MJC BUSINESS SERVICES LLC
MJC BUSINESS SERVICES LLC

Payroll Processing

When you take on your first employee you may wish you hadn't when faced with all the forms and regulations that need to be followed!  The tax rates, allowances, and regulations all change on a regular basis and it can be hard to keep up to date.  If you have a small number of employees it is often more efficient to have your accountant or a payroll agency to do the payroll for you.

There are numerous forms related to paying and reporting federal payroll taxes.The most common ones are the following.

  • Pay Stubs - Your own forms which you supply to your employees to show how their pay has been calculated and what withholdings have been made.
  • Form 941 – Filed quarterly to report income taxes, social security taxes, and Medicare taxes withheld.
  • Form 944 – Filed annually to report the same as Form 941.
  • Form 940 – Filed annually to report FUTA tax calculations and payments.
  • Form W-2 –Reports the annual totals of wages paid and taxes paid by the employee. Filed with the Social Security Administration on an annual basis, before the end of February.  Must be sent to the employee before January 31.
  • Form W-3 –A summary wage statement compiling all W-2 information.

CONTACT US

Call us at 914 439-1296 with any questions or to schedule an appointment.


 

MJC BUSINESS SERVICES LLC

Main St

P. O. BOX 631

Yonkers, NY 10702

 

 

 

Office Hours: Appointments Only

Get Connected!

You can reach us during the following hours:

 Monday - Thursday

8:00 am - 8:00 pm

Friday

10:00 am - 6:00 pm

Saturday by appointment only

 

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