Vision Payroll

May 6, 2008

What type of input method do you prefer?

Filed under: FAQ — Vision @ 2:36 pm

We prefer what you prefer. Online entry, email, fax, calling in, dropping off, or having one of our payroll specialists call you are some of many possible options.

I received a tax form in the mail. Do you need it?

Filed under: FAQ — Vision @ 2:35 pm

If it is just a blank tax form, we do not need it. We produce our own tax forms for quarterly and year end processes.

I received a tax notice in the mail. Do you need it?

Filed under: FAQ — Vision @ 2:35 pm

Yes. All tax notices contain important information such as tax frequency payment changes or unemployment rate changes. Please email, fax, or mail it to us as soon as possible.

How can I sign up for LifeLock?

Filed under: FAQ — Vision @ 2:30 pm

Please visit our tutorial section for how-to’s on products such as LifeLock.

When will we receive W2s?

Filed under: FAQ — Vision @ 2:24 pm

W2s will be delivered to the company on the third week of January.

When will my account be debited for payroll direct deposits, taxes, and invoice?

Filed under: FAQ — Vision @ 2:24 pm

Your account will be debited any time after midnight the day before the check date. This will ensure on time delivery of direct deposit and timely payment of taxes.

What can I expect to owe in employer taxes?

Filed under: FAQ — Vision @ 2:22 pm

Federally, all for profit companies have similar taxing situations. Every company must match the employees’ FICA and Medicare. In 2008, this is 6.2% of the first eligible $102,000 and 1.45% for all employees’ eligible wages. Federal unemployment tax is .8% of the first $7000 eligible wages. State taxes vary greatly from state to state. Most companies must pay their unemployment rate on eligible wages for each employee. For example, new companies in Massachusetts must pay 2.59% on the first $14,000 of each employee’s eligible wages. For individual states, please look at the links section to the unemployment agency for each state.

How long does direct deposit take to set up?

Filed under: FAQ — Vision @ 2:19 pm

After we receive the necessary completed ACH Authorization Agreement, we will send a prenote during the next payroll process. A prenote is a security procedure to make sure the account is active and associated with the correct person. After we send the prenote, it takes ten business days before the direct deposit process begins.

When can I expect delivery of quarterlies?

Filed under: FAQ — Vision @ 2:18 pm

We send out quarterlies in the third week after the quarter ends. We do an in-depth reconciliation of every quarterly to ensure accuracy.

I use accounting software to enter my general ledger entries. Do you provide any means for making it easier and with fewer mistakes?

Filed under: FAQ — Vision @ 2:18 pm

Yes. We offer our clients a general ledger import. With a chart of accounts, we can customize a file to import directly into your general ledger according to your specifications. With a few simple clicks, your general ledger will be updated. Never mistype data again!

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