Payroll Accounting for Small Businesses and Individuals

Due Dates:

January 01/31/2012 - Forms W2s and 1099s

February 02/28/2012 - Forms W3 (&W2s), 1096 (&1099s)

Payroll Accounting Services

• 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 Quarterly and Yearly Federal and State payroll tax forms
  
• 2011-Preparation of W3, W2s forms, 941, 940, DE9, DE9C 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 for 2011)
• Medicare 1.45%
• Futa tax 0.8% for wages paid between 01/01/11-06/30/11 ( on the first $7,000.00 per employee)
• Futa tax 0.6% for wages paid between 07/01/11-12/31/11 ( on the first $7,000.00 per employee)