We also understand your company's payroll needs, frequency preferences, employee classifications, and compliance requirements to tailor the solution to your business.
We take time sheet data from your computer for the evaluation of overtime, holiday pay, among other adjustments to ensure the proper computation of payroll and avoid errors and the consumption of processing time..
TSS calculates basic wages, bonuses, and taxes. The team is also in charge of the administration of benefits and indeed payroll liabilities as well as all deductions for conformation with regulations.
Process payroll transactions in liability accounts at the close of each pay cycle Compliance employees check for tax and labor laws compliance.
We manage all federal and state filings, including quarterly and annual returns, and ensure accuracy by reconciling payroll records with year-end W-2s, 1099s, etc.
It serves the needs of the client as it meets their requirements on total expense reporting, headcount reporting, and tax liabilities. It has advanced reports that can be used in financial strategic planning to premium clients and cash flow analysis.
Payroll Processing
We take care of the payroll process, computation of salaries, wages, bonuses, overtime, and allowances on behalf of a client. Our streamlined procedure ensures accurate, timely payroll according to your needs.
Tax Withholdings and Filing:
We take care of all federal, state, and local payroll taxes, ensuring timely withholding and filing. In particular, our specialists keep your business current with compliance of payroll tax duties.
Payroll Reporting and Analytics:
Payroll reports are provided for management to view to include labor costs and tax liabilities, among others. Financial planning and audits may use special reports tailored to specific needs.
Payroll Management:
Our payroll service specifically caters to executives, with the special issues of compensation and bonuses that involve taxation. No sensitive information goes through our staff.
Year-End Payroll Reconciliation and Reporting:
We reconcile payroll records at the end of the year to ensure that all reporting and preparation for items such as the W-2 and 1099 are accurate.
Quarterly and Annual Tax Filings:
All payroll tax returns are handled and filed on time and in complete compliance with accuracy - federal Forms 941 and 940, and state forms.
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