DIRECT DEPOSIT PAYROLL

As an employer, you're required by law to withhold employee wages for federal and state taxes. Tax amounts aren't fixed- in fact, they can change from month to month based on employee elections, changes in legislation, and amendments to federal and state tax codes. If you provide retirement or other savings accounts for your employees, you'll need to adjust wage amounts to reflect these contributions. Employee vacation pay, bonuses, and commissions can also take time to calculate, especially if you process payroll several times a month. Missing a filing deadline or incorrectly computing tax amounts can lead to expensive penalties and fines.