The Problem We Solve

What problem this service addresses

Payroll taxes are deceptively simple until something goes wrong. Late federal deposits incur 10% to 15% penalties. State withholding obligations trigger in any state where employees work, including remote employees. Misclassified contractors who should be W-2 employees generate back payroll tax, penalties, and personal liability for responsible parties under the Trust Fund Recovery Penalty. Most generalist accountants do not own payroll deeply enough to prevent these errors.

Why Trust Troy Accounting

How we approach payroll tax compliance

  • Full-service payroll processing including direct deposit and pay-stub delivery
  • Federal Form 941 quarterly and Form 940 annual filings
  • Multi-state withholding registration and quarterly state filings
  • State unemployment (SUI) registration and reporting
  • W-2 and W-3 annual preparation and distribution
  • Worker classification analysis under IRS 20-factor and economic-realities tests
  • Trust Fund Recovery Penalty defense
  • Payroll system implementation: Gusto, ADP, Paychex, Rippling

Our approach is documented in our client success methodology and our editorial standards. We are not a CPA firm; for engagements requiring CPA attestation we coordinate with our licensed CPA partner network. We do not exaggerate credentials or results.

What Happens Next

The process from inquiry to ongoing work

01

Discovery & Setup

We review your existing payroll setup, identify any registration gaps, and confirm employee classification. Where the existing payroll system is appropriate we connect to it; where not we recommend a replacement.

02

Multi-State Compliance

For employers with employees in multiple states we register where required, set up state withholding, and confirm SUI account status.

03

Ongoing Processing

Payroll runs on the schedule you set. We handle direct deposit, tax deposits, and ongoing compliance.

04

Quarterly & Annual

Quarterly 941 and SUI filings; annual 940, W-2, W-3, and state annual reconciliations.

Common Questions

FAQ

Can you take over an existing payroll?

Yes. We can keep your current payroll provider (Gusto, ADP, Paychex, Rippling) and take over administration, or transition to a different provider if that is the better fit.

What about remote employees in multiple states?

Each state where an employee physically performs work creates a withholding obligation in that state. We register where required and handle ongoing multi-state filings.

Are contractors really 1099 or W-2?

We run the IRS 20-factor analysis with written documentation for each contractor at higher classification risk. Misclassification is the most common cause of payroll tax exposure in small businesses.

Can you defend a Trust Fund Recovery Penalty assertion?

Yes. We represent responsible parties (officers, owners) facing TFRP assertions and challenge them where the facts support a defense.

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