Payroll Services

Best Payroll Services in NYC: Streamlining Employee Management

Every company comprises any number of employees, which can be as little as one and can go up to thousands or maybe more. Managing these employees, their timings, productivity, and payroll can be an uphill task. It simply means the higher the number of employees, the harder it gets to manage the salaries of those people.

It is where Shark Accounting comes in with the best payroll service for small businesses. We provide a vast range of automated payroll processing services to help you manage employees’ payrolls, taxes against every individual’s salary, employee payments, bonuses, commissions, and deductions. We offer state-of-the-art accounting services to help you manage payroll efficiently. Our payroll service in NYC ensures timely retirement plan payments and regularly reports to the concerned authorities.

Payroll Services in NYC are offered by Shark Accounting

All Payments are managed

Shark Accounting offers to manage all the payments you need to make to your employees. This way, we ensure they will be paid timely and in the medium you choose. Our firm also ensures that we have deductions for retirement plans and bonuses and commissions for the employees.

Check Mailing

In it, we mail the checks to the listed addresses of the employees. This way, we ensure that employees have redeemed the checks from the company's account, and it saves the risk of carrying money around.

Direct Deposit

We help directly transfer money from the company's account to the respective employee through our best payroll services in NYC. Our accountants ensure the authorized individual deposited the correct amount.

Payroll Reporting

After giving out salaries, we at Shark Accounting understand that reports need to be made so that you, the company’s owner, have a record.

Sales tax preparation NYC

In it, we prepare a report of the sales tax generated in the three months. It is a comprehensive report made to the IRS to be used for audit and record maintenance.

Properly submitted reports

The New York State Government expects you to submit reports to them quarterly, and it helps supervise the company’s payroll more effectively.

Form Submissions

Annual reports, Form 1099, and W2 Forms are also made. Form 1099 is specific to self-employed contractors; the W2 form is for businesses to tell authorities about several employee categories.

Federal payroll

The law dictates that the employer withholds tax from the employees, and payments should be made.

State payroll NYC

Every state has its payroll and tax deductions and job category-wise salaries. So, Shark Accounting helps you abide by the laws set by the state of New York by providing automated payroll services.

Efficient Payroll Services in NYC: Streamlining Employee Management

1- Who has the best payroll service?

Shark Accounting provides the best payroll services for SMEs. Look for services that come with value-added support and features.

2- What is the average cost of payroll services in NYC?

The average monthly payroll service charge in New York City ranges from $160 to $250, which is quite lower than the national average.

3- Is it cheaper to outsource payroll services?

Outsourcing payroll services is way cheaper than an in-house payroll department. Being a business, you must weigh the requirements of your business and hire in-house staff only when needed. Otherwise, only add to your expenses.

4- Can I do my payroll?

It depends! If you are a small business with 1–10 employees, you can handle your payroll. However, it isn’t recommended for large enterprises to DIY (Do It Yourself) payroll.

5- What are the cons of payroll outsourcing services?

Payroll outsourcing services are the best ways to lower your business aches. However, there can be potential drawbacks of outsourcing, including the risk of data security, dependency on the provider, communication gaps, and hidden costs. But remember, these issues only occur when you choose the wrong payroll outsourcing service. Payroll services from a well-known provider like Shark Accounting will only benefit you.

Payroll Services

Best Payroll Services in NYC: Streamlining Employee Management