PREMIUM PAYROLL PROCESSING
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One small error in your payroll could result in interest and penalties owed.
What is Payroll Processing?
It's not as simple as you may think.
Payroll is the task of paying your workforce or employees. It is also the set of different types of reports that provide information to management AND employees.
Some reports have more details, and others are summaries. It depends on the user of the report. Payroll processing is a very simple task. It requires a pen, ledger, a calculator, tax tables, and more importantly, a “Big Eraser.”
For example, to come up with NET PAY, one takes the working hour, multiplying it by the RATE OF PAY, then subtracting the taxes and other miscellaneous deductions which results in the NET PAY.
Sounds simple? Not really. One small error could result in a huge penalty in addition to interest owed.
What is “Payroll“?
- The sum of all financial records of salaries (a form of payment on a periodic basis, as opposed to an hourly rate).
- Earnings and wages for an employee (a form of payment based on an hourly rate).
- Bonuses and deductions (payments’ taxable amount). In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. The primary mission of the payroll department is to ensure all employees are paid both accurately and in a timely manner, thereby ensuring that withholdings and deductions are remitted to government agencies in a timely manner.
- Payroll expenses play a key role in any given company’s operations for several reasons:
1. It may affect the cost of goods and merchandise sold.
2. Payroll increases or decreases the net profit.
3. Payroll is subject to the laws and regulations of federal, state and sometimes city ordinances. Payroll laws change constantly, and for you as a business owner it would be most beneficial to outsource this important task to a professional. Payroll processing companies like www.Frogpayroll.com.
Payroll is our mainstay
• We know the laws and regulations.
• We have more than thirty-two years experience in this field.
• We have seen different types of earnings, whether taxable or nontaxable.We can quickly ascertain all of the many details of Payroll, including and process details such as wage garnishments, 401(k), employee advances, vacation and sick time accruals.
COVID-19 was a key factor that we believe helped many of us trust our finances to seasoned professionals. Put your payroll in our hands, and see for yourself! We’re affordable, and we will take care of the following:
• We’ll make sure your payroll taxes are paid on time. Guaranteed.
• We’ll file your new-hire employee requirements for you.
• We’ll file your quarterly and annual reports.
• We will print your W2’s for your employees or 1099s for your outside professionals.
• Respond to the Government notices
• We’ll help you with Workers Compensation AuditsAs a business owner, we realise that your time is valuable. Proper Payroll Processing can be very time-consuming. Wouldn’t you rather be spending time doing more of what you love?
FrogPayroll.com is a reliable, strategic asset your company can use now to quickly and accurately process your payroll. We’re professional, knowledgeable and affordable.
Accessible. Easy to use. Free Archiving, too! Call Frogpayroll now!