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Payroll Services
PAYROLL FEATURES - An Overview
The EJB Hancocks Business Services does all of the
following tasks:
Calculates gross wages for each pay period
Calculates federal, state, and local taxes
Writes your company's payroll checks with earnings,
deductions, and year-to-date detail provided on the voucher
(if you use voucher checks), or (if you use our direct
deposit) on a separate paystub and can be securely emailed
for your employees. Employees receive deposit notifications
via email or fax.
Pays employees on a daily, weekly, biweekly, semimonthly,
monthly, quarterly, or yearly basis
Handles all kinds of compensation: salary, hourly
(including overtime), commission, or a combination
Tracks sick and vacation time
Allows you to specify hours worked for 'each job (and
class) to allocate payroll expenses by job (and class)
Allows you to specify extra taxes or deductions
(garnishments, child support,
or other court requirements) in addition to the standard
ones, and apply them to individual employees.
Can tract company loan repayments, 401(k) deductions,
tips, union dues, bonuses, car expenses, and many other
nonstandard payroll items
Observes deduction ceilings for taxes and other
deductions.
Tracks and electronically pay your company's liabilities
to the government, insurance companies, and so on.
Electronically file appropriate forms and pay off your
company's payroll liabilities.
Records employee details such as pay and commission rates,
social security number, tax exemptions
Print, distribute, and file Forms W-2 and W-3 with the
appropriate government taxing agencies.
Calculates and file electronically your 940 and 941 forms
Calculates and tracks hours worked, keeps year-to-date
totals for all employees, and shows this information on
payroll reports.
Also process Form 1099-MISC, although this is not a
payroll form. Rather, it is
for vendors and contractors who receive non-employee
compensation. This service is included only for those
vendors and contractors for which we have been tracking
payment along with payroll services throughout the year.
Services are subscribed to (contract required) and charged
on a per-payroll-group of employee basis, and payable each
month. Other up front charges involved are any cost for
unique supplies requested by you, the employer.
The telephone fax machine is utilized for the transmitting
of the entry of payroll. Mailing, facsimile, and email
delivery service is included
for payroll reports, paychecks, and billing.
Record backups are multiple, in an Online File System, as
well as on an external
hard drive and kept in a fireproof locked safe. The
proprietor is provided with
regular paper reports upon requests. All records are held in
the strictest of confidentiality!
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