How does direct deposit improve payroll efficiency?

Direct deposit streamlines payroll by automatically transferring employee wages to their bank accounts, eliminating paper checks and reducing processing costs.

What payroll taxes am I responsible for as a small business owner?

Employers must withhold and remit federal and state income taxes, Social Security, Medicare, and unemployment taxes.

What are the consequences of payroll tax non-compliance?

Failing to file payroll taxes on time can result in hefty IRS penalties, interest charges, and potential legal consequences.

How are employee benefits and deductions managed in payroll?

Employee benefits, such as health insurance, retirement contributions, and wage garnishments, are deducted from paychecks based on pre-set agreements.

Are employer-provided benefits taxable?

Some benefits, like health insurance and retirement contributions, may be tax-exempt, while others, such as bonuses and certain fringe benefits, may be taxable.

How do I set up payroll for a new employee?

Setting up payroll for a new employee involves collecting their W-4 form, verifying work eligibility (I-9), determining tax withholdings, and setting up direct deposit.

Do independent contractors need to be on my payroll?

No, independent contractors are not considered employees and should be paid separately, typically via invoices.

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

Employers must keep payroll records such as timesheets, tax forms (W-2s, W-4s, 1099s), and pay stubs for at least three to seven years, depending on federal and state requirements.

How can payroll reporting help me manage my business finances?

Payroll reports provide insights into labor costs, tax liabilities, and employee compensation trends.

Payroll

Tired of Managing Paychecks, Taxes, and Compliance Alone?

Simplify Every Payday With Trusted and Timely Support

Managing payroll isn’t just about cutting checks. It’s a critical function tied to tax compliance, employee satisfaction, and business credibility. ClearPath CFO Advisory provides expert payroll support that minimizes risk, ensures accuracy, and frees up time for owners to focus on growth.

Our team ensures every detail, from payroll calculations and tax withholdings to direct deposits and benefit deductions, is handled accurately and carefully. We stay current on evolving federal and state payroll laws so your business remains compliant and your team is paid correctly and on time. With ClearPath CFO Advisory, you don’t just run payroll. You strengthen operations and build trust with your employees.

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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 is more than just issuing paychecks. It involves navigating complex tax codes, tracking benefit contributions, and adapting to evolving labor laws. Our experienced team handles these tasks with precision, ensuring each payroll run meets legal requirements and supports your employee satisfaction. We do more than process payments. We build payroll systems that align with your business structure and growth plans, helping you stay compliant, retain staff, and reduce costly errors.

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 Payroll 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 Payroll 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 Payroll 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 Payroll 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 Payroll 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.

Simplify Your Payroll and Save on Setup Costs

Streamline payroll with expert support while reducing setup costs. Let us handle the details so you can focus on running your business. Contact us to get started.

FAQS

Frequently Asked Questions

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.

Expert Guidance for Long Term Business Success

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