One of the most important decisions you’ll make as an owner is how and how much you’ll pay yourself. The law orders that you follow certain guidelines when it comes to compensation. There are two standard compensation methods that business owners can consider: an owner’s draw and a salary.

Independent contractors are responsible for paying federal payroll taxes on their own, but you do have the option of only paying them. When you use 1-800Accountant’s payroll service, we’ll automatically file and email them their 1099s at the end of the year with our contractor plan.

Employees who work out of state must submit a withholding exemption or non-residency certificate to their state’s tax agency. This exempts them from tax withholding in the state where your business is headquartered. We can handle that on their behalf when you use our payroll service.

Taxoto’s payroll service is high-value and competitively priced. Our robust payroll service costs $979 annually with a $200 setup fee which is waived if you’re already registered with your state. Our accountants submit your payroll taxes every time we run payroll for no additional charge.

Taxoto offers payroll and our full suite of services to small businesses operating in every industry and in all 50 states. We do not currently offer our payroll services to small businesses that are operating outside of the United States.

Switching from your current provider to Taxoto’s small business payroll service is easy and hassle-free. When you work with Taxoto, you’ll pay your employees in just a few clicks. Spend minutes on payroll each month instead of hours with our online payroll service for small businesses.