Payroll Questions?

            Payroll Accounting for Small Businesses and Individuals

Due Dates:

January 01/31/2011-W2s and 1099s

February 02/28/2011-W3 (&W2s), 1096 (&1099s)

Weekly/biweekly/monthly payroll check run

PDF version of payroll checks, actual printed payroll checks or direct deposits

Check register and payroll register journal

Cash requirement reports

Federal and State payroll tax calculations

Payroll tax payment vouchers

Prepare and submit Quaterly and Yearly Federal and State payroll tax forms

Preparation of W3, W2s forms, 941, 940, DE6, DE7 and other state payroll tax forms

New hire report for state purposes

New hire package preparation

       You chose how you want to pay payroll taxes:

• Mail payroll tax vouchers
• Pay payroll taxes via EFTPS online system-mandatory as of 01/01/11
• Deposit payroll taxes @ your local bank

           Employer portion of Federal payroll taxes:

• Social Security 6.2% (on the first $106,800.00 per employee)
• Medicare 1.45%
• Futa tax $56.00 (on the first $7,000.00 per employee)