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Benefits of Utilizing an HRO for Payroll Tax Services

By having a team of payroll experts, process your payroll, you and your team can save time each week. By taking even further steps and assisting business owners with deductions and taxes, you can save even more time when it comes to filing. <br>

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Benefits of Utilizing an HRO for Payroll Tax Services

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  1. Benefits of Utilizing an HRO for Payroll Tax Services

  2. Why should you go for HRO for Payroll Tax Services? ● 33% of small to mid-sized business owners say that they are uncomfortable completing payroll and navigating taxes on their own. Thankfully, HRO services can help you with this issue. 2

  3. Save Time ● By having a team of payroll experts process your payroll, you and your team can save time each week.   ● By taking even further steps and assisting business owners with deductions and taxes, you can save even more time when it comes to filing. 3

  4. Managing Deductions The payroll experts within an HRO will help you tackle both: Statutory payroll tax deductions Voluntary payroll deductions 4

  5. Statutory payroll tax deductions Social security tax State income tax Medicare tax Federal income tax

  6. Voluntary payroll deductions Health insurance premiums Retirement plan contributions

  7. Report and Deposit promptly ● ● Form 940, Employer's Annual Federal Unemployment Tax Return Form 941, Employer's Quarterly Federal Tax Return There are also informational tax forms that businesses need to provide their employees for their tax returns, including: ● ● W-2, Wage and Tax Statement W-3, Transmittal of Wage and Tax Statements 7

  8. Looking for Help? While completing payroll taxes can be a time-consuming and complicated process, it doesn't have to be. Utilizing an HRO service can help you avoid extra stress, costs, and time. 8

  9. Contact us! https://www.synchronyhr.com/ info@synchronyhr.com (314) 222-5770 9

  10. Thank You! 10

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