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.
Timekeeping Accuracy
Verify the accuracy of timekeeping records to ensure that employee hours worked are correctly recorded and accounted for.
Payroll Tax Withholding
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.
Payroll Reports
Generate and review payroll reports, such as earnings statements, tax summaries, and labor distribution reports, for accuracy and compliance purposes.
Garnishments and Levies
Deduct court-ordered garnishments or levies from employee wages as required by law.
Year-End Reporting
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.