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Paycheck & Direct Deposit Processing
Time Tracking Integration: Collecting, verifying, and importing employee hours, hourly rates, salaries, and commissions.
Net Pay Distribution: Executing direct deposits or printing physical paychecks according to their pay schedule (weekly, bi-weekly, semi-monthly).
Contractor Compliance: Processing 1099 contractor payments alongside standard W-2 employees.
2. Payroll Tax Automated Management
Tax Withholding: Calculating and automatically withdrawing federal, state, and local payroll taxes (including Social Security, Medicare, and Federal/State Unemployment).
Tax Remittance: Timely submission of withheld payroll taxes to the IRS and California Employment Development Department (EDD).
3. Quarterly & Year-End Tax Filings
Form Submission: Preparing and filing recurring tax documents:
Federal: Form 941 (Quarterly Employer Return) and Form 940 (Annual Unemployment Tax Return).
California: Form DE 9 (Quarterly Contribution Return) and Form DE 9C (Quarterly Report of Wages).
Year-End Summaries: Generating, filing, and distributing W-2 forms for employees and 1099-NEC forms for contractors.
4. Deductions & Reporting
Benefits & Garnishments: Calculating and allocating deductions for health insurance, 401(k) contributions, or state-ordered wage garnishments.
Journal Entries: Creating and logging the final payroll journal entries so they post perfectly into the general ledger software.
Paycheck & Direct Deposit Processing
Time Tracking Integration: Collecting, verifying, and importing employee hours, hourly rates, salaries, and commissions.
Net Pay Distribution: Executing direct deposits or printing physical paychecks according to their pay schedule (weekly, bi-weekly, semi-monthly).
Contractor Compliance: Processing 1099 contractor payments alongside standard W-2 employees.
2. Payroll Tax Automated Management
Tax Withholding: Calculating and automatically withdrawing federal, state, and local payroll taxes (including Social Security, Medicare, and Federal/State Unemployment).
Tax Remittance: Timely submission of withheld payroll taxes to the IRS and California Employment Development Department (EDD).
3. Quarterly & Year-End Tax Filings
Form Submission: Preparing and filing recurring tax documents:
Federal: Form 941 (Quarterly Employer Return) and Form 940 (Annual Unemployment Tax Return).
California: Form DE 9 (Quarterly Contribution Return) and Form DE 9C (Quarterly Report of Wages).
Year-End Summaries: Generating, filing, and distributing W-2 forms for employees and 1099-NEC forms for contractors.
4. Deductions & Reporting
Benefits & Garnishments: Calculating and allocating deductions for health insurance, 401(k) contributions, or state-ordered wage garnishments.
Journal Entries: Creating and logging the final payroll journal entries so they post perfectly into the general ledger software.