General Ledger | maintenance of your General Ledger based on your particular business
Bank Statements | monthly reconciliation of your checkbook and bank statements to your General Ledger
Payroll Processing | preparation and transmission (various methods) of your payroll checks from your time records. This might include:
Cash Management | issuing checks, make and record deposits, maintain periodic cash balances
W2s | annual compilation and printing of W2s for each employee. This might also include:
Payroll Tax Reporting | quarterly Form 941 (FICA & withholding), annual Form 940 (federal unemployment), quarterly South Dakota Unemployment Form
Form 1099 Reporting | payments of rent, interest, and amounts paid to non-employees for outside services.
Sales Tax & Excise Taxes | preparation of state Sales and Use Tax Returns and Excise Tax Returns.
Accounts Payable | check printing from client-provided invoices.
Affordable Care Act Year-End Reporting
Quarterly & Year End Payroll Services | allow the CPAs and accounting professionals at KTLLP to assist with the following: W-3s, W-2s, 941s, 940s, State Unemployment (all states), 8027 (allocated tips), information necessary to complete 8846s (credit for employee tips).
Payroll Processing | KTLLP can assist you in the preparation of payroll information, including paper checks, direct deposit payrolls, and pay cards. We can also assist in calculating and paying 941 deposits, tracking and calculating allocated tips, and ensuring correct overtime rates for tipped employees or employees with commissions and/or bonuses. Our payroll processing services also cover Cafeteria Plans, Simple/401(k) Deductions, Child Support Payments/Garnishments, New HIRE Act Reporting, and Workers Compensation Audit Assistance.
After-the-Fact Payroll Processing | this accounting service includes calculation and payment of payroll taxes and the management of payroll forms.
Pay Cards | this convenient, automatic, and flexible system issues paychecks in real time using prepaid debit cards. It’s the most convenient way to pay people today, making direct deposit easy, eliminating paper checks, and allowing employees to use their debit cards at ATMs and merchants.
Tired of being behind on your bookkeeping? Trust the experts. Keeping accurate and timely financial records is key to your business’ success. From start-ups to established corporations, Ketel Thorstenson can help with your comprehensive accounting needs…from bookkeeping to payroll, QuickBooks consulting to tax reporting and compliance.