Why are financial statements important for my small business?

Financial statements give you a clear snapshot of your business’s financial health, helping you track revenue, expenses, and profitability.

What’s included in a financial statement package for small businesses?

A standard financial statement package includes an income statement (profit & loss), balance sheet, and cash flow statement.

How can accounting services help me reduce my business taxes in Berkeley, CA?

A professional accountant helps you take advantage of tax deductions, credits, and legal strategies to lower your tax burden.

What tax deadlines should small business owners in Berkeley, California be aware of?

Tax deadlines vary based on your business structure, but key dates include quarterly estimated tax payments, payroll tax filings, and the annual tax return deadline (March 15 for S-Corps and partnerships, April 15 for sole proprietors and C-Corps).

What is general ledger maintenance, and why does it matter?

Your general ledger is the core record of all financial transactions in your business.

How often should I reconcile my business accounts?

Small businesses should reconcile bank accounts, credit cards, and loan accounts at least monthly to catch errors, prevent fraud, and ensure financial accuracy.

How can an accountant help improve my cash flow?

Cash flow problems are one of the biggest challenges for small businesses.

What’s the best way to create a business budget?

A solid budget is key to financial stability.

Why should I outsource payroll processing to an accountant in Berkeley, CA?

Payroll mistakes can lead to IRS penalties and unhappy employees.

What payroll tax obligations do small business owners in Berkeley, CA need to meet?

Employers must withhold federal and state income taxes, Social Security, and Medicare from employee paychecks, along with paying employer payroll taxes.

Payroll Services in Walnut Creek, CA

Handling payroll, taxes, and compliance should not slow you down.

Simplify Payroll Processing With Trusted and Timely Support

At ClearPath CFO Advisory, payroll is more than a routine task. It keeps your business compliant, your team satisfied, and operations running smoothly. With 22 years of QuickBooks expertise and firsthand business experience, we handle every step with precision, from wage calculations and tax withholdings to direct deposits and benefit deductions. Our approach minimizes errors, reduces compliance risks, and saves time. We stay ahead of changing payroll regulations so you meet every requirement without stress, delivering accurate, transparent, and reliable payroll management that builds trust and supports long-term goals.

Book your free consultation

Why Choose Us

Why Choose Us for Your Payroll Needs?

We offer hassle-free, efficient services that save you time and ensure compliance with all payroll-related regulations.

Accuracy &
Compliance

We guarantee error-free payroll processing and compliance with tax laws.

Time-Saving
Solutions

Automate payroll so you can focus on business growth.

Secure &
Confidential

We use industry-leading payroll software to protect sensitive data.

Customized Payroll
Solutions

We tailor our services to meet your business needs.

Professional Payroll Packages

Packages & Pricing

Accurate payroll management goes beyond issuing paychecks. It requires navigating tax codes, tracking benefits, and staying current with labor laws. Our experienced team ensures every payroll run meets legal requirements and supports employee satisfaction. We design payroll systems that fit your business, keeping you compliant, retaining staff, and avoiding costly errors.

Payroll

Payroll

Payroll Package

$725/mo

Employee Setup
Time Tracking
Recurring Payroll
Direct Deposits
Management of Healthcare Savings, Childcare Savings, Retirement Contribution Calculations & Payments
State & Federal Payroll Tax Reporting
Quarterly Tax Reporting
Annual Tax Reporting
Filing Workers Comp Reports
W2s & 1099s
Comprehensive Reporting
Customized Payroll Processing

Payroll Processing
1 to 10 employees $200/mo
11 to 20 employees $300/mo
21 to 25 employees $400/mo
26 to 40 employees $550/mo
Other Payroll
Payroll Setup starts at $250
Garnishment $5 per garnishment/deduction/vendor we report and/or pay
Expedited Payroll $150
QuickBooks Payroll $85/ plus $6.00 per employee
Filings
Quarterly Filing $300 per QTR
Preparation of 1099s $15 per form
Preparation of W2s $10 per form
Sales & Use Tax Preparation Call for price

See Pricing

Our Services

Payroll Processing & Direct Deposits

Ensure your employees are paid accurately and on time with our fully managed payroll solutions. We handle everything from wage calculations to direct deposits, saving you time and reducing errors.

Key Benefits:

Automated payroll processing for accuracy.
Direct deposits for seamless payments.
Compliance with state and federal wage laws.

Our Services

Payroll Tax Filing & Compliance

Avoid costly penalties and ensure compliance with payroll tax regulations. We calculate and file federal, state, and local payroll taxes on your behalf.

Our Services Include:

Accurate payroll tax calculations.
Quarterly and annual payroll tax filings.
W-2 and 1099 preparation for employees and contractors.

Our Services

Employee Benefits & Deductions Management

We streamline employee benefit deductions, including health insurance, retirement plans, and garnishments, ensuring accuracy in payroll calculations.

We Help You:

Set up and manage employee benefits.
Accurately deduct for insurance, 401(k), and other benefits.
Stay compliant with legal requirements.

Our Services

New Hire & Contractor Payroll Setup

Hiring new employees or independent contractors? We help onboard them seamlessly into your payroll system, ensuring they’re set up correctly for tax reporting and compliance.

What We Do:

Set up new employees in your payroll system.
Classify employees and contractors correctly.
Ensure proper tax reporting for W-2 and 1099 workers.

Our Services

Payroll Reporting & Record Keeping

Get a clear view of your payroll expenses with detailed reports. We provide custom payroll reports that help you track labor costs, tax liabilities, and employee earnings.Our Reports Include:
- Payroll summaries and breakdowns.
- Tax liability reports.
- Employee earning statements.

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FAQ

Frequently Asked Questions

Payroll

Payroll

How can outsourcing payroll processing benefit my small business?

Outsourcing payroll helps free up your time, reduce costly mistakes, and ensure employees are paid correctly and on time. It also keeps your tax filings accurate and avoids compliance stress.

What payroll taxes am I responsible for as an employer?

Employers must withhold and submit federal and state income tax, Social Security, Medicare, and unemployment taxes. A payroll provider keeps track of these, including local obligations based on location.

What are the risks of non-compliance with payroll tax laws?

Missed deadlines or incorrect filings can lead to IRS penalties, audits, and loss of trust. Professional services help you stay compliant and protect your business from costly tax issues.

How are benefits, deductions, and taxable perks handled?

Payroll systems manage benefits such as insurance, retirement, and wage garnishments, ensuring accuracy. They also flag which benefits are taxable and ensure compliance with IRS and state rules.

How do I correctly set up payroll and classify workers?

You’ll need key forms like W-4 and I-9 for employees and 1099s for contractors. Misclassifying workers can result in fines, so using a professional helps prevent errors from day one.

What payroll records must I keep, and for how long?

You’re required to keep records like tax forms, pay stubs, and timesheets for 3–7 years. Proper documentation helps you handle audits, employee disputes, and stay aligned with labor laws.

How does payroll reporting help manage business finances?

Detailed payroll reports show where your money is going, from wages to taxes. They help you track trends, plan budgets, and manage your cash flow and compliance needs.

Want help staying compliant without the payroll hassle?

Let our experts take care of tax filings, records, and reporting. Reach out today to simplify your process and gain confidence in your payroll operations.

Simplify Your Payroll and Cut Setup Expenses

Streamline payroll with experienced support while lowering setup costs. We handle the details so you can focus on running your business smoothly. Contact us today to get started.

Expert Guidance for Long Term Business Success

Payroll Services in Walnut Creek, CA

Simplify Payroll Processing With Trusted and Timely Support