Payroll Services from Southern Oklahoma Business Services include:
Southern Oklahoma Business Services administer payroll deductions for your business including:
Whether a client utilizes independent contractors, employees, or both, it is very important to ensure that reporting of compensation paid to either is properly performed. Statutory obligations to report summary compensation to employees or independent contractors, as well as taxing authorities can be a tedious task. Southern Oklahoma Business Services can handle this aspect for you to meet all statutory requirements.
At the end of each year, W2s and 1099’s are issued to employees, and independent contractors; and any corrected W2s (W2C), if applicable. In addition, wage and miscellaneous payment reporting to Social Security Administration, Internal Revenue Service, and other applicable state and local agencies are also services we offer.
If an employee elects direct deposit then Southern Oklahoma Business Services will organise for their paychecks to be deposited directly into their bank account.
Benefits of Direct Deposit to the Employer:
Benefits of Direct Deposit to the Employee:
With respect to workers compensation Southern Oklahoma Business Services offer the following services: