Payroll Services
Computing accurate calculations, ensuring timely tax filing and maintaining compliance with various government organizations can be tedious.
At Lifeback Tax, we offer services to a variety of businesses. From small companies with only a handful of employees to multi-million dollar businesses with hundreds of employees, our team is well equipped to handle the payroll details so you can concentrate on running your business.
In order to initiate the process, you will just need to provide our team with the basic payroll information. Once we have started the process, you will have access to our online services to input payroll records. Our team will take care of running the payroll and scheduling taxes in a timely manner as well as sending you a report for your records.
Our small business package includes regular payroll services as well as year-end tax filing,W2 and 1099 preparation.
Payroll Services FAQs
The most preferred schedule for running payroll tends to be biweekly. Weekly payroll can increase the cost of payroll administration, and monthly payments tend to be too spaced out to be feasible for employees.
An EIN is an Employer Identification Number. This number can be found on a handful of documents, such as a business credit report, your company’s payroll documentation, a confirmation letter received from the Internal Revenue Service (IRS), or even prior business loan applications.
Pretax deductions are deductions from an employee's paycheck before any of the taxes are withheld.
Our payroll services encompass all of your company’s payroll needs. Items include but may not be limited to direct deposit of funds, processing for your employees working hours, releasing checks, and providing a proper and ethical cadence of payment for your employees.