Skip to main content

Payroll FAQs

Below are a list of reasons why outsourcing payroll may or may not benefit your business.

Avoid Risk. Manage and Access data. Streamline your office.

Home » Payroll Solutions » Payroll FAQs

Leave payroll to us, so you can focus on what’s most important – your business.

Will Payroll services save me time?

We provide a flexible payroll service where you can process online, in minutes, anywhere and anytime. We want you to spend your energy on what’s most important—running your business.

What reports are available?

Our payroll platform can be customized to include many different reports for your business. Job costing, work comp audit reports, PTO reports along with other customizable reports are available to you.

What taxes are my business subject to?

As a business operating in the United States you are subject to Federal Income Tax (FICA) which is comprised of Social Security and Medicare. FICA tax is assessed at a rate of 7.65% on all applicable wages. Businesses are also subject to paying Federal Unemployment Tax (FUTA). The FUTA tax rate is 0.60% for the first $7,000 in wages that an employee earns in a calendar year. Businesses in Florida are subject to paying State Unemployment Tax which is a rate of 2.7%. SUTA is also only charged on the first $7,000 that an employee earns in a calendar year.

How do I calculate my labor burden for employee’s in Florida?

To calculate your labor burden you would add up all the following taxes and insurance premiums:

  • Federal Income Tax (FICA) of 7.65%
  • Federal Unemployment Tax (FUTA) of 0.60%
  • State Unemployment Tax (SUTA) – this number varies based on the employer.
  • Payroll processing fee’s (Admin.) – this could be percentage based if you are using a leasing company.
  • Work Comp Rate (Per Class Code) – this depends on the class code.

Once you have all those inputs calculated you total up the percentages and create a before cutoffs and after cutoffs number. After cutoffs would represent all the inputs minus SUTA and FUTA – and this percentage would be applicable after an employee has earned $7,000 in wages in a calendar year.

What is the best payroll provider for my business?

The answer to this depends on what your business needs are. Just because we are a payroll company with great service doesn’t mean we are the best depending on your businesses specific needs. Our sales consultants can help you determine who the best company would be through our interview process.

Payroll FAQs - Business Man Writing Down a Plan with an Associate

Get Started Today

As an independent agency, we are here to help you find the right Payroll FAQs coverage.

Get a Quote

  Contact Us

Reach out and we’d be happy to help.

  • This field is for validation purposes and should be left unchanged.