Reliable New Hartford Payroll Services
One of the essential components of any successful business is a functional payroll system. Whether you need assistance with payroll taxes or need an efficient system that takes care of your employees, our friendly CPAs at Jeffrey W Hanretty, CPA & Associates are here to help. Our focus on prompt, efficient, and accurate service ensures that your employee and tax obligations get met.
Our firm was established in 1989 to provide the business owners of New Hartford, Utica, Whitesboro, New Hartford, and the surrounding communities with affordable, trustworthy tax and accounting support. We understand just how much time, energy, and resources you've invested into your company and want to provide you with customized payroll solutions. We hope to hear from you soon, so call Jeffrey W Hanretty, CPA & Associates in New Hartford today regarding your free initial consultation!
Business Payroll Solutions
Your business's payroll system must be equipped to reliably distribute money to your employees and keep accurate records of payments made. Efficient payroll includes the financial records of employees, tax withholdings, annual employee wages, and your company's paycheck distribution.
Our team uses modern accounting software to manage your payroll. We strive to promptly deliver paychecks to your employees and check that their salaries are correct, so your employees are fairly compensated for the energy they invest in your business. When you take advantage of our team's careful oversight and precise work, you can trust that your employees and their paychecks are in good hands.
Efficiently Processing Payroll for Your Company
All of our New Hartford payroll services are performed in-house, with our skilled CPAs overseeing the entire process. Depending on your preferences, we can prepare weekly paychecks for your employees or set up and manage direct deposits. Our team is flexible and ready to implement a system that makes your life easier. Should you run into any issues throughout the payroll process, we're accessible and prepared to provide prompt aid.
Additional Payroll Services
In addition to processing and offering prompt troubleshooting should problems come up, we provide a range of essential services. Our New Hartford payroll experts:
Payroll can be a challenging subject to tackle, so we've come up with this list of frequently asked questions for your convenience. If you have a payroll-related query that isn't covered here, we'd love to answer it! Simply give Jeffrey W Hanretty, CPA & Associates a call today.
Should my company use direct deposit accounts or written checks?
Depending on your preferences and those of your employees, either option may be beneficial for your company. Direct deposit accounts allow employees to receive their checks with clockwork precision on payday, and there's no risk of valuable checks being stolen, lost, or delivered late in the mail. However, some employees may prefer not to share their bank information with their employers.
In that case, a paper check allows you to pay your employees on time while making it easy to catch any errors. Since you or another executive is signing the individual check, any errors should be quickly detected and corrected. Both methods allow you to compensate your employees fairly, and our team can help you weigh the benefits of each if you have further questions.
How long does my company need to maintain payroll records?
The Department of Labor suggests keeping company payroll records accessible for three calendar years or longer. If you run into unexpected tax issues or have a question, you'll be thankful to have your payroll information accessible. According to an IRS recommendation, you should also maintain employment tax records for no less than four years after you've filed.
My business is running low on cash. What happens if we can't file payroll taxes?
Businesses that fail to file payroll taxes can face harsh IRS penalties. In some cases, the business owner can be held personally liable for unpaid payroll and income taxes. Filing the correct amount of payroll taxes on time is essential to the continued success of your business.
Trustworthy New Hartford Payroll Assistance
When it comes to handling your payroll system, from processing paychecks to filing reports, you can count on Jeffrey W Hanretty, CPA & Associates to provide comprehensive support. Our friendly CPAs take the time to understand your company's needs and tailor our approach accordingly. Contact us today so we can begin taking care of your team's payroll!