Payroll services

Virtuous Resources offers payroll services to help businesses manage their employee compensation, including salaries, wages, bonuses, and deductions.

These services can include:

• Payroll Processing: Calculating employee wages based on hours worked or salaries, taking into account taxes, deductions, and other factors.
• Tax Withholding: Ensuring accurate and compliant tax calculations and withholding, including federal, state, and local taxes.
• Direct Deposits: Facilitating the electronic transfer of funds to employees' bank accounts.
• Payroll Tax Filing: Handling the submission of payroll taxes to appropriate government agencies on behalf of the business.
• Employee Benefits: Managing employee benefits contributions and deductions, such as health insurance and retirement plans.
• Recordkeeping: Maintaining records of employee compensation and tax-related documents.
• Compliance: Staying up-to-date with ever-changing labor laws and regulations to ensure payroll practices are compliant.
• Reports: Generating payroll reports for businesses to track and analyze employee compensation data.
• Year-End Activities: Assisting with year-end activities, such as producing W-2 forms for employees and 1099 forms for contractors.

For additional information about Virtuous Resources and its payroll services, please contact us at info@virtuousresources.in.