Chicago Payroll Services

Managing the payroll for a business is not easy, even for small to mid-sized businesses.  You need to ensure that the proper tax withholdings, benefit deductions, and liabilities are applied to prepare the paychecks for your employees.  You will also need to consider laws regarding payroll and applicable taxes.  If you are not able to effectively manage the payroll for your business, you can work with a professional that provides payroll services.

STE provides complete payroll accounting and administration services under our subsidiary PayStub Solutions to help small to mid-sized businesses in Chicago, Illinois and the surrounding areas.  Our professionals will help manage every aspect of your payroll process including calculating tax withholdings, distribution of paychecks, deductions for union dues and benefits, and payroll tax returns.  We are a payroll company you can trust to ensure your payroll process is handled smoothly, accurately, and in compliance with applicable tax laws.

What is Managed Payroll?

Managed payroll is the management of a business’s in-house payroll by a third-party payroll service provider.  In these cases, a business completely outsources management of its payroll process to an accountant that can streamline and automate the process while accounting for the appropriate withholdings and applicable tax laws.

Managed Payroll Services for Mid-Sized and Small Businesses

PayStub Solutions provides comprehensive payroll services for mid-sized and small businesses.  Our professionals will take the time to understand your payroll process, including tax deductions and other liabilities, and automate the process.  We will ensure that your employees are paid on time through direct deposit, electronic or paper checks, or debit cards.

Our payroll services will be adjusted to your timeline to ensure your employees are paid.  We will also provide monthly reports and keep track of tax withholdings and liabilities to prepare tax forms at the end of the year.  Our professionals will accurately calculate the tax withholdings, benefits, and union dues if necessary.  We can also manage certified payroll for clients with government contracts.

The following are the benefits of working with a payroll service for small and mid-sized businesses:

• Payroll companies are knowledgeable of all current rules and regulations
• Better security and compliance
• Accurate data
• Automated on-time paycheck delivery
• Accurate tax withholdings and preparation of payroll tax returns
• Immediate resolution of issues
• Efficient processing of terminations and new hires
• Saving costs on in-house payroll employees and software licensing

Certified Payroll

Certified payroll is the payroll of a business as it relates to hours worked and wages paid for work done on a contract from a government client.  The point of certified payroll is to provide oversight to the government client so they can ensure that the contractors working on the contract compensate their employees with prevailing wages.  Certified payrolls are often treated as a subset of a business’s normal payroll and they must be handled separately with their own reports.

We provide certified payroll reporting services to help businesses manage the payroll related to their government contracts.  Our professionals understand the specialized process and will handle all certified payroll management and reporting according to the rules and regulations.  We will also report all necessary information on a WH-347 form for the Department of Labor including the names and ID numbers of employees working on the project, hours worked, wages based on the prevailing wage, deductions or withholdings, and gross and net wages earned.

We can also help manage the payroll taxes for your certified payroll, including annual and quarterly payroll reports.  We will compile the information needed to turn in your annual Federal Unemployment Tax Act (FUTA) tax with Form 940 and your quarterly federal tax return on Form 941.

Union Payroll Services

If your employees are members of a union, then your payroll process needs to account for the deductions for union dues and other benefits.  This can become especially tricky if you have some union employees and other employees who are not union members, making it beneficial to work with a professional that provides union payroll services.

Our professionals at PayStub Solutions will calculate and automate the deductions for your union employees.  We will also make sure that you are following all applicable rules when it comes to time tracking and pay scale differences for your union employees.  The pay for non-union employees will be automated and separate from that of union employees.

Complete Payroll Services

Managing your payroll process can be complicated, especially when certified payrolls and union payrolls are in the mix.  At STE, we provide complete payroll services through our subsidiary PayStub Solutions to automate the calculations and payment of your employees and help manage all aspects of your payroll taxes.  You can reach us at (708) 583-0300 for payroll services in the Chicago, IL area.