--- title: "Small Business Payroll in Southlake, TX | Wallace CPA" description: "Payroll services for Southlake, TX businesses: paychecks, withholding, tax deposits and quarterly payroll returns handled with Wallace CPA support." url: https://wallacecpa.multisites.ai/services/payroll publisher: Wallace CPA phone: +1-877-682-1171 quote: https://wallacecpa.multisites.ai/contact --- Wallace CPA ยท Southlake, TX # Payroll services in Southlake, TX Payroll means paying employees correctly, withholding taxes from their wages, and sending those taxes to the IRS and the state on time. Wallace CPA helps Southlake, TX employers run payroll, make deposits and prepare payroll tax returns, so each step is on record. [Call (877) 682-1171](tel:+1-877-682-1171)[Send a message](https://wallacecpa.multisites.ai/contact?service=Payroll%20services) ![A smiling shop owner in an apron, arms crossed, inside a small store](https://wallacecpa.multisites.ai/_astro/shop-owner.D95xbOyy_1pRKjs.avif) ## What's included - Setting up employees and pay schedules - Paycheck calculations and withholding - Payroll tax deposits and quarterly returns - Year-end W-2 and 1099 filing - Review of payroll tax notices - Matching payroll to your books ## When people call - You hired your first employee - You run payroll by hand and worry about errors - A payroll tax deposit was late - You received a payroll tax notice - Your payroll does not match your books ## What does a payroll service do? A payroll service figures each paycheck, withholds taxes, records the totals and files the returns that follow. Wallace CPA also connects payroll to your books, so wages and tax payments show up correctly in your reports. See [small business accounting](https://wallacecpa.multisites.ai/services/small-business-accounting) for the bookkeeping side. ## Which taxes does an employer deal with? The IRS says employers generally must withhold federal income tax, Social Security and Medicare taxes from employee wages and pay the employer share. Federal unemployment tax is paid by the employer only. Read the glossary entries for [payroll tax](https://wallacecpa.multisites.ai/glossary/payroll-tax) and [Form 941](https://wallacecpa.multisites.ai/glossary/form-941). ## When are payroll taxes due? Deposit and return dates depend on your deposit schedule and the tax year, so check the IRS rules for the year you are in. The IRS says you must deposit and report employment taxes on time. Our [small business tax calendar](https://wallacecpa.multisites.ai/guides/small-business-tax-calendar) shows the usual rhythm. ## What forms are filed at year end? Employers give each employee a [Form W-2](https://wallacecpa.multisites.ai/glossary/form-w-2) and file copies with the government. Contractors paid above the reporting limit get a [Form 1099-NEC](https://wallacecpa.multisites.ai/glossary/form-1099-nec). Read the post on [Form 1099-NEC for small businesses](https://wallacecpa.multisites.ai/blog/form-1099-nec-small-business). ## What if I have a payroll tax problem? Late deposits and unfiled payroll returns can lead to penalties and notices. Start with our [IRS problem resolution](https://wallacecpa.multisites.ai/services/irs-problems#payroll-tax) service. Keep payroll records as long as the IRS requires, which it says is at least four years for employment tax records. General information, not advice for your situation. Talk with a CPA about your own facts before you act. ## Questions about Payroll services Ask anything else: call [(877) 682-1171](tel:+1-877-682-1171). [Read the guideThe small business tax and bookkeeping year, month by month](https://wallacecpa.multisites.ai/guides/small-business-tax-calendar) ### How long do I keep payroll records? The IRS says to keep all records of employment taxes for at least four years. ### Do employees and employers both pay payroll taxes? Some taxes are paid by both and some only by the employer. The IRS gives federal income tax, Social Security, Medicare and federal unemployment tax as examples. ### Can you fix past payroll filings? We can review them, find errors and help prepare corrected returns where the IRS allows it. ### Is this page legal advice for employers? No. It is general information. Talk to a CPA about your situation. ## Related services - [Small business accounting](https://wallacecpa.multisites.ai/services/small-business-accounting) - [IRS problem resolution](https://wallacecpa.multisites.ai/services/irs-problems) - [QuickBooks setup, training and cleanup](https://wallacecpa.multisites.ai/services/quickbooks) ## Sources 1. [IRS: Understanding employment taxes](https://www.irs.gov/businesses/small-businesses-self-employed/understanding-employment-taxes) 2. [IRS: Employment taxes](https://www.irs.gov/businesses/small-businesses-self-employed/employment-taxes) 3. [IRS: Recordkeeping](https://www.irs.gov/businesses/small-businesses-self-employed/recordkeeping) ## Talk to Wallace CPA Call the Southlake office and say what you need: a return, an IRS letter, your books or a new business. Have the notice or last year's return nearby if you have one. [Call (877) 682-1171](tel:+1-877-682-1171)[Send a message](https://wallacecpa.multisites.ai/contact) 180 State Street, Suite 225, Southlake, TX 76092