How much time do you spend trying to meet the reporting requirements placed on your business by federal, state, and local taxing authorities? We take full responsibility for the timeliness and accuracy of all payroll tax deposits and filings so you no longer have to worry about late deposits or tax penalties.
Federal Taxes (Federal Income Tax, Social Security, Medicare, and Federal Unemployment)
941 Payroll calculates all federal payroll taxes each pay period, electronically transfers these tax funds from your bank account and remits them to the IRS on the appropriate date. We then complete and file all quarterly and annual payroll tax returns (Forms 941 and 940). You will receive a report each payroll detailing each of these taxes for your records. Additionally, you will receive a copy of all tax returns completed and filed by 941 Payroll.
State Income, State Unemployment, and Local Taxes
We calculate all state and local payroll taxes each pay period, electronically transfer these taxes from your bank account and deposit the funds with the appropriate taxing authority by the due date. We then complete and file all quarterly or annual payroll tax returns (941 Payroll may not cover all local jurisdictions). You will receive, with each payroll, a report detailing each of these taxes for your records. Additionally, actual copies of all returns and forms are available online.
No More Tax Penalties or Late Deposits
At 941 Payroll, we take full responsibility for the accuracy and timeliness of all payroll tax payments and filings, both federal and state. Your payroll tax deposits are made on time. Your payroll forms are filled out accurately and filed on time.
Your Agent and Advocate in Tax Matters
We will serve as your agent and respond to any tax inquiry on your behalf. In matters before the IRS or state tax authority, we will act as your advocate, many times getting penalties reduced or totally eliminated. Our favorable reputation with the IRS and other tax authorities allows us to work more easily as your agent and advocate, enabling your business to continue operations and remain compliant.
End of Year Preparation
941 Payroll prepares the year-end W-2s, 1099s, W-3s and 1096 recaps.