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Payroll Services
Free up your time to run your business by letting LCV handle your payroll hassles.
Payroll processing involves much more than processing checks. The year- round preparation of federal, state and local tax returns, deposits and the associated record keeping, not to mention the constantly changing payroll tax laws are all reasons to seek help from a qualified and knowledgeable professional. There is no better way to guarantee the confidentiality and security of your payroll. LCV provides simple solutions to the complex payroll and payroll tax issues that you face.
LCV should prepare your payroll because it's the most efficient and convenient way for you to handle the many payroll processing requirements.
For each pay period, we will receive from you a summary of payroll hours and changes. From that information we will prepare the following:
- Payroll checks
- Employee earnings statements
- Payroll journal
- Department summary
- Payroll deduction registers (as required). Each deposit period we will calculate all tax liabilities on your behalf, including the following: FICA, Medicare, Federal and State Withholding Federal and State Unemployment Insurance LCV assumes full responsibility for the timeliness and accuracy in preparing your returns. Each quarter we will prepare:
- 941 Quarterly Return
- State Unemployment Insurance Return
- State Quarterly Wage Return
- Deposit for Federal Unemployment Insurance
- Local tax Returns where applicable Each year we will prepare:
- Employer, Employee, Federal, and State W-2s
- W-3 Recap of Federal Withholding
- 940 Federal Unemployment Insurance Return Other Payroll Services
- Direct Deposit–convenience and security of direct deposit into savings and checking accounts
- Section 125 Plan—savings for both employers and employees by deducting insurance premiums before taxes
Other Bookkeeping Services
- Monthly Financial Statements
- Bank Reconciliations
- Depreciation Schedules
- Accounting Systems
- 401K Administration
- Temporary Help
- Special Projects
With LCV handling your payroll, you can be confident that…
- You are keeping up with government tax law changes and their effects on employees
- Your payroll checks and tax deposit coupons and payments are accurately prepared
- Your required quarterly forms and year-end W-2s are prepared in a timely manner
- Your payroll information is kept confidential at an off-site location
You are keeping track of miscellaneous deductions, such as 401(k), cafeteria plan or Section 125, wage garnishments, and child support. LCV can solve your payroll problems at reasonable rates. Call us today.
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