Benefits of Utilizing an HRO for Payroll Tax Services - PowerPoint PPT Presentation

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Benefits of Utilizing an HRO for Payroll Tax Services

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By having a team of payroll experts, process your payroll, you and your team can save time each week. By taking even further steps and assisting business owners with deductions and taxes, you can save even more time when it comes to filing. – PowerPoint PPT presentation

Number of Views:10
Updated: 24 June 2021
Slides: 11
Provided by: synchronyhr
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Title: Benefits of Utilizing an HRO for Payroll Tax Services


1
Benefits of Utilizing an HRO for Payroll Tax
Services
2
Why should you go for HRO for Payroll Tax
Services?
  • 33 of small to mid-sized business owners say
    that they are uncomfortable completing payroll
    and navigating taxes on their own.
  • Thankfully, HRO services can help you with this
    issue.

3
Save Time
  • By having a team of payroll experts process your
    payroll, you and your team can save time each
    week.
  •  
  • By taking even further steps and assisting
    business owners with deductions and taxes, you
    can save even more time when it comes to filing.

4
Managing Deductions
  • The payroll experts within an HRO will help you
    tackle both
  • Statutory payroll tax deductions
  • Voluntary payroll deductions

5
Statutory payroll tax deductions
Social security tax State income tax Medicare
tax Federal income tax
6
Voluntary payroll deductions
Health insurance premiums Retirement plan
contributions
7
Report and Deposit promptly
  • Form 940, Employer's Annual Federal Unemployment
    (FUTA) Tax Return
  • Form 941, Employer's Quarterly Federal Tax Return
  • There are also informational tax forms that
    businesses need to
  • provide their employees for their tax returns,
    including
  • W-2, Wage and Tax Statement
  • W-3, Transmittal of Wage and Tax Statements

8
Looking for Help?
  • While completing payroll taxes can be a
  • time-consuming and complicated
  • process, it doesn't have to be.
  • Utilizing an HRO service can help you
  • avoid extra stress, costs, and time.

9
  • Contact us!
  • Website https//www.synchronyhr.com/
  • Email info_at_synchronyhr.com
  • Phone (314) 222-5770?

10
  • Thank You!
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