SCOPE OF SERVICE
- Classifying and analyzing all the source documents and store them in structure folder system or on document management system.
- Registering businesses for state withholding and state unemployment tax id.
- Setting up employer with all the possible pay types.
- Setting up employee with all the possible deduction.
- Processing weekly/bi-weekly/monthly payroll based on hours worked.
- Calculating accurate income tax withhold for federal, state and city.
- Preparing accurate laser paycheck ready to be printed.
- Setting up direct deposits.
- Recording independent contractor payment and issue year end 1099.
- Managing payroll tax deposits to federal, state and city.
- Preparing and filling quarterly federal tax return and making payments.
- Preparing and filling quarterly state withholding returns and making payments.
- Preparing worker compensation audit report.
- Managing city/local payroll tax return filling and making payments.
- Preparing employee and employer copy of w2/w3 and deliver to employee.
- Preparing and filling annual federal w2/w3 with SSA and state/city w2 reconciliation returns to tax agency.
- Preparing amended tax returns.
- Setting up wage garnishment/child support and making their payments to respective agency.
- Saving all the tax return copies/payment confirmation in structure folder system.
SOFTWARE PROFICIENCY
VASL has proficiency across all the major payroll software used in the industry , such as
- QuickBooks payroll
- Payroll relief by Accountantsworld
- Sure Payroll
- ADP run platform.
- Any software client is using
