Payroll Services

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Payroll is more than just paying employees—it involves tax compliance, accurate calculations, and timely reporting. Managing payroll in the U.S. requires businesses to comply with federal, state, and local tax regulations, as well as labor laws. Our payroll services ensure that businesses handle employee compensation efficiently and in full compliance with government requirements.

What We Offer:

1. Payroll Processing & Salary Management

We manage payroll calculations, ensuring employees receive accurate wages, including:

  • Hourly, salaried, and commission-based pay

  • Overtime calculations

  • Bonuses, deductions, and reimbursements

  • Direct deposit setup for seamless payments

2. Payroll Tax Management

Employers are responsible for withholding and submitting payroll taxes on behalf of their employees. Our services include:

  • Withholding federal and state income taxes

  • Calculating Social Security and Medicare (FICA) taxes

  • Employer tax contributions (FUTA, SUTA)

  • Filing quarterly and annual payroll tax reports

  • Managing unemployment and disability insurance taxes

3. Compliance & Regulatory Support

Payroll tax laws in the U.S. are constantly changing. We help businesses stay compliant with:

  • IRS and Department of Labor regulations

  • State-specific payroll tax laws

  • Employee classification (W-2 employees vs. 1099 contractors)

  • Payroll audits and record-keeping requirements

4. Employee Benefits & Deductions

We handle payroll deductions and benefits, including:

  • Health insurance, 401(k), and retirement contributions

  • Workers’ compensation and disability insurance

  • Wage garnishments and child support deductions

5. Year-End Tax Reporting & W-2/1099 Filing

At the end of the year, businesses must report payroll information to employees and the IRS. We assist with:

  • Issuing W-2 forms for employees and 1099 forms for independent contractors

  • Year-end payroll reconciliations

  • Submitting payroll reports to tax agencies

Need help with Payroll services? We’re here to help!

No matter the size of your project, we are committed to delivering accurate, reliable, and high-quality translations tailored to your needs.

Simplifying your finances for 15+ years! Great Chicago Consulting specializes in Corporate & Personal Tax, Payroll Services, Bookkeeping, Financial Reports, and more.

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