Payroll Services

Let Dayton Tax take the burden of taxes, withholding amounts, and more with our payroll services

Payroll services are another invaluable service many of our clients partake in.

There are a multitude of issues when it comes to payroll. It is such a big job that there are major companies that focus solely on payroll for employers.

If you are thinking of doing the payroll on your own, here are a few of the issues you'll deal with as an employer...

• Withholding amounts. There are many taxes you'll be taking out of your employees paychecks that you are responsible to pay in a timely manner. These include FICA, federal, state, cities, garnishments, and retirement to name a few.
  
  
• Due dates. The above taxes are due at certain dates. Heavy penalties are assessed if you do not comply to these dates.
  
  
• Unemployment. You will need to first apply for unemployement and are expected to pay both state and federal unemployment at various times throughout the year.
  
  
• Worker's Compensation. Again, you'll need to apply to your state body and pay a couple of times per year.
  
  
• Quarterly and year end W-2, 1099, and other reports.
  
  
• Accounting for payroll. This is an area that is tough to understand. What amounts go to what account. It is very easy to mix up assets, liabilities, and expenses when it comes to payroll.

Payroll is a job within itself. The good news is that Dayton Tax & Accounting offers payroll services or you can turn to a third party provider.

There are 3 major companies we refer clients to and one software program that will assist your company with payroll.

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