Payroll & 1099 Services

At Madras Accountancy, we combine our expertise in payroll management and 1099 filing to deliver streamlined and efficient services tailored for CPA firms and businesses in the USA.

Whether it is ensuring accurate payroll processing or filing essential 1099 forms, we handle all aspects with precision and compliance.

Payroll Services

Payroll Processing

  • Managing all payroll frequencies, including after-the-fact payroll and payroll processed prior to the payroll date.
  • Calculation of net pay based on gross wages and Form W-4 details.
  • Customizable payroll cycles to meet the specific needs of businesses.

Record Maintenance and Reconciliation

  • Comprehensive and transparent record-keeping for every payroll period.
  • Detailed payroll reconciliations to align with financial and tax records.

Tax Reporting and Filings

  • Preparation and filing of Quarterly Form 941s, Annual Form 940, and other applicable state forms.
  • Accurate preparation and timely filing of W-2/W-3 forms.
  • Ensuring compliance with Federal and state payroll tax requirements.

Payroll Advisory and Consulting

  • Expert advice on payroll tax management and statutory compliances.
  • Strategic insights for effective payroll operations.

Executive Payroll Management

  • Personalized payroll services for top executives, reflecting their specific needs and compensation structures.

1099 Filing and Issuance Services

Key 1099 Forms Expertise

  • Form 1099-NEC: Reporting nonemployee compensation over $600.
  • Form 1099-MISC: Reporting miscellaneous income, including rents and prizes.
  • Form 1099-K: Reporting third-party network transactions exceeding IRS thresholds.
  • Form 1099-INT: Reporting interest income exceeding $10.
  • Form 1099-DIV: Reporting dividend income from investments over $10.

End-to-End Filing Process

  • Handling printing, mailing, and e-filing directly with the IRS.
  • Minimizing time and effort for timely and accurate filing.

Calculation and Review

  • Detailed analysis of contractor payments and withholding status.
  • Ensuring compliance to avoid penalties.

Hear from our
Satisfied Clients

We provide a complete suite of outsourced accounting services, helping firms stay efficient and cost-effective.

Madras Accountancy has been more than just a partner to Hillhurst Tax Group - they have been our trusted friends for over a decade.Working with Balaji and his exceptional team has been a remarkable journey. They’ve seamlessly supported us in both tax and bookkeeping services, enabling us to focus on growing our business and strengthening our client relationships.What sets Madras Accountancy apart is their personal touch. Balaji and his team truly care about our success and go beyond being just an offshore service provider. Their dedication, attention to detail, and commitment to excellence have made them an integral part of our firm’s story.We deeply value this relationship and look forward to many more years of collaboration

Jonathan McCormick, EA, MST

Co-Founder & COO / Hillhurst Tax Group

Partnering with Madras Accountancy has been a game-changer for us. Their team’s expertise in both tax preparation and bookkeeping has brought consistency and reliability to these critical areas. What stands out is their proactive approach - ensuring tasks are completed on time with a high level of accuracy and responsiveness. They have become an integral part of our team, always willing to adapt and support us whenever needed. The collaboration has been smooth and has added tremendous value to our operations and provided that much needed capacity as our business grows. We tried a couple of other providers and hands down, Madras has been a great fit. We’re grateful for the professionalism they bring to the table and the positive impact on our practice.

Josh T. Hansen, CPA

Founder & Managing Partner

Madras Accountancy has been an impactful partner and quickly became our primary offshore provider. We started working with them when we were not able to find higher-caliber talent from other providers. Madras Accountancy quickly found us several very strong candidates, and we have not looked back. At both preparatory and more importantly for us, detail review levels, their staff are excellent. They integrate seamlessly with our tax department, and we are very fortunate to have them support our firm. Their leadership team is also excellent, truly seeking to understand our business and our unique requirements, and will not rest until they find us those candidates. Their team’s proactive communication and unwavering commitment have made them an indispensable part of our operations. We are grateful for the strong partnership we have built with them.

Dave Myers, COO

RS&F

Madras Accountancy has been an exceptional partner for us at Stowe & Degon. Their team’s expertise in tax preparation and review, combined with their meticulous attention to detail, has significantly enhanced our efficiency during peak seasons

Prasanna G. Kidambi, CPA, MBA

Tax Partner
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