How quickly can you start processing payroll?

Typically 1-2 weeks after receiving employee info and verifying tax registrations.

Can employees access pay stubs online?

Yes. Employee portals provide access to pay stubs and W-2s.

Payroll Services NJ | Outsourcing for Small Businesses

Q: Do you handle direct deposit?

Yes, direct deposit is standard. Paper checks available if needed.

Q: What if we have past payroll problems?

We resolve unfiled returns, incorrect filings, and IRS/state correspondence.

Payroll Services That Eliminate Compliance Headaches

Payroll is one of the most error-prone and penalty-heavy areas of business finance. Late deposits, incorrect withholding, and missed filings can trigger Trust Fund Recovery Penalties—where the IRS can hold a business owner personally liable for unpaid payroll taxes at 100% of the amount owed.

At Monaco CPA, we handle payroll processing with the precision and compliance focus it demands. Based in Livingston, NJ and serving businesses nationwide, we make payroll one less thing to worry about.

The Risk of Getting Payroll Wrong

Payroll errors aren't just inconvenient—they're expensive and can result in personal liability:

Trust Fund Recovery Penalty: Personal liability for 100% of unpaid employment taxes
Failure to Deposit Penalties: 2% to 15% of unpaid taxes depending on how late
Failure to File Penalties: Up to 25% of unpaid tax for Form 941 failures
Interest: Compounds daily on all unpaid balances
Employee Issues: Incorrect W-2s, withholding problems, and morale impacts

These consequences make professional payroll management a genuine business protection, not just a convenience.

Our Payroll Services

Payroll Processing

We handle the complete payroll cycle:

Calculate gross pay from hours, salaries, commissions, bonuses
Apply all required deductions (federal tax, state tax, Social Security, Medicare, local taxes)
Process voluntary deductions (401k, health insurance, HSA, garnishments)
Calculate employer-side taxes (FICA match, FUTA, SUTA)
Generate paychecks or direct deposit files
Deliver pay stubs to employees electronically

We process payroll on your schedule—weekly, bi-weekly, semi-monthly, or monthly.

Tax Deposits and Filings

We ensure timely compliance with all payroll tax obligations:

Federal Deposits: Timely 941 deposits per your deposit schedule (semi-weekly or monthly)
State Deposits: Withholding and unemployment taxes per state requirements
Form 941: Quarterly federal payroll tax returns
Form 940: Annual federal unemployment tax return
State Quarterly Returns: All applicable state filings
Year-End Forms: W-2s for employees, W-3 transmittal to SSA

New Jersey Payroll Specifics (2026)

NJ employers face specific requirements. The following rates are effective January 1, 2026:

TDI Employer Wage Base: $44,800 (up from $43,300 in 2025)
FLI Employee Rate: 0.23% (down from 0.33% in 2025)
FLI Employee Wage Base: $171,100 (up from $165,400 in 2025)
FLI Max Employee Cost: $393.53 (down from $545.82 in 2025)
Max Weekly FLI Benefit: $1,119 (up from $1,081 in 2025)

Additional NJ requirements we handle:

NJ Gross Income Tax withholding
NJ Unemployment Insurance (UI) and Disability Insurance (DI) contributions
NJ Family Leave Insurance (FLI) withholding
Quarterly wage reporting (Form WR-30)
Various local tax requirements in some jurisdictions

Multi-State Payroll

Remote workers across state lines? We manage multi-state complexity:

Determine proper state withholding based on work location
Register for state unemployment accounts as needed
File returns in all applicable states
Track varying state requirements (local taxes, disability programs, etc.)

No Contracts or Obligations

At Monaco CPA, we believe that exceptional payroll services should speak for themselves—no contracts or long-term obligations required. As a small business owner in New Jersey, you deserve the flexibility to choose a payroll partner that truly understands your needs and adapts as your business evolves.

FAQs: Payroll Services

How quickly can you start processing our payroll?

We can typically be processing within 1-2 weeks, depending on how quickly we receive employee information and verify tax registrations.

Do you handle direct deposit?

Yes, direct deposit is standard. We can also accommodate paper checks if needed.

What if we have payroll problems from the past?

We can help resolve past issues including unfiled returns, incorrect filings, and IRS/state correspondence.

Can employees access their pay stubs online?

Yes, employee self-service portals provide access to pay stubs, W-2s, and other documents.

Get Payroll Off Your Plate

Stop worrying about payroll compliance. Schedule a consultation to discuss your payroll needs.

Phone: (862) 320-9554

Email: Greg@MonacoCPA.CPA

Website: www.MonacoCPA.cpa