Payroll

Calculate payroll and taxes for firms in the United States.

Running a business in the United States necessitates accurate and precise payroll estimates. Mistakes in payroll and tax calculations can result in fines, tax audits, and financial losses. ILLION provides a comprehensive range of payroll services to small and medium-sized enterprises, assuring compliance with IRS standards and US legislation.

Who needs payroll services?

✔Small and medium-sized business owners who have recruited employees or contractors can benefit from our services.

✔ Accurate income accounting for freelancers and self-employed individuals (1099, sole proprietors).

✔ Compliance with tax legislation for LLC, S-Corp, and C-Corp.

✔ Accurate wage calculations for companies with remote employees across many states.

What is the scope of our payroll calculation services?

1. Employer registration and document preparation.

• Assist with registering a business as an employer.
• This includes completing the necessary tax forms such as W-4, I-9, 1099, and W-2.
• Obtaining and updating an Employer Identification Number (EIN).
  2. Calculate wages and taxes.
• The process involves calculating both the wages and the contributions made to various funds.
• The process involves the computation of income tax, Medicare, and Social Security.
• The process also involves factoring in tax breaks and potential deductions.
  3. Prepare and submit reports to the IRS
• Including forms 941, 940, W-2, and 1099-NEC.
• Tax payments to federal and local agencies should be made on time.
• Reports are prepared for employees and regulatory bodies.

4. Managing payments and documentation

• The process involves depositing salaries into the bank accounts of the employees.
• The system performs automatic computations and distributes bonuses accordingly.
• The employment database is maintained, accounting for all changes.
  5. Support and conformity with legislation
• The process involves consulting on issues related to tax and labor law.
• We are responsible for adapting the payroll system to accommodate legislative changes.
• Help with IRS audits and disputes.

Why pick ILLION?

✔ We completely adhere to IRS regulations and procedures.

✔ We optimize taxes by providing skilled accounting services. We save time by automating processes and reducing administrative responsibilities.

✔ Personal information of employees is protected using data security measures.

✔ Clear pricing: fixed rates with no hidden fees.

Schedule a consultation today! We will assist your firm in establishing a solid and secure payroll system.

ILLION is a trustworthy partner for your business!