Full Service Payroll
You … submit your payroll information (salaries and hours) to us.
We will process payroll:
- Calculate deductions
- Submit direct deposit via National Payment Corporation or send list of net amounts to you
- Email paystubs to employees
- Email report to you for entry to your bookkeeping software
We will prepare monthly, quarterly, and annual reports:
- File required Massachusetts New Hire reporting via MassTaxConnect
- Make federal tax deposit via EFTPS (Electronic Federal Tax Payment System)
- File Massachusetts state withholding and make tax payment via MassTaxConnect
- Prepare quarterly IRS 941 or annual IRS 944 form and email to you for signature
- File quarterly Wage & Employment Detail via UI Online (Massachusetts QUEST)
- Prepare annual IRS W-2 and W-3 forms
- Prepare annual Workers’ Compensation Audit worksheet
Timetable for year-end review and preparation of W-2s and 1099s
For non-Massachusetts clients, we can work with you to determine your state and local requirements, and determine our pricing accordingly.
1099s for Independent Contractors
You … fax or email each W-9 at the time of hire, or when annual payment is $600 or more
… send QuickBooks file or year-end 1099 report to us. Instructions for reviewing QB file before sending.
We will prepare required MA and IRS reports:
- File required New Hire reporting via MassTaxConnect
- Prepare annual 1099 and 1096 forms, and file online to IRS and MA DOR
Timetable for year-end review and preparation of W-2s and 1099s
PRICING for Full Service Payroll
- All fees are billed monthly and may be paid by automatic payment set up on our website
- $600 per year for first employee
- $180 per year for each additional employee
- $90 annual surcharge for weekly payroll, per employee
- Additional discounts for more than 10 employees
- Additional charge for setup of child support payments or wage garnishments
Example: 2 employees paid semi-monthly and 3 paid bi-weekly would be $110 per month, or $1,320 per year total = (600+180*5)/12.
2 employees paid semi-monthly and 3 paid weekly would be $132.50 per month, or $1,590 per year total = (600+180*4+90*3)/12.
Direct Deposit
- Charge for direct deposit is billed directly
- 24 cents per transaction line (each employee deposit, plus one withdrawal from employer account)
- additional 5 cents for payroll submitted three banking days in advance
1099s
- $20 per independent contractor
- Discounted rate if every contractor address and tax ID is complete and correct before January 2
- Includes new hire reporting