Frequently Asked Questions
How do I pay my employee?
If you’re unsure how to pay an employee or lack the time, we can assist you with processing payroll, depositing and filing taxes, handling IRS issues, and managing pay-as-you-go workers’ compensation. Time & Payroll, based in Wilson, North Carolina, offers comprehensive payroll services across the United States, including a dedicated payroll specialist for each client, all at a consistently low cost.
How do I know my taxes are paid on time and correctly?
By entrusting Time & Payroll with your tax payments, you ensure timely and accurate submissions with a guarantee against penalties and fines. Should you receive any notices from the IRS or other taxing authorities, we will handle them on your behalf.
Can you help me manage my 401(k) and insurances?
Yes, we assist with 401(k) plans, all withholdings and garnishments, and provide insurance support.
When are tax monies deducted from my account?
All funds for current payroll, including tax amounts, are deducted one business day before the check date.
Do you offer direct deposit for employees?
Yes, direct deposit is available with Time & Payroll.
Do you offer Payroll Cash Cards for employees who prefer cards instead of checks or direct deposit?
Yes, in addition to checks and direct deposit, we offer Payroll Cash Cards for employees who prefer this method.
Can you help set up a new company?
Absolutely. Time & Payroll can guide you through the process of starting a new company.
How do I hire an employee?
We can assist with all necessary employee forms and procedures. Our online Human Resources library and optional HR services are available to help.
Can you completely manage my payroll with minimal involvement from me or my staff?
Yes, simply provide us with hours and we’ll handle the rest.
I prefer more control over payroll preparation. Do you offer an online payroll portal?
Yes, with our Employer On-the-Go Service, you can enter hours and access over 500 reports 24/7.
Do you have an online time clock and access for employees?
We offer mobile time and attendance solutions 24/7.
What’s new with payroll outsourcing?
Traditional time sheets and paper checks have become with new payroll software, direct deposit, and payroll cards. For employees without bank accounts or those seeking to avoid high check-cashing fees, payroll can be
loaded onto prepaid debit cards, which include one free withdrawal per payday. We also offer various time and attendance solutions, including biometric time clocks and virtual time clocks, suitable for industries like construction.
Do You Generate Federal Certified Payrolls?
Yes, we generate Federal Certified Payrolls as required for contractors. We handle this process meticulously to help you meet all regulatory requirements.
Is my independent contractor really an employee? Do I need payroll?
Misclassification of workers is a significant concern for the IRS. Independent contractors are not covered by wage and hour laws and do not receive employee benefits. Employers are not required to pay Social Security, Medicare, or unemployment taxes for independent contractors. However, misclassifying employees as independent contractors can lead to substantial liabilities, including unpaid wages, taxes, penalties, and fines. Ensuring proper classification is crucial to avoid potential legal issues.