Premium Payrolls was founded with the convergence of many years of payroll experience, ambition, and a strong desire to merge effective and efficient professionalism with a necessary personal touch.
• Passion
• Perfection
• Professionalism
The staff at Premium Payrolls continues to stay abreast on the ever-changing payroll industry. Our highly trained and educated staff will ensure accuracy of all payroll and accounting functions.
Statistics show that on average, 40% of small businesses incur more than $800 per year in IRS penalties. The most common payroll error is tax management. IRS penalties are assessed for late filing and/or late payment of payroll taxes on a regular basis.
Outsourcing payroll is typically more efficient for a business than processing payroll internally. Payroll errors are common and costly. A mere mistake could cost you a substantial amount of dollars in IRS tax penalties. In addition to these penalties, this mistake would include countless man hours to resolve. Premium Payrolls is equipped to be the liaison in the crossfire of the IRS. We handle all aspects of payroll and payroll tax management.
Workers’ Compensation premiums, insurance and retirement plans can be calculated and deducted at specified times. Premium Payrolls also offers a “Pay-as-you-go” Workers’ Compensation program. With this option, the Workers’ Compensation premium is calculated based on your actual payroll and paid every pay period. This eliminates large up front quarterly or annual payments and time consuming audit forms.
Premium Payrolls has constructed a unique pricing model that includes payroll processing, checks, direct deposit, and payroll tax filings and payments at no additional cost. We offer extremely reliable, effective, and efficient services for a fraction of the cost of competing payroll services.
Bookkeeping
Businesses rely on the accuracy of their financial information, in order to maintain profitable and capitalize on new opportunities. Premium Payrolls’ bookkeeping services help to attain these goals by providing accurate record-keeping and reporting.
These services include but are not limited to:
- Accounts Payable
- Accounts Receivable
- Bank/Credit Card Reconciliations
- General Ledger
- Balance Sheets
- Profit/Loss Statements
- Year End W-2 and 1099 processing
Tax Preparation
Premium Payrolls is authorized by the IRS to electronically file individual and business tax returns. At no additional cost, this allows you to receive your tax refund faster. We offer professional preparation of all federal, state, and local tax returns. All costs are based on the complexity of the return, without regard to the amount of the tax refund. Working diligently to take all of the allowed credits and deductions, ensures that you receive the maximum refund possible. Our main goal is to educate on proper tax planning, in order to minimize tax liability in the future. We are available year round to answer questions, and address concerns or issues.
