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Payroll Services
Owning and operating a small business comes with tremendous challenges and responsibilities - one of which is “Payroll”. When you hire your first employee, you have entered the tedious world of record keeping and tax reporting. Proper record keeping is not only beneficial to you but also to your employees.
Quite often business owners tend to think that payroll service/management only means ensuring that the employees are paid on time. Not true. Payroll has two distinct areas - Accounting and Administration.
Payroll Accounting consists of:
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Calculating the earnings of employees and the related withholdings and deduction,
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Properly recording the results of payroll activities in the accounting records,
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Filing reports to the federal and state and local agencies government.
Payroll Administration begins the moment you hire that new employee and includes:
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Obtaining and securely storing personal and pay-related information,
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Being compliant with federal, state and local employment laws.
Which small business owner has the time to keep up to date on the numerous laws and regulations that may give rise to payroll employment tax issues (which can be very costly)?
At Livingstone Financial Group, we can manage your entire payroll process, i.e. Payroll Accounting and Administration. Whatever your needs are, we can save you time and money, thus avoiding having to keep up with the many changes in the law. Whether it’s paycheck processing, quarterly payroll tax filing, year-end payroll reporting or W2’s and 1099’s, all are part of our array of available payroll accounting and management services.
Why not allow Livingstone Financial Group’s Payroll Management Services team to work for you? Spend your time doing what you do best - generating new business.
For more information on our Payroll Services, please contact us.
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