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Payroll

Small business owners spend on average eight hours a month on payroll tasks. We take that work off your desk.

Payroll services

On average, small business owners spend eight hours per month on payroll-related tasks. It may not seem like a lot of time, but it adds up — and it takes time away from running your business. If you own a small or medium-sized business with more than a few employees, you already know payroll is complicated: every year new federal, state or local payroll legislation is passed that you need to comply with. If you are just starting out you might be able to handle payroll on your own, but wouldn't your time be better spent developing new products or services?

Who is this service for?: Small and medium-sized businesses with employees · Companies that work with subcontractors · Owners who currently run payroll themselves · Businesses filing Texas Workforce Commission reports

What this service includes

  • Employee weekly, bi-weekly and monthly payments
  • Subcontractor payments
  • EFTPS payments (Electronic Federal Tax Payment System)
  • Preparation of quarterly and annual reports
  • 940 – Federal Unemployment
  • 941 – Federal Withholding, Social Security and Medicare
  • Texas Unemployment – Texas Workforce Commission
  • 1099 reports filed to the IRS
  • 1096 report filed to the IRS
  • W-2 report filed to the IRS
  • W-3 report filed to the IRS

Benefits

  • Hours back every month to run your business
  • Payroll reports prepared and filed on time
  • Payments to employees and subcontractors handled consistently
  • Support to stay compliant as legislation changes

Frequently Asked Questions

Frequently Asked Questions
Next step

Ready to Organize Your Finances?

Schedule a free consultation and discover how K1 Bookkeeping can help you stay organized, prepared and focused on growing your business.

  • Free consultation
  • English and Spanish support