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Accounting

Payroll

Reliable payroll. Timely filings. Fewer administrative headaches. Payroll involves more than issuing paychecks. Akato & Associates helps businesses manage payroll processing, payroll tax obligations, reporting, and accounting so employees are paid accurately and required filings stay on schedule.

A desk with a laptop, financial reports and accounting books, the firm's name and monogram on the wall behind it

Payroll Support for Growing Businesses

As a business adds employees, payroll creates additional federal and state filing requirements.

We help clients establish an organized payroll process and coordinate payroll activity with the company's accounting and tax records.

Payroll Services

  • Payroll Processing — Processing employee payroll based on established pay schedules, compensation, withholding elections, and authorized deductions.
  • Payroll Tax Deposits & Filings — Assistance with federal and applicable state payroll tax deposits and required filings.
  • Quarterly Payroll Reporting — Preparation and filing of applicable quarterly payroll returns, including Form 941 and state payroll filings.
  • Year-End Payroll Reporting — Preparation and filing of Forms W-2 and W-3 and other applicable year-end payroll reports.
  • New Hire & Payroll Setup — Assistance establishing employees within the payroll system and coordinating applicable payroll registrations and reporting.
  • Payroll Reconciliation — Reconciling payroll reports, payroll liabilities, tax payments, and accounting records.

Payroll and Your Accounting

Payroll should not operate separately from your accounting system. Payroll activity affects wages, payroll taxes, benefits, liabilities, cash flow, and ultimately your business tax return.

Coordinating payroll with accounting helps ensure those amounts are properly reflected in your financial records.

Frequently Asked Questions

How often can payroll be processed?
Payroll schedules can vary depending on the business and engagement, including weekly, biweekly, semimonthly, or monthly schedules where appropriate.
Do you handle payroll tax filings?
Depending on the engagement, we can assist with federal and state payroll tax filings and deposits.
Can you help correct prior payroll problems?
Yes. We can review payroll records and help determine the appropriate steps when prior filings, deposits, or payroll records require correction.
Can payroll be coordinated with my bookkeeping?
Yes. Integrating payroll with bookkeeping helps ensure wages, taxes, and liabilities are properly reflected in your accounting records.

Get started

Keep Payroll Moving With Confidence

Let us help keep your payroll records organized, filings on schedule, and accounting properly coordinated.

Schedule a Consultation