Payroll
STE Corp. computes paychecks, appropriate withholding, tax liability, health insurance and other benefit deductions for all your employees. Additional payroll related services include direct deposit of tax liability and W-2 form preparation. Each pay period, your employee checks and reports can either arrive at your office, or the funds can be directly deposited into your employees’ bank account.
What is Payroll tax?
Payroll taxes include those that employers are required to withhold from their employees’ pay and those which apply to the entity employing a worker. Employers must withhold Federal & State taxes from their employees as well as a percentage of Social Security and Medicare tax. Business owners must pay a matching amount of Social Security and Medicare taxes as well as State & Federal unemployment taxes for their employees.
Want payroll processing to take even less time?
STE Corp. offers an even more convenient way of preparing payroll and related documents - DIRECT PAYROLL
What is direct payroll?
STE Corp. deposits your employees' pay directly into their checking or savings accounts. It eliminates the need for paper checks by electronically depositing payroll funds directly from your business bank account into your employees' bank accounts. We transfer federal tax liabilities via EFTPS (Electronic Federal Tax Payment System) directly from your business bank account to the IRS. This will eliminate unnecessary visits to the bank and potential fines if liabilities are not paid on time. We also file electronically state quarterly reports and pay state tax liabilities electronically (if applicable) via TAXNET. It will save your valuable time and will also eliminate potential fines if such forms and/or payments are filed late. Once you are set up, just tell us how many hours each employee worked and we will do the rest. Contact us for more details