Tax Compliance Reporting
The payroll process has lots of moving parts. You have to pay each one of your employees the right amount, at the right time and account for it all in your financial records.
Savoy Bookkeeping and Tax Services (Savoy) will make sure your payroll software is setup correctly with your accounting software and then reconcile each pay run with your bank account throughout the year.
People & technology
Our team of expert bookkeepers uses modern, online payroll and accounting software to manage your business’s finances. Your employees submit their timesheets online or through your POS, automatically updating your payroll software. After payday, all the relevant details are automatically imported into your online accounting software. All along, the Savoy team is ensuring everything is properly accounted for.
Accurate financial records at all time
Reconciling on a regular basis ensures all your records are accurate and up-to-date. When it comes to payroll, both your payroll journal and general ledger need to be reconciled against your bank statement. The Savoy team will reconcile all your business’s transactions on a regular basis. You’ll always know how much money you have on hand, so you can make informed decisions.
Online document management
It’s important to have access to all your historical business documents, in the rare event an audit occurs. Savoy will keep all your documents well-organized online. No more storing boxes of paper or digging through filing cabinets.
Regular reports highlighting your business performance
Reviewing your accounting reports can help you identify your business’s strengths and weaknesses so you can make the best decisions possible. Every month, Savoy will send you an income statement, balance sheet and statement of cashflows. You’ll always know exactly how your business is performing.
Payroll Processing & Direct Deposit Service
Our online payroll solution gives you control of the process. You can run as many payrolls as you need each month for one fixed monthly fee.
We get you started by setting up the payroll for your business. We work together to determine the best payroll cycle for your business. We set up your banking and tax information, your payroll cycles, and your employees. After set up, we are here to help you with bonuses, manual checks, new employees, or whatever issues you have with your payroll. We are a phone call away to help you manage your payroll needs.
Our Online payroll:
Saves Time: We set it up. Each payroll period, you enter and approve hours. Our system supports hourly and salaried payroll and all the deductions and special payments you care to make. Employees are paid through direct deposit and access their paystubs through their own online account.
Direct Deposit: Our system allows you to pay your employees using direct deposit. You don't have to print anything. The money goes right to their account and they have access to their own online account to review their paystub. The system even emails them a notice that their paystub is ready to be reviewed.
Makes Tax Deposits: We set up your payroll so that you record and approve payments online and the service and system takes care of the rest.
Files the right forms at the right time with the right taxing authority: You enter the payroll and the system takes care of tax filings. You don't have to prepare 941s, 940s, or State Unemployment. We'll also prepare your W-2s.