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Payroll Processing:
Payroll is no longer just about paying employees. It has become a complicated process requiring specially trained
and experienced staff. In many cases it all adds up to valuable time being spent that could be used to grow your business.
The professionals at PSMG will handle all payroll and costs freeing you from issuing payroll checks, filing payroll taxes,
journals and reports. Also freeing you from Federal and State reporting and government audits. Protecting your valuable information.
PSMG payroll processing system offers the most "State of the Art" technology and flexibility to allow for efficient,
timely and accurate payroll administration.
Payrolls are processed within the parameters set by our clients.
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- Processing of payroll checks.
- Electronic tax payment system. (EFTPS)
- Calculating,
filing and paying all payroll taxes. Federal & State withholdings, FICA, FUTA & SUTA.
- Production & Electronic filing
of 940, 941, W-2, W-3, State quarterly and annual reports.
- State and Local withholding taxes processed and paid.
- Tracking
of holiday, vacation and sick pay.
- Child support and employee garnishment processing.
- Special reporting:
Labor distribution.
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- Sec 125 tax benefit calculation.
- Employee wage history maintenance.
- Workers'
Compensation premium calculation & payments.
- 401(k) contribution program and payment.
- Data Management.
- Hourly,
salary, commission, per diem, piecework, advances and draws.
- Data Disaster Recovery Program.
- Direct Deposits.
- Preparation
and delivery of all reports.
- If applicable, union dues, pension and health & welfare calculation and deductions.
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Fact: $5,000.00 per employee -
The approximate
annual cost of government regulation, paperwork and tax compliance. Originally calculate in 1995, this cost is estimated to
have risen 10% since then.
Source: Small Business Administration
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