Benefits of Utilizing an HRO for Payroll Tax Services - Synchrony Hr

Benefits of Utilizing an HRO for Payroll Tax Services

Why should you go for HRO for Payroll Tax Services?

● 33% of small to mid-sized business owners say that they are uncomfortable completing payroll and navigating taxes on their own.

Thankfully, HRO services can help you with this issue.

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Save Time ● By having a team of payroll experts process your payroll, you and your team can save time each week.

● By taking even further steps and assisting business owners with deductions and taxes, you can save even more time when it comes to filing.

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Managing Deductions The payroll experts within an HRO will help you tackle both: Statutory payroll tax deductions Voluntary payroll deductions 4

Statutory payroll tax deductions Social security tax State income tax Medicare tax Federal income tax

Voluntary payroll deductions Health insurance premiums Retirement plan contributions

Report and Deposit promptly ● Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return ● Form 941, Employer's Quarterly Federal Tax Return There are also informational tax forms that businesses need to provide their employees for their tax returns, including: ● W-2, Wage and Tax Statement ● W-3, Transmittal of Wage and Tax Statements 7

Looking for Help?

While completing payroll taxes can be a time-consuming and complicated process, it doesn't have to be.

Utilizing an HRO service can help you avoid extra stress, costs, and time.

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Contact us!

Website: https://www.synchronyhr.com/ Email

: info@synchronyhr.com

Phone

:(314) 222-5770

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Thank You!

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