Ensure that employee information is accurate and upto-date, including personal details, tax withholding information (e.g., W-4 forms), and banking details for direct deposit.
Verify the accuracy of timekeeping records to ensure that employee hours worked are correctly recorded and accounted for.
Calculate and withhold federal, state, and local income taxes, as well as FICA (Social Security and Medicare) taxes, based on employee earnings and withholding allowances.
Generate and review payroll reports, such as earnings statements, tax summaries, and labor distribution reports, for accuracy and compliance purposes.
Deduct court-ordered garnishments or levies from employee wages as required by law.
Prepare and distribute annual tax forms, including W-2 forms for employees and 1099 forms for independent contractors, and file required reports with government agencies.
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