Human Capital Management Made Easy – Outsource to Paychex and focus on running your business instead. Paychex is the preferred payroll provider of over 600,000 businesses in the U.S. The Paychex Flex platform provides a modular, end-to-end integrated platform for taking a new level of control over your workforce data. As your business needs change, Paychex Flex will change with you, with configurable options supported by an expert, flexible service. Paychex offers best-in-class solutions to best streamline your payroll and HR processes from hire to retire: recruiting and applicant tracking, hiring, and onboarding, online payroll processing, mobile applications, time and attendance, employee benefits including health insurance and 401(k) administration, human resources management, and more.
Easy Restaurant Payroll & Taxes: Make your restaurant payroll and tax processes easier with Paychex. We'll help pay your employees promptly and accurately, and comply with restaurant payroll tax requirements, with reports to help manage your business better.
How can Paychex help restaurant payrolls?
· Payroll Reports- Complete documentation of your restaurant payroll, including cash tips and charged tips.
· Shortfall Information- Signals when employee wages do not cover taxes or adjustments.
· Tip Sign-Off Report- Documents amount of tips reported by employees.
· Tip Allocation Reports- Show the calculations required by the IRS and fulfills the record keeping requirements of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA).
· FICA Tip Tax Credits — Make Your Restaurant Savings Rise - If your employees earn tips, you may be entitled to a tax credit for a portion of the FICA taxes you pay on those tips—potentially amounting to hundreds of dollars per employee each year. Paychex will review the FICA tax credit with you and compile the data you need to prepare for the FICA tax credit Form 8846.