Payroll-Related Tasks

Not as frequent—but just as important

Payroll comes around often—but what about the things that happen once a year, or only when a new employee comes on board? They’re all part of your compliance strategy, from 1099s and 941s to tax filings and EFTPS payments, and Sound Payroll™ can help. We’re not only experts in payroll, but we’re directly connected to The Akopyan Group, CPAs—leaders in business tax guidance for the past 25 years in the greater Seattle area.

PAYROLL-RELATED TASKS

W-2s/W-3s
W-2s must be sent to employees in late January—and you could face penalties if you aren’t on time. (W-3s are what employers file with the IRS and Social Security Administration to report an employees' combined income.)

1099s/1096s
These are often overlooked—also due to the IRS in late January, 1099s tell contractors what they were paid, while 1096s summarize the payments an employer made to independent contractors. Issues with filing (or not filing) these can lead to lawsuits.

940s/941s
More IRS forms! The 940 is used to report federal unemployment taxes; Form 941 reports Medicare and Social Security taxes, along with federal income tax withholding.

Workers compensation audits
Most businesses will have to go through a workers compensation audit with their insurance carrier; if it’s required for you, we will make sure you have everything including daily operations, payroll records, cash disbursement records, and insurance records.

Social Security audits
We’re ready to help you through a Social Security audit, which means the IRS is examining the accuracy of your statements, the proper collection and handling of contributions, and effectiveness of controls regarding Social Security funds. Our team can provide support such as gathering and organizing proper documentation, streamlining the process, and offering the guidance of experienced tax professionals.

EFTPS
This is the electronic federal tax payment system — it’s where income, employment, excise, and other federal tax payments are made. We can make these tax payments for you, schedule them in advance, and notify you when payments are made.