Every pay period One Source Payroll will process and provide you with payroll checks and earning statements, direct deposit report, standard reports including a payroll register with year to date information and update all federal and state tax fields. In addition we will work closely with you to create any additional reports that may help streamline information you need.
This service automatically files and pays Federal withholding, FICA, FUI (federal unemployment insurance), State withholding, SUI (state unemployment insurance) and local withholding taxes. It also assumes full responsibility and timeliness of these payroll tax returns. This service includes automatic enrollment in the Electronic Federal Tax Payment System (EPTS) which meets IRS requirements for businesses that must electronically deposit Form 940/941 payroll taxes.
With this service, employees’ wages are deposited into their accounts automatically. For their records, Direct Deposit statements are distributed with reference to the account and the amount that is deposited. Employers receive a detailed report of all Direct Deposit transactions.
We have over 100 standard reports at your disposal. We’ve listed our most popular reports below.
- 401(k) Report
- Direct Deposit Report
- General Ledger
- Input Worksheet
- MTD/QTD/YTD Report
- New Hire Reports
- Payroll Register- YTD, QTD Employer Taxes
- Payroll Tax Report
- Time Off Accrual History Report
- Workers’ Compensation Report