Payroll Processing and Payroll Taxes Processing payrolls and handling payroll taxes are confusing unless you work with them everyday. Massive amounts of data are recorded and have to balance to the penny. It can be a real problem to keep track of this sensitive information. There are also tax savings opportunities such as 401k plans, cafeteria plans, simple plans, Keogh plans, co-pay health insurance, etc. Many of these choices have costs related to them and some offer no cost savings for the employer. There are two parts to the payroll processing. One is "knowledge" related and the other is "automation" related. UGJ offers: Knowledge How to deal with change and how to prevent problems from arising. Employee benefit plans, Federal, State and City tax laws are changing at an ever-increasing rate. Automated in-House Payroll Processing Review Review of outside payroll services gives you the confidence that the tax filings have been made correctly. Preparation The preparation of Workers' Compensation that payroll services don't prepare. UGJ Specialties Include: Preparation of all quarterly payroll reports and keeping YTD details for year-end purposes. Preparation of weekly, bi-weekly and monthly payrolls as desired. Advice concerning amounts to withhold and deposit due dates. Advice concerning cost saving ways to offer benefits to employees. Penalty Reduction Even the best companies from time to time over or under fund payroll deposits. When this happens there are either enormous penalties to be paid or mind numbing red tape required. We handle these kinds of problems and have proven effective in reducing or eliminating most penalties.