As a business owner, your plate is constantly full. Since revenue generation needs to be your primary focus, you must delegate other responsibilities in order to fit in everything. By outsourcing payroll to a trusted third party, you free up time for higher-level tasks. Red River Payroll can take these nine tasks off your plate.
Ever-Changing Tax Laws
Tax laws and requirements are constantly changing. Because our payroll and tax specialists keep track of new and evolving laws to make sure you’re always in compliance, they can answer questions related to the new W-4 and other payroll concerns.
State and Federal Tax Deposits and Filings
As an employer, you’re required to make federal payroll tax payments, file the proper reporting and informational returns, and provide employees and contractors with W-2 and 1099 reports. Our team can do all that for you.
You’re required to send each employee and the IRS a Wage and Tax Statement (W-2) at the end of the year, use W-2s to report FICA taxes for your employees throughout the year, and file forms W-2 and W-3 with the Social Security Administration by the end of January. Our team can handle the entire process.
Paid Time Off Tracking
Red Rive Payroll can automatically track employee vacation and sick accruals according to your company’s PTO policy. Through your portal, employees can view their accrued hours, available balances, and submit time-off requests.
Affordable Care Act (ACA) compliance is a meticulous, time-consuming process. Assessing your compliance on a monthly basis to optimize your process is imperative to avoiding penalty notices. Our experienced professionals can take ACA compliance off your hands.
Red River Payroll offers integrated timekeeping.With our additional Time & Labor Management service, your employees’ timecards can be recorded through physical timeclocks, online, or through a mobile app.
New Hire Reporting
You’re required to provide basic information to a designated State Directory of New Hires. New hires are matched against child support records at the state and national levels to locate parents who owe child support. When there’s a match, the system provides the information to the appropriate state agency.We can take care of the legal requirements for reporting each of your new hires to the appropriate state agency.
Garnishment Processing Service
Wage garnishment is a legal procedure where a judge orders an employer to withhold a portion of an individual’s earnings and use the funds to pay a creditor. Common garnishments are for child support, unpaid taxes, and student loans. We can do this for you.
Red River Payroll provides customized reporting.With each processed payroll, you receive a complete set of reports, which are also available online or via secure email.