll provider can perform, the costs of the services they provide, and exactly what you should look for in a payroll service during the decision making process. You will also have the option to choose a local payroll service, or you can choose to use an online payroll services which may be accessible from anywhere.

Payroll Services

Professional payroll services assist businesses with managing payroll. Typically, payroll services offer the following services:

  • Run payroll:Professional payroll services uses an automated system to calculate how much your employees should be paid per pay period, and they will deposits funds via direct deposit or issue a check.
  • Payroll taxes:Professional payroll services can withhold employee taxes, file quarterly payroll tax reports and distribute the tax withholdings to the appropriate state and federal agency. Additionally, they will issue W-2 and 1099 forms at the end of the tax year.
  • Report filing:Professional payroll services can complete all of the required reports and filings that with federal, state and local governments agencies. Additionally, payroll services will submit the reports time.  Also, some payroll services offer businesses the ability to review reports online.
  • New hires:Many professional payroll services report new hires to the government for you.
  • Integration:Most professional payroll services integrate with accounting software. This provides businesses with the ability to keep more accurate financial records.
  • Paid time off:Many professional payroll services keep track of employees’ paid time off. This will give your business the opportunity to approve or deny paid time off requests.
  • Benefits administration:If your company offer employees health insurance options, professional payroll services may offer programs to manage your company’s health insurance plans, flexible spending accounts and transportation reimbursement plans.
  • Retirement services:Professional payroll services may use a system which will make it easier for your business to set up and monitor a retirement plan such as 401(k) and IRA retirement plans, and allow for employees to control their contributions.

 

Consulting Services Tax & Accounting is a full service agency.  We offer in-house accounting, professional payroll services to help you manage payroll, health insurance plans, flexible spending accounts, and bookkeeping services.  Call us today, and we will be happy to give you a free strategy session before we begin to work together.

Areas of Expertise

Non-filer & Delinquent filers

For more Information

Click Here

Non-filer & Delinquent filers

At Consulting Services Tax & Accounting, we know that sometimes life can be complicated, and that can make doing your taxes even more difficult. Sometimes, things can just get away from you, and before you know it, one or more years have gone by. That's why we want to work with you, to make it easier to get caught up and current with your tax filing obligations.

Multistate filers

For more Information

Click Here

Multi-State Filing

Sometimes in life you've got to move around. Your work life can take you to many different places, whether it's a short-term assignment, or a long-term move, this may mean that you will need to file a tax return for multiple states. Many smaller tax preparation firms lack either the expertise or the software to handle multi-state filings. With Consulting Services Tax & Accounting, you can count on us to get all of your tax problems under control, no matter what state filings may be involved.

Small Business

For more Information

Click Here

Home-based Small Business Specialist

If you own a small business, you have enough on your mind just trying to handle your day-to-day affairs and help your business grow. Tax time often adds an even greater burden to the small business owner because the rules for deductibility, depreciation, and how to determine your taxable income can be confusing and time consuming. We want to make tax time easier for you, so you can get back to focusing of the running your business.

Corporate and LLC filing

For more Information

Click Here

Corporate & LLC Guidance

Whether you've owned a small business for a while, or you want to start your new business with a plan for the future, the staff at Consulting Services Tax & Accounting is here to help. We can advise you on the best route to take whether it is the formation of an LLC, Partnership, S-Corp, or a C-Corp, and what the advantages and disadvantages are for each type of entity, so that you'll be prepared to make the best possible choice for your businesses future.

Why Choose Us?

Full service Full Service

As a full service tax preparation firm, not only do we offer professional tax preparation we also offer in house accounting and payroll services. Call us today and we will be happy to set up an appointment for a free 30 minute consultation before we begin working together.

Trust us Year Round Service

Consulting Services Tax & Accounting is available and has regular office hours Monday thru Friday year-round to assist you with any and all tax, accounting and payroll issues that may arise.

Piece of mind Peace of Mind

You can count on Consulting Services Tax & Accounting to provide you with high-quality services and expert advice that will put all of you tax time worries to rest.

Custom care We Are There for You

If you have a unique or difficult tax situation, we are always here to help you. We have seen many different tax scenarios in our 45+ years of service to the Madison area.

Tax News

Marcum Leads Top Firms in Q4 Audit Clients

Top 100 Firm Marcum took the top spot among large audit firms in bringing in new Securities and Exchange Commission audit clients in the fourth quarter of 2015, with 11 new engagements and a net gain of six.

Read More

Google's Tax Deal with U.K. May Be Next in Line for EU Probe

European Union competition chief Margrethe Vestager said Thursday morning she's ready to investigate Google parent Alphabet Inc.'s 130 million-pound ($185.5 million) tax deal with the U.K. if there are complaints. It didn't take long for the first to surface.

Read More

Wyly Lawyer Tells Judge Aggressive Tax Planning Not Illegal

Samuel Wyly's lawyer, fighting a $2.2 billion claim by the Internal Revenue Service, told a skeptical judge that his client's tax planning was "aggressive but not illegal

Read More

EU Sets Sights on Forcing Firms to Pay Nations Tax Where Due

Companies shouldn't be able to get away with paying very low taxes--or none at all--in countries where they earn profits, EU Economic Affairs and Tax Commissioner Pierre Moscovici said as he introduced a package of proposals designed to curb tax evasion.

Read More

© 2016 Consulting Services Tax & Accounting All Rights Reserved