(1) |
Payroll tax ID of the state in which you are registered. |
(2) |
Prepare employment contracts for both parties. |
(3) |
Assist in purchasing government mandated workers' compensation insurance (may include Workers' Compensation Insurance and Disability & PFL Insurance). |
(4) |
Calculate salary based on the information provided by the employer. |
(5) |
Arrange salary payment to the employee on a regular schedule. |
(6) |
File monthly, quarterly, and annual Federal and State payroll tax returns on the employer’s behalf. |
(7) |
Issuance W-2 (Payroll and Payroll Tax Summary Information Form) at year-end. |
(1) |
Employer’s Articles of Incorporation; |
(2) |
Employer Identification Number; |
(3) |
Employee basic information and employment contract or offer letter (Note 1); |
(4) |
Federal Employee Withholding Certificates (Form W-4) and State Employee Withholding Certificates; |
(5) |
Employment Eligibility Verification (Form I9); |
(6) |
Federal and state payroll tax account, if applicable (Note 2); |
(7) |
Government mandated workers' compensation insurance (if any) (Note 3); |
(8) |
Employer’s and employee’s bank accounts (if direct deposit is required). |
(1) |
The employment contract or offer letter should contain the employee’s position, work address, salary, and other compensation details. |
(2) |
Kaizen can help to register the required payroll tax account, the extra government fee may be applied. |
(3) |
Kaizen can help to obtain and purchase government-mandated workers' compensation insurance, which may be subject to additional government fees. |
(1) |
Kaizen can help to prepare an employment contract, the fee for this service is $250. |
(2) |
If you have not obtained or lose/ are unable to log in to your federal and state payroll tax account numbers, Kaizen can apply/reclaim it on your behalf. The application service fee for each state is $300. |
(3) |
Kaizen can help to obtain and purchase government-mandated workers' compensation insurance, the fee for this service is $200. |
(4) |
Issuance W-2 (Payroll and Payroll Tax Summary Information Form) at year-end, the fee for this service is $60. |
(5) |
If you need to calculate the pre/post-tax salary for your employees, Kaizen can assist in the calculation for a fee of $100 per person. |
(6) |
Please consult our consultants for the cost of specific payroll and payroll tax filing services. |
(1) |
If you reported federal payroll taxes of more than $50,000 for the last four quarters, you must deposit taxes on the semi-weekly schedule. |
(2) |
If you have begun paying your employees and filing payroll taxes prior to transferring to Kaizen, Kaizen will need to perform a handover of your payroll services. If you transfer at the beginning of the year (before the first payroll of the year), there is a one-time transfer initial setup fee of $100. If you transfer in mid-year (after the first paycheck of the year), Kaizen will also need to obtain filing information and supplemental payroll for prior months, for which there is a one-time transfer-in initial setup fee of $300. |
(3) |
If your payroll service before transferring to Kaizen belonged to a third-party HR platform (e.g. ADP, etc.), you need to re-apply for a new tax ID number when transferring, and the tax ID number application will be charged in accordance with the aforementioned payroll tax ID number application service. |