Payroll Services

Scrimping on Payroll Services Will Red-Flag Your Business With the IRS.

The IRS is serious about payroll tax laws and the penalties and fines for those who don’t comply are stiff. If you are a small business owner who processes your own payroll, or who hires an employee who dedicates time to processing payroll, you are probably wasting a minimum of 12 days per year that could be spent generating new business.

Our payroll services are cost-effective, giving you back the time you need to run your company and focus in improving your products and services. We keep up with the changing federal and state tax laws so that you don’t have to.

And because we understand that the needs for every business vary, we offer you three different levels of payroll services.

Comprehensive Payroll Services

This is your full-service, no hassle payroll plan where we provide the following…

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On-time payroll check preparation and laser printing on blank, maximum security check stock

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Free direct deposits

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IRS and State Tax reporting, as well as EFTPS tax deposits

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Easy to understand monthly, quarterly, and annual payroll tax reports including W2, W3, and 1099 forms

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Employee sick day, vacation and personal day accruals

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Creation and filing of required tax paperwork for new hires

Post-Payroll Services

If you prefer to manually process your payroll checks, we can help by providing the following services…

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Your data records into our files for problem free maintenance and reporting

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IRS and State Tax reporting, as well as EFTPS tax deposits

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Easy to understand monthly, quarterly, and annual payroll tax reports including W2, W3, and 1099 forms

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Employee sick day, vacation and personal day accruals

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Creation and filing of required tax paperwork for new hires

On-Line Payroll Processing

Enter employee hours and earning online and you will get…

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The ability to print your own payroll checks on your own computer

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Free direct deposits

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IRS and State Tax reporting, as well as EFTPS tax deposits

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Easy to understand monthly, quarterly, and annual payroll tax reports including W2, W3, and 1099 forms

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Employee sick day, vacation and personal day accruals

9

Creation and filing of required tax paperwork for new hires

Other Payroll Services

We can also help you with the following…

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Worker’s Compensation Audits

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Unemployment Claims

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Social Security Audits

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Child Support Audits

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W-2 and W-3 processing

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1099 and 1096 processing

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Preparation/assistance with Federal and State registration forms

Contact us for a FREE consultation and to get payroll processing estimates for your business.

Retirement Plans for Small Businesses (Q&A)

There are several retirement plans for small businesses, ranging from one to many employees. At Wave Tax, we offer a variety of options to help you determine the most suitable plans for you and your business. Let’s explore these choices. • Individual 401(k) Plan:...

What Actions Should You Avoid to Minimize the Risk of an IRS Audit? 

The IRS is currently developing strategies to reduce the likelihood of increased audits for taxpayers earning below $400,000. However, specific elements on a tax return can still attract attention, regardless of income.  A recent report from the Treasury Inspector...

Living Abroad? This is Essential Information Regarding Taxes

Residing or retiring outside the United States does not exempt you from filing U.S. taxes. 📌 Here are some important aspects of tax responsibilities to consider: The United States is one of only two nations globally that imposes taxes on the worldwide income of its...

Recommendations for Preventing an IRS Audit

The IRS is striving to limit the number of audits for taxpayers with incomes below $400,000; however, specific aspects of their tax returns may still attract attention, irrespective of their income level. The Treasury Inspector General for Tax Administration (TIGTA)...

The Available Options if You are Unable to Pay your Taxes

The deadline for filing taxes in 2023 was April 15, 2024. While many Americans received refunds, the percentage of individuals who owe the Internal Revenue Services (IRS) has steadily increased over the years, rising from approximately 39% in 2021 to 43% in 2023,...

Tax Filing Deadlines and Key Dates for 2024

If you are a U.S. citizen, have interests in the U.S., operate a foreign business entity, or are a U.S. citizen residing in Canada, it is crucial to be informed about the significant dates and deadlines related to income tax filing obligations. At Wave Tax, we...

The Deadline for Tax Extensions is Approaching: Tax Returns by Income Categories for 2024

The tax season officially concluded on April 15, and the six-month extension deadline is now nearing in October. As of May 23, a total of 132,270,182 income tax returns have been submitted to the Internal Revenue Service. 📌 Data from the Internal Revenue Service (IRS)...

Recommendations for Maximizing Tax Deductions for Owners of Energy-Efficient Commercial Properties

Despite the prevailing concerns regarding the energy efficience and commercial real estate market, it is projected that two-thirds of the global floor space currently in existence will still be operational by 2040. The International Energy Agency (IEA) reports that...

Major Corporations Experience Significant Advantage in Tax Disputes 

Recent limitations set by the Supreme Court on the regulatory authority of federal agencies are influencing the tax landscape, potentially shifting certain legal battles in favor of large corporations rather than the government.  In at least five ongoing tax cases,...

Considerations to Keep in Mind in the Cannabis Business

One of the points to take into account, especially for those involved in the business, is what they call “Cannabis Rescheduling”, which means that it has the possibility of becoming a Schedule III controlled substance as opposed to the current and stricter Schedule I,...

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