How To Prepare Payroll for Taxes 2023

With the season right around the corner, which means many businesses are trying to figure out how to prepare payroll for taxes in 2023. Here’s how you can get a head start on your taxes.

Gather Your Information

It sounds basic enough, but preparing your taxes starts by ensuring you have all of your tax information readily available. Whether you use payroll services or not, you’ll need to figure out where this information is stored, how you can access it, and any other details you might need for taxes.

Understand the New Payroll Laws 2023

With a new year comes changes to payroll laws. Thankfully, the experts here at Primary Payroll want to lend you a helping hand. Here are some of the new payroll laws 2023 has in store.

Hire a Payroll Service

Primary Payroll is a superior payroll service company that handles the automatic processing of all of your payroll calculations, payroll tax statements, year-end taxes, and more. Many companies opt for using payroll services because it helps employers meet required filing deadlines and streamline general business operations.

Primary Payroll’s tax filings include:

  • Pay Federal and State Taxes with Each Payroll
  • Quarterly Federal 941
  • Annual Federal Unemployment 940
  • State Quarterly Wage & Withholding Report
  • State Annual Reconciliation Statement

We also provide extensive year-end preparation of tax documents, including:

  • W-2’s
  • W-3
  • 1099’s
  • Year-End Payroll Summary

Why Choose Primary Payroll Services

Primary Payroll Services is a smaller company, which means we have the luxury of dedicating ourselves wholly to our clientele rather than getting lost in the shuffle with the larger corporations. At Primary Payroll Services, you will always receive our highest levels of customer service.

Let our payroll experts at Primary Payroll Services assist you with selecting the right payroll services for your business needs. Call us at 562-595-0066 or request a free quote online.

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