Medical Practice Payroll Processing is an essential task. Whether you have a handful of employees or your practice is expanding with new doctors, nurses, and staff, Davis Practice can create a payroll system to accommodate an office of any size. Your employees are the heart of your practice, and it is important to ensure they are always paid accurately and on time. Our professionals will work closely to provide correct payroll and records for your business. We will help you make important medical practice payroll processing decisions, which affect the success of any payroll system, while taking into consideration federal, state, or local labor and employment laws.
When creating a payroll system, employers must determine what kind of payment period to use (weekly, biweekly, or semi-monthly) and when payday will occur after each period. These two factors are essential since they determine when your employees are going to be paid as well as the amount of work they will be compensated for.
Davis Practice won’t leave you alone to navigate the complicated world of taxes when it comes to payroll. We will set up a system that withholds the appropriate amount of income taxes from your employees’ paychecks and assist you in processing the payroll taxes that your practice owes. We will keep you on track and make sure you are aware of any upcoming deadlines.
Practices we work with:
- Surgery centers
If you are looking to reward your employees for hard work and dedication at the end of the year, bonuses are a great way to do so. However, calculating bonuses can be time-consuming. Determining the percentage for bonuses and adding them to your employees’ checks is something Davis Practice can help you with. We have the bookkeeping experience to calculate the bonuses based on percentage rates, employees’ annual gross income, and the amount that is deducted because of state taxes. Need our help? Contact us today!