Offices in Peoria, Princeville, & Washington, Illinois

 

Payroll Services

Payroll processing involves much more than processing checks. The year round preparation of federal, state and local tax returns, deposits and the associated record keeping, not to mention the constantly changing payroll tax laws are all reasons to seek help from a qualified and knowledgeable professional. There is no better way to guarantee the confidentiality and security of your payroll. Gorenz and Associates provides simple solutions to the complex payroll and payroll tax issues that you face. Gorenz and Associates should prepare your payroll because it's the most efficient and convenient way for you to handle the many payroll-processing requirements.

Each pay period we will receive from you a summary of payroll hours and changes. From that information we will prepare the following:

  • Payroll checks
  • Employee earnings statements
  • Payroll journal
  • Payroll deduction registers (as required) 
  • Each deposit period we will calculate all tax liabilities on your behalf, including the following: FICA, Medicare, Federal and State Withholding, Federal and State Unemployment Insurance. 

Assuming that you have provided us the necessary information, Gorenz and Associates assumes full responsibility for the timeliness and accuracy in preparing your returns.

Each quarter we will prepare:

  • 941 Quarterly Return
  • State Unemployment Insurance Return
  • State Quarterly Wage Return
  • Deposit for Federal Unemployment Insurance

Each year we will prepare:

  • Employer, Employee, Federal, and State W-2's
  • W-3 Recap of Federal Withholding
  • 940 Federal Unemployment Insurance Return

Other Payroll Related Services Include:

  • Section 125 Plan - savings for both employers and employees by deducting insurance premiums before taxes.

With Gorenz and Associates handling your payroll, you can be confident that your payroll checks and tax deposit coupons and payments are accurately prepared. You can rest assured that you are keeping up with government tax law changes and their effects on your employees. With us preparing your payroll, you will know that your quarterly forms and year end W-2's are prepared in a timely manner. And you don't have to worry that your payroll information is kept confidential at all times, since it is prepared at an off-site location. Not to mention, that we will be keeping track of miscellaneous deductions, such as 401(k), cafeteria plan or Section 125 plan, wage garnishments, etc.

Gorenz and Associates can solve your payroll problems at reasonable rates. Call us today.