akif cpa accountants and tax advisors
Contact Us

Payroll Services

Paid to employees, with a service built for employers.

It’s not just about paying your employees, it’s about payroll compliance on both sides of the business. Our payroll services ensure your employees are paid accurately and on time while also tracking opportunities to build more efficiency the business and managing withholding, reporting, and payment for benefit plans and taxes.

Let’s Talk ►

Accurate Every Time ​

Implement systems and automations that eliminate opportunities for error, while ensuring oversight and compliance from an accounting team that takes a detailed look every time.

Third-Party Oversight

Did you know that businesses who outsource payroll are much less likely to be the victims of fraud and false expense reporting?

The Reports You Need

Beyond the check, utilize reports on labor costs and employee expenses that allow to budget more accurately and plan for success.

Never Worry About Payroll Again

Delegate payroll setup and procession, data and reporting, and gathering insights that go beyond the paycheck.

Contact Us
teamsters
Efficient Payroll Processing With Data Insights ​

Leave behind the headache of payroll and gain valuable data that can help you make hiring decisions. Our team manages payroll from the top down, meaning your business is compliant with regulations while your employees and contractors are paid on time.

Accurate and On-Time ​

Accurate and On-Time ​

Whether your staff is small or mighty, payroll is always a time-consuming process. With our payroll services, you’ll get automated tracking, compliance checks, and wage issuance that is always on time and accurate.

Work with a Team of Payroll Professionals

Work with a Team of Payroll Professionals

Our payroll professionals manage everything from setting up direct deposit and integrating expense reporting systems into software to issuing tax forms and withholding contributions for retirement plans and health insurance. From daily management to reporting, our team can help.

Reduce Risk of Fraud ​

Reduce Risk of Fraud ​

With third-party oversight and checks and balances, you’ll reduce the risk of payroll and expense fraud. Our payroll professionals know how to spot anomalies and inconsistencies on timesheets, and run regular reports to evaluate labor costs.

More Than Just Issuing Checks ​

More Than Just Issuing Checks ​

Our team offers so much more than time tracking and check issuance. See the benefit of insightful tools, like expense reporting, employee benefit withholding, reporting and payment of employer portions to the IRS, issuing of tax forms, and ongoing labor data evaluation.

Analyze Labor Costs ​

Analyze Labor Costs ​

Detailed reports on labor costs are useful for everything from forecasting hiring to evaluating turnover and employee retention and labor costs vs. other operational costs. You’ll get reports that will help you think about labor at a business level.

Modern and Up to Date ​

Modern and Up to Date ​

Direct deposit, employee portals, expense categorization, we’ve got it all. Our team utilizes top-of-the-line software that reduces the risk of payroll inaccuracy for our clients and automates critical parts of the process eliminating errors.

Efficient Payroll Processing With Data Insights ​

Leave behind the headache of payroll and gain valuable data that can help you make hiring decisions. Our team manages payroll from the top down, meaning your business is compliant with regulations while your employees and contractors are paid on time.

Contact Us
accounting business financial growth

Delivery Accurate Pay, On Time

Ensure employees and contractors are paid accurately and on time. Our experienced payroll specialists calculate wages to be issued while accounting for hours, overtime, commissions, bonuses, deductions, and owner distributions.

  • We handle wage calculations, withholdings, and issue payment after detailed verification of amounts to be issued
  • Third-party oversight on employee hours, attendance, vacation accrual, etc.
  • Ensure tax withholdings, 401k and retirement contributions, health insurance premiums, and other benefits are withheld accurately and appropriately, and reported and paid to the appropriate organization on time

Employee Contribution Adjustments

Our accountants manage adjustments for employee contributions, reporting to the IRS and other regulating bodies, employer contributions for insurance and retirement, and any reimbursements or audits needed

  • Employer portions of insurance, retirement and 401k, and other contributions and withholding employee portions from payroll and crediting to correct accounts
  • Reimbursements for tuition, phone and internet plans, and other stipends
  • Reporting, employee benefit plan audit, and ongoing wellness checks of the employee benefit system

Expense Reporting and Tracking

Expense reports and tracking get streamlined with a straightforward reporting process that makes submitting reports easy, while empowering comprehensive categorization and tracking data useful in budgeting and evaluation

  • We build an expense report system and process that integrates with payroll systems and accounting software for a straightforward process
  • After categorizing expenses and a few compliance checks, we issue timely reimbursement for the expenses
  • As part of our reporting process, we’ll provide valuable data on spending patterns and offer suggestions for controlling costs and reducing expenses

Direct Deposit Setup and Management

Employees and contractors are paid on-time and accurately through a direct deposit system and portal that allows employees access to the information they need

  • Direct deposit setup with accurate and on-time payment and detailed pay stubs that outline earnings, taxes, and deductions
  • Management of varying compensation for employees vs. contractors and managing commission structures, bonuses, incentives, and distributions
  • Expense reimbursement, vacation payouts, and other payroll adjustments

Reports with the Details You Need

Whether it’s a labor cost report for stakeholders or tax and payroll reporting to the IRS, our team understands key payroll metrics and the value in data

  • Easy to read payroll reports offering charts, graphs, and visual analysis of wage costs, KPIs, payroll trends and patterns, staff numbers, and seasonality
  • Turnover and retention rates, vacation reports, and additional information helpful in determining budget allocation and long-term financial planning
  • Issuing reports to the IRS based on your company’s needs and requirements outlined in tax codes

All the Required Forms

Our team takes a two-prong approach, ensuring employees and contractors have the forms they need, while delivering the data and reports required for your business to be in compliance with tax laws

  • Preparing and issuing W-2 and 1099 forms within the required timeline
  • Tax forms and data required for business filing, including tax withholdings and liabilities, retirement contributions, health insurance premiums, and state and local tax forms
  • Collaborating with tax team to ensure your taxes are reported and filed on time

Office Locations & Hours ►

Join Our Roster of Satisfied Clients

Get 360° accounting services that offer full support and coverage of every aspect of your business.

We offer everything from granular, data-entry support to high level accounting strategy. Don’t see the service you need listed? Just ask!

See Our Latest Reviews

"I’ve been working with Mohammad and his staff at Akif CPA for a little over six years now. It is a genuine pleasure working with his staff."

"I’ve been working with Mohammad and his staff at Akif CPA for a little over six years now. It is a genuine pleasure working with his staff. In this day and age it’s so easy to be forgotten as a person and just be thought I was an account. This doesn’t happen there. When you have a question they take it to heart and make sure that you are comfortable with the outcome .You generally feel like you’re part of the The family. I have never had one question it was not taken care of in a single phone call. They take pride in their job in a day and age when that doesn’t really happen. There’s so many things that have to be taken care of when you own a company but one thing you don’t have to worry about is your accounting because it’s always done right and it is always done right the first time. "
Contact Us

 


Offices & Contact ►

Houston Office

4151 Southwest Freeway Suite 630
Houston, Texas 77027

(713) 451-9700

Toronto Office

225 Gibraltar Rd Unit 5
Vaughan, Ontario L4H 4P9

(416) 800-2709

Contact Us

For assistance in planning and transferring your U.S. assets to Canada, please contact our colleague Phil Hogan, CPA, CA, CPA at (250) 661-9417 or [email protected]

Facebook-f Twitter Linkedin-in Youtube