Insurance Payroll ServiceWe focus on the numbers for accuracy, we file the proper forms with both the state and the IRS, pay the taxes on your behalf as well as make sure all of your staff is paid on time.
Have a peace of mind.
As a small business with employees, you may have to face on a weekly, bi-weekly, or monthly basis doing your payroll. A number of small business owners would rather not have to deal with this tedious task and have it automated, others may rather do it themselves and hope that all forms and documents are filed accurately, timely, and with the appropriate organizations.
Operating in a state with state tax can make this process even more tedious and makes accuracy even more important. I once had a client who would pay himself every two weeks from his business bank account. He would keep track of it in Excel and with every paycheck, he would withhold tax equivalent to his tax bracket. At year-end, he would issue himself a W2 and file it with the IRS. All was well and good in his mind until he received a lengthy IRS letter. I have encountered my fair share of clients who have made this costly mistake.
Fortunately, we were able to catch it early and mitigate the financial impact. These are highly intelligent individuals running successful businesses, they are not incompetent, they were simply under the impression that they were doing the right thing. Keeping your business compliant with the payroll laws in your state and with the IRS is hugely important. Taxes, penalties, interest, and fines are a big part of the state and the IRS revenue and will be levied by both if things are not done correctly.
This is our goal here at Kit Thomas, CPA. We focus on the numbers for accuracy, we file the proper forms with both the state and the IRS, pay the taxes on your behalf as well as make sure all of your staff is paid on time. We want you to focus on your business, growing it, and achieving any goals you have set while we focus on the numbers for you. One less item, for you to lose sleepover.