Payroll Services

Our Spendthrift Payroll Service is specifically designed to assist Spendthrift Trusts and businesses with managing their payroll processes while ensuring compliance with applicable laws and regulations. We understand the importance of accurate and timely payroll processing to ensure employees and beneficiaries receive their payments promptly.

Key features of our Spendthrift Payroll Service:

• Efficient Payroll Processing: We handle all aspects of payroll processing, including calculating wages, salaries, bonuses, and deductions for employees or beneficiaries.
• Beneficiary Payments: For Spendthrift Trusts, we facilitate timely and accurate payments to beneficiaries based on the trust's disbursement schedule.
• Tax Withholding and Reporting: Our service includes handling tax withholding from employee wages and beneficiaries' distributions, as well as providing the necessary payroll tax reporting.
• Compliance with Employment Laws: We ensure that the payroll process complies with all relevant employment laws, including wage and hour regulations.
• Direct Deposit or Checks: Employees and beneficiaries can receive their payments through direct deposit or physical checks, depending on their preferences.
• Employee/Beneficiary Records: We maintain comprehensive records of payroll transactions, ensuring transparency and providing valuable information for reporting and audits.
• Payroll Tax Filings: Our service takes care of all required payroll tax filings, such as Form 941 (Employer's Quarterly Federal Tax Return) and Form 940 (Employer's Annual Federal Unemployment Tax Return).
• Secure Data Handling: We treat all payroll data with the highest level of confidentiality and employ robust data security measures to protect sensitive information.
• Customized Solutions: Our Spendthrift Payroll Service is tailored to the specific needs and requirements of the trust or business, ensuring seamless integration with existing processes.
• Expert Payroll Guidance: Our team of payroll experts is available to provide guidance and support on payroll-related matters, helping to address any questions or concerns that may arise.

By utilizing our Spendthrift Payroll Service, you can streamline your payroll processes, ensure accurate payments, and focus on the core activities of your business or trust. Let us handle your payroll needs while ensuring compliance and transparency in financial transactions. Contact us today to learn more about our specialized service and how we can assist you in managing your payroll effectively.