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

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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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