CFO Advisory Services
Payroll Management
Managing payroll can be a time-consuming endeavor, especially when dealing with various pay structures, tax withholdings, and employee benefits. Our Payroll Management service is designed to keep your processes compliant, efficient, and transparent, helping you avoid costly errors and ensuring your team or clients’ employees are paid accurately and on time.
Services in Scope
Payroll Data Collection & Validation
Gathering and validating timesheets, compensation changes, bonuses, and deductions.
Payroll Processing Support
Processing payroll through client-preferred platforms (e.g., Gusto, ADP, Paychex, etc.). Includes gross-to-net calculations, tax withholdings, and direct deposit initiation support.
Paystub & Report Generation
Preparing paystubs, summary reports, and payroll registers for employer and employee records.
Payroll Tax Filing Support
Assisting with preparation of payroll tax filings including 941, 940, and state returns. We reconcile tax liabilities and prepare filings for CPA review and submission.
Year-End Support (W-2s & 1099s)
Compiling year-end payroll data and preparing draft W-2s and 1099s for review. Includes employee summaries, adjustments, and formatting for bulk uploads.
Payroll Reconciliation & Audit Support
Monthly reconciliation of payroll ledgers, tax accounts, and benefit deductions.
Our Tax Preparation Process
Payroll Calculation and Processing
We cross-verify hours and wage rates beyond software outputs, ensuring every paycheck is accurately finalized.
Federal, State, and Local Tax Withholding
Our team reviews each tax rate update, confirming deductions align with the correct jurisdiction and employee details.
Benefits and Deductions Management
We oversee plan entries and manually confirm each change to guarantee premiums and contributions stay precise.
Pay Stub and Direct Deposit Setup
All pay stubs are checked line by line before scheduling direct deposits, reinforcing both clarity and timeliness.
Payroll Compliance Checks and Filings
We personally review all filings and confirm data integrity so you meet every reporting deadline without errors.
About Ethereal Advisors
Founders Note
It is our belief that efficient payroll management fosters trust within any organization. We designed our service to lessen that load, while giving you final oversight to maintain professional integrity. Our goal is to help you run effortless payroll cycles and uphold your reputation for precision.
10+
Years Experience
50+
CPA Partners
100%
Satisfaction
Why choose us
Hands-On Oversight Beyond Software
A client had employees clocking inconsistent hours due to a software glitch. We performed a line-by-line review of timesheets and pay rates, ensuring no one was over- or underpaid—ultimately resolving what would’ve been thousands in miscalculated wages.
Seamless Seasonal Staffing Adjustments
When a firm doubled its workforce during peak tax season, we scaled our support immediately. Overtime calculations, additional benefits, and extra tax forms were all handled without any disruption in pay.
Rapid-Response Support for Critical Changes
One CPA client discovered a misclassification the day before payroll was due. We worked late hours to fix entries and re-run reports in a single evening, sparing them the headache of amended filings and unhappy employees.
Frequently Asked Questions
Do you handle filings for multiple states?
What if an employee dispute arises regarding pay?
Will you manage year-end tax documents?
Do you manage seasonal or fluctuating workforce needs?
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