PAYROLL PROCESSING

Payroll is an essential function of every business. Payroll errors waste employers’ time and money while eroding trust in the employer-employee relationship. Clear communication with your payroll service provider is key.

Paymasters is dedicated to simplifying your payroll process. We provide you with a dedicated Payroll Specialist, so each pay period you’ll speak with the same friendly and knowledgeable person that understands the nuances of your payroll. Alternatively, you may choose to submit your payroll hours online using our internet service or submit via fax.

Every payroll you’ll receive:

Paychecks ready for your signature and distribution
A report of cash required to cover payroll expenses and tax liabilities
A payroll register detailing current and year-to-date payroll information
A department report of current, month-to-date, quarter-to-date, and year-to-date payroll data
Timely and accurate notifications of tax liabilities and deposits
Payroll data-entry worksheets to record your next payroll

Every quarter you’ll receive:

An instruction letter explaining your federal and state tax liabilities currently due and where to file your payroll tax returns
A signature ready Form 941 along with a copy for your records
State and local payroll tax returns ready for your signature along with a copy for your records
A company earnings and tax summary report that summarizes gross pay, taxable wages, and tax liabilities for employer and employee taxes for the quarter

Paymasters’ Tax Payment Service further simplifies your payroll tax responsibilities by collecting, paying, and filing your payroll liabilities on your behalf while we take responsibility for any penalties and interest that result from our error.

Every year you’ll receive:

Employee W-2’s (additional fee applies)
Employer’s copy of W-2’s
Employer W-3
Paymasters will file federal and state W-2’s electronically (where applicable) on your behalf
A signature ready 940 along with a copy for your records