online payroll service

(Redirected from Service bureau)

A payroll service bureau is an accounting business whose main focus is the preparation of payroll for other businesses. Such firms are often run by Certified Public Accountants, though a typical payroll processing company will refer to itself as a service bureau rather than a CPA firm, to distinguish its payroll services from the general tax and accounting services that are generally not offered by a payroll service bureau. The typical client of a service bureau is a small business - one just large enough for payroll to be complicated to the point of a hassle, but one still small enough to not merit its own full-time payroll department.

The tasks that can generally be expected of just about all payroll service bureaus are as follows:

Printing of employee pay checks on time for paydayDirect deposit of pay into employee bank accounts, when desiredAppropriate calculation and withholding of federal, state, and local taxesCalculation of payroll taxes to be paid by employer (such as Social Security and Medicare in the US)Filing of quarterly and annual payroll reportsDepositing of withheld amounts with tax authoritiesPrinting and filing of year-end employee tax documents such as Form W-2.

Additional services may be offered and vary from firm to firm. The Paychex Online Payroll service was designed with simplicity in mind.

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