Payroll Services
Pay runs, federal and state tax deposits, quarterly filings, and year-end W-2s for New Jersey employers, managed by the firm that also prepares the business return.
The short version
Payroll, deposits, and filings on one calendar
Wasserman Accounting runs payroll services for New Jersey employers: pay runs, federal and state tax deposits, quarterly filings, and year-end W-2s, managed by the firm that also prepares the business return.
Deposit deadlines are where payroll goes wrong. We set the schedule from the IRS rules and keep it current as your payroll grows.
New Jersey filings included: NJ-927, WR-30, and the NJ-W-3 annual reconciliation, alongside the federal Forms 941, 940, and W-2.
Switching providers or hiring employee number one, either way the setup is on us.
Bring your last quarterly filings if you have them. We handle registration, the deposit schedule, and the parallel run.
Call 609-281-8096 or send the contact form. A partner reaches out within one business day.
Confidential, and handled by a CPA or EA, not a call center.
Most payroll problems do not start with the paychecks. They start with the deposits. The checks clear, everyone is paid, and the withheld taxes stay in the operating account a few days too long.
The IRS prices that delay in tiers: late federal deposits draw penalties of 2% to 15% depending on how late they are. New Jersey adds its own layer, with the NJ-927 quarterly report due by the 30th of the month after each quarter closes. Two calendars, one payroll. We take over both.
Scope of work
What our payroll services include
Seven services on one calendar we maintain.
Pay runs
Salaried and hourly teams, with direct deposit and pay stubs employees can access.
Federal deposits
Scheduling and remittance for withheld income tax, Social Security, and Medicare.
941 and 940
Quarterly and annual federal returns prepared and filed on the calendar we keep.
New Jersey filings
NJ-927 and WR-30 quarterly, plus the NJ-W-3 annual reconciliation.
Year-end forms
W-2s and 1099-NECs issued to workers and filed with the agencies.
New hire reporting
Plus worker classification guidance before someone goes on payroll the wrong way.
S corp officer payroll
Set up to align with the business tax return we prepare.
Everything above runs on one calendar we maintain, so a deadline never depends on someone in your office remembering it during a hiring week. Payroll entries are recorded alongside our bookkeeping services when we run both.
Compliance
Payroll compliance we handle
Payroll does not stop at the pay run. These five obligations arrive on their own schedule, and each is handled inside the same service at no separate engagement.
Workers’ compensation audits
Annual premium audits reconciled against actual payroll records, plus unemployment claim responses.
Court-ordered garnishments
Wage garnishments and support withholding set up, calculated within federal and New Jersey limits, and remitted with each run.
Benefit deferrals
401(k) and Section 125 deductions configured and remitted on schedule, with accrual tracking.
ACA reporting
Forms 1095-C and 1094-C prepared and filed for applicable large employers.
Multi-state payroll
Registration and filing in every state where you have employees, including New Jersey and Pennsylvania reciprocity.
If you are not sure whether an obligation applies to you, the answer usually depends on headcount, where employees physically work, and what your carrier already assumes. We check all three at setup.
Process
How payroll setup works
Mid-year switches are routine. Year-to-date figures transfer with you, so W-2s are complete.
Registration and schedule check
We confirm your federal and New Jersey employer accounts, then set your deposit schedule the way the IRS does: employers reporting $50,000 or less in the lookback period deposit monthly, and those above it deposit semiweekly. Most schedule errors trace to a growth year nobody rechecked.
Parallel run
Your first cycle with us is matched against the prior provider’s stubs to the penny, including year-to-date wages and withholding, before anything switches over.
Ongoing processing
Each run is processed, deposits go out on schedule, quarterly returns are filed, and year-end forms arrive without a December scramble.
Deposit schedule
Which federal deposit schedule you are on
The IRS sets the schedule from your lookback period, not from your preference. Most schedule errors trace to a growth year nobody rechecked.
Schedule A
Monthly depositor
$50,000 or less reported in the lookback period
- Deposit by the 15th of the month after each payday month.
- One deposit covers the whole month of pay runs.
The divider
Total tax reported in the lookback period
Schedule B
Semiweekly depositor
More than $50,000 reported in the lookback period
- Payday Wednesday, Thursday, or Friday: deposit by the following Wednesday.
- Payday Saturday through Tuesday: deposit by the following Friday.
The next-day rule overrides both. If accumulated tax reaches $100,000 on any single day, a bonus cycle or a final commission payout will do it, the deposit is due the next business day and you move to semiweekly for the rest of the year.
Diagnostics
Where payroll goes wrong
A deposit schedule set years ago and never revisited, still monthly after payroll doubled.
One large run, a bonus cycle or a final commission payout, that accumulates $100,000 in tax on a single day and triggers a next-business-day deposit nobody saw coming.
Withheld taxes used as short-term float. Those dollars are trust fund taxes, and the IRS can assess responsible individuals personally for 100% of the unpaid amount. The corporate shield does not cover this one.
New Jersey weekly-payer status missed: employers with $10,000 or more in prior-year withholding must remit by the Wednesday after each payday.
Quarterly Form 941 filings that never quite match the deposits, which is the exact mismatch that generates notices.
None of these feel urgent on the day. All are expensive by the time the letter arrives.
One firm
Payroll that matches the tax return
When the same office runs payroll and prepares the 1120-S, officer wages, health insurance add-backs, and retirement deferrals are reported on the W-2 correctly the first time. A large share of the amended business returns we take over trace back to a W-2 another provider built wrong. That alignment is why the payroll and the business tax return preparation belong with one firm.
Track record
What clients say after the switch
The reviews we value most are the uneventful ones: years of payroll, nothing to report.
Since 1993
30+ years in practice
3,054
Clients served
30,426
Returns completed
All 50
States licensed
“Been a client for over a decade now. I never worry about my companies handled.”
Pricing
What payroll services cost
Your fee depends on the work involved, not hours billed. Five things move it:
Headcount on payroll.
Pay frequency.
The states you employ in.
Contractor volume.
Year-end form counts.
Once we have seen your payroll we commit to a flat monthly amount in writing, filings included, so the price does not drift with every hire. Broader engagements run through our small business accounting and planning service.
Two numbers start the quote: employees on payroll and how often you pay them.
Send those over and we will come back with a flat monthly figure, filings included.
Call 609-281-8096 or send the contact form. A partner reaches out within one business day.
Confidential, and handled by a CPA or EA, not a call center.
Next step
Hand off the payroll calendar
If you run payroll yourself, it works until the one week you are slammed, and that is the week it costs you. Handing it off moves responsibility for the calendar to us. Your part becomes approving hours.
Book a payroll consultation
Bring your last quarterly filings if you have them. If you do not, that tells us something too.
Call 609-281-8096 or send the contact form. A partner reaches out within one business day.
Confidential, and handled by a CPA or EA, not a call center.
Reviewed by
George Dimov, CPA, Hainesport, NJ. Licensed in all 50 states, 15+ years advising on payroll and employment tax compliance. Last updated July 2026. President of Wasserman Accounting, CPAs, a Hainesport firm serving New Jersey, Pennsylvania, and clients nationwide since 1993.
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