Payroll can be complicated. Let our experts manage the headache for you. Payroll requirements for those in agriculture are different from those in other industries. If not done correctly, there can be significant financial consequences for the employer and employee.
What complicates payroll?
- New IRS rules for labor compliance
- Timely electronic tax deposits
- Processing payroll checks with the correct withholdings (Social Security, Medicare, State and Federal)
- Year-end tax fillings (943 or 941, 940, W2)
- New hire guidelines (I-9, W4, job services, child support)
- Foreign workers (H2A, J)
At Farm Credit, we offer the following services to help make it easier:
- Prepare paystubs with accurate calculations of employee tax withholdings
- Prepare and e-file W2’s
- Prepare employer’s annual federal tax return, Form 943
- Prepare annual unemployment tax return, Form 940
- File quarterly/annual job service and state tax reports as required
- Calculate monthly tax deposits and submit timely on behalf of the employer
- Provide the option for direct deposit of employee wages
