Payroll Processing

Payroll is the task of paying your workers or employees. It also includes the creation of various reports to provide information to both management and employees. Reports may vary in detail, depending on the user’s requirements.

Processing payroll may seem simple, requiring only a pen, ledger, calculator, tax table, and a “BIG ERASER.” However, calculating net pay involves multiplying working hours by the pay rate and subtracting taxes and other deductions. Making a small mistake can result in significant penalties and interest.

What is “Payroll”?

The sum of all financial records of salaries (a form of payment on a periodic basis instead of an hourly rate), earnings, and wages for an employee (a form of payment based on an hourly rate), bonuses, and deductions (payment’s taxable amount). In accounting, payroll refers to the amount paid to employees for services they provide during a certain time period. The primary mission of the payroll department is to ensure all employees are paid accurately and timely with the correct withholdings and deductions, and to ensure the withholdings and deductions are remitted to government agencies promptly.

Payroll expenses play a significant role in a company’s success for three reasons:

1. Costs of goods sold may be affected.

2. Net profits may reflect an increase or a decrease.

3. Payroll expenses are subject to the laws and regulations of federal, state and sometimes cities.

Payroll laws change constantly, and for you as a business owner it would be most beneficial to outsource this important task to a professional. Payroll processing companies like www.Green60.com. Their job is to process the payroll all day for their clients.

The Combined Experience of Over 32 Years with Important Laws and Regulations Goes to Work for You!

1.We have more than thirty-two years of experience in this field.

2. We have processed different types of earnings, whether taxable or nontaxable.

3. We have processed different types of deductions, such as wage garnishment, 401(k), employee advances, vacation, and sick time accruals.

COVID-19 helped us get to the point of trusting experienced, professional companies who have been in business for a long time. Let us take care of this important job for you. Our charges are very nominal and cost-effective. We will take care of the following:

Paying your payroll taxes on time guaranteed
Filing your new-hire employee requirements
Filing your quarterly and annual reports.
Printing W2s for your employees or 1099s for your outside professionals.
Responding to Government notices
Helping with Workers’ Compensation Audit

As A Business Owner:

Focus on what you love, and cherish the moments with your loved ones without letting payroll processing consume the time that matters most to you. Let www.Green60.com take care of this important task because we are skilled, reliable, and cost-effective. Additionally, we offer free archiving, user-friendly interface, accessibility, and numerous other useful features to make your life easier!

1500 QUAIL STREET . STE. 270
NEWPORT BEACH . CA 92660
1-844-473-3660

9330 CLIFTON WAY . STE. 102
BEVERLY HILLS . CA 90210
1-844-GREEN60

LAST UPDATED MAY 15, 2024 9:14 AM-c

Payroll Processing

What is “Payroll”?

Payroll expenses play a significant role in a company’s success for three reasons:

The Combined Experience of Over 32 Years with Important Laws and Regulations Goes to Work for You!

As A Business Owner:

Ask About Our New Client Plan. Call Now! 1-844-473-3660

Ask About Our New Client Plan!