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Payroll Services

Payroll Run Right and Payroll Taxes Filed, by the Team That Already Knows Your Business

Why have your financial planner run payroll

Payroll touches everything else in your finances.

Every payroll run is also a tax decision, a cash-flow decision, and for S-corp owners, a compliance decision. When the person running payroll is the same person who prepares your taxes, keeps your books, and builds your financial plan, those decisions get made together instead of in isolation.

Our payroll service manages and runs your payroll on Gusto and oversees your payroll tax filings, so you can stop thinking about pay dates, deposit deadlines, and quarterly forms.

The advantages

What you get when we run payroll

  • Payroll That Fits Your Tax Plan

    Your salary isn't just a number on a pay stub. It drives your income tax, your payroll tax, your retirement contribution limits, and for S-corp owners, how defensible your reasonable compensation is. Because we already do your planning and tax work, we set payroll with the whole picture in mind:

    • Annual reasonable salary recommendations for S-corp owners that balance tax savings with audit risk
    • Retirement contributions coordinated with your Solo 401(k), SEP IRA, or SIMPLE IRA
    • Withholding and estimated payments tuned so there are no surprises in April
    • Changes handled proactively when your income, entity, or goals shift

  • Payroll Tax Filings Overseen

    Payroll taxes are where small business owners most often get tripped up, and penalties for late deposits and missed filings add up fast. We oversee the full filing cycle:

    • Federal and state payroll tax deposits made on time
    • Quarterly and annual filings (Forms 941 and 940 and their state equivalents)
    • W-2s for every employee at year-end
    • Agency notices and questions handled with you, not dumped on you

  • One Set of Books, One Point of Contact

    When payroll, bookkeeping, and tax preparation live in the same place, nothing falls between the cracks:

    • Payroll flows straight into your books, categorized correctly every month
    • Year-end is already done because wages, taxes, and benefits are reconciled all year
    • No finger-pointing between a payroll vendor, a bookkeeper, and a tax preparer
    • One person to call who already knows your business

The platform

Built on Gusto.

We run your payroll on Gusto, a modern payroll platform built for small businesses. You get the software; we do the work of running it.

  • Automatic, On-Time Payroll

    Payroll runs on schedule with direct deposit, automatic tax calculations, and support for salaried and hourly employees, bonuses, reimbursements, and contractors.

  • Self-Service for Your Team

    Employees onboard themselves, sign their paperwork electronically, and find their pay stubs and W-2s in their own Gusto account, so you're not the one fielding requests.

  • Compliance Built In

    New-hire reporting, payroll tax support in every state, and integrations for benefits and workers' compensation, with everything documented for your records.

Pricing

Simple monthly pricing.

One flat monthly fee covers managing and running your payroll and overseeing your payroll tax filings, plus a one-time onboarding fee to get everything set up.

  • Solo business owner payroll

    Starting at $150 / month

    For an owner paying themselves through payroll, such as a single-owner S-corp.

    • Payroll set up and run on Gusto on your schedule
    • Owner salary set in coordination with your tax plan
    • Annual S-corp reasonable salary recommendations
    • Federal and state payroll tax deposits and filings overseen
    • Quarterly and annual payroll tax forms (941, 940, and state filings)
    • Year-end W-2 preparation
    • Payroll recorded in your books (for bookkeeping clients)
    • Ongoing support and answers to your payroll questions

  • Each additional employee

    $25 / month per employee
    • Employee onboarding and setup in Gusto
    • Direct deposit, pay stubs, and employee self-service
    • Payroll taxes and W-2s for each employee

  • Onboarding

    $300 one time

    A one-time fee when we set up your payroll.

    • Gusto account setup or migration from your current payroll provider
    • Federal and state payroll tax account registration and review
    • Owner and employee setup, pay schedules, and direct deposit
    • Prior payroll history entered so year-end forms are complete

Payroll is only available for Elevation Financial clients who have a financial planning and investment management engagement. It is not available as a standalone service.

Ready to hand off payroll?

Book a free consultation and we'll talk through your business, your team, and how payroll fits into your bigger financial picture.

Schedule a Consultationor call 317.207.0211