Practical Accounting solutions

Payroll Services

Services provided include, but are not limited to the following. If there are items not listed that you are interested in, please ask.

Weekly, Bi-Weekly or Monthly Payroll processing
Creation of Paystubs
Creation of Paychecks for employees and independent contractors
Schedule Direct Deposit for employees and independent contractors
Withhold amounts for benefits and other items from employee pay (i.e. health insurance, retirement, garnishments, etc.)
Creation of Payroll summary report which includes tax and withholding amounts
Schedule Bi-weekly, Monthly or Quarterly payroll tax payments to the IRS
Schedule Bi-weekly, Monthly or Quarterly employee withholding tax payments to the VA Department of Taxation
Schedule Quarterly unemployment tax payments to the Virginia Employment Commission
Schedule Annual Federal Unemployment tax payments to the IRS
Creation/Filing of Quarterly Form 941 for IRS
Creation/Filing of Bi-Weekly, Monthly or Quarterly Form VA-5 for VA Department of Taxation
Creation/Filing of Quarterly Form FC 20/21 for the Virginia Employment Commission
Creation/Filing of Annual Form 940 for IRS
Creation/Filing of Annual Form VA-6 for VA Department of Taxation
Creation of W2 and 1099-MISC forms for employees and Independent Contractors
Creation/Filing of W3 and 1096 forms with the Social Security Administration and Virginia Department of Taxation