W2s | annual compilation and printing of W2s for each employee. This might also include:
- Year-end reporting of employee life insurance, auto usage, and stockholder health insurance
- Compilation and issue to the IRS Magnetic Media
- W2s for businesses
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).