The payroll tax is calculated as the percentage of the wages that the employer withholds from employees on the behalf of government. It is imposed on the employers and the employees. The pay tax consists of two components: one is from the deduction of employee’s wages and the other is the taxes paid by the employer that depends upon the wages given to the employees.
The Ivy Tax & Business is available all the time for easy payroll services for the businesses of small and medium size. We can help you simplify the payroll processing and employee payroll tax filing, so you can devote your time 100% on growing your business.
Payroll Taxes You Need To File
Federal Tax Deposits
The IVY Tax & Business assists to calculate the total payroll tax liabilities, all employees tax withholdings and remitting, along with both employer and employee Security and Medicare payments to the IRS on weekly, bi weekly, bi monthly or monthly basis depend on your business schedule. Our firm help you to deduct and withdraw and pay the taxes from employers and employee. And to make federal tax deposits we also take care of electronic fund transfer (EFTPS) to IRS.
State and local taxes
Most of the states are bound to collect the income taxes and they are also required the employers to withhold the taxes from their employees. The Ivy Tax & business and the local revenue office work in collaboration with each other to file the tax returns of the employees of any business. Local taxes are imposed on the employees by the local governments. The Ivy Tax & business helps you to manage all the documentation from reporting on time.
The Unemployment taxes
The Ivy Tax & Business’s professionals can help you in compliance with and the SUTA (State Unemployment Tax Authority). We will make sure your business pay the right amount of unemployment tax based you the number of employees, your industry and relevant state regulatory requirements.
Year-End taxes
At the end of the year, the Ivy Tax & Business can help you prepare and file the W-2s and 1099s forms for the employees by January 31. We also help you to adjust on your withholding t updating W-4 forms of the employees if necessary.
Payroll Services We Provide:
- Weekly, Monthly, Quarterly or annually payroll withholding and deduction
- Payment method set up: Provide direct deposit or electronic payroll reports
- Federal and States’ payroll tax processing and filing
- Manage end-of year tax forms filing (W-2 & 1099)
Benefits of Using Our Payroll Services:
Save Your Money
You can save your money when you are outsourcing your payroll service compared to performing the service in-house. The Ivy Tax & Business provide the payroll related activities by keeping the close look on changes in the laws of tax, preparing and submitting payroll taxes and returns to the IRS, W-2s and new hire reporting. Our on-time business related submission of different documents avoids you from overpaying. Most of the accountants suggest business owners to outsource payroll, many of our clients prefer us because we consider our client as member of our firm’s family and we try our very best to save even a single penny.
Save Your Time
The Ivy Tax & Business helps you to prepare W2s for the employees. Moreover, we keep an eye on your employees’ benefits, new hiring and terminations and deal with the federal and state regulation changes that could be so time consuming for you. Working with Ivy Tax & Business allow owner of the business to concentrate fully on the business, the accountants to work more on the strategic tasks that will affect the rating of your business. Even if you deploy number of people to attend payroll demands, it ill consume a great deal of time, but our experts make this task simple and time saving.
Keep Your Business Complied
The law and regulations regarding payroll are often complex. It is very hard for small business owners to keep most updated with ever changing legal and compliance requirements. To help your business comply with regulations, our experienced professional who are familiar with Federal, State and Local regulations can help you take care of your payroll need while keep compliance. Our experts can identify and determine the required documents for compliance process and monitor the changes and then determine they are applicable for you or not.