Payroll Companies & Payroll Services in Waterford, CT

Mikasa Financial Services is a Waterford, Connecticut firm that has been operating since 2005. It presents itself as an outsourced financial department for households, contractors and small businesses throughout the state. Tax preparation is its most visible line of work. The company also runs a business accounting practice that includes payroll processing, so owners can rely on one provider for wage administration, bookkeeping and filings.

Payroll and business accounting

For employers, the firm handles payroll together with staff administration. Paychecks and employee matters are managed in the same office that keeps the company's books. Its monthly business support can combine:

• Payroll processing and oversight of employee-related tasks
• Ongoing monthly bookkeeping
• Profit and loss statements and balance sheets
• QuickBooks configuration for new or reorganized books
• Quarterly tax filings

The same team also prepares business returns for sole proprietors, LLCs, S corporations and C corporations. It handles multi-state situations that pair Connecticut with New York, Massachusetts or Rhode Island. As a result, payroll clients can keep their year-round records and their annual filings with a single provider. Owners who need to protect their workforce and operations can also arrange workers' compensation, general liability and commercial vehicle coverage through the firm's insurance division.

Who they serve

Mikasa concentrates on trades and service businesses, including contractors, construction and landscaping crews, cleaning companies, restaurants, mechanics and transportation operators. The firm observes that many of these owners are paid through a blend of cash, checks, payment apps and 1099 work.

It builds its approach around organizing that kind of mixed income and backing it with documentation that can hold up if the IRS raises questions. Every service is offered in both English and Spanish, and the whole staff is bilingual. This makes the firm a practical choice for Spanish-speaking employers and their workers.

Credentials and background

The IRS has authorized the firm as a Certified Acceptance Agent. This lets it verify identity documents in person for ITIN applications, so clients do not have to mail their passports away. Beyond accounting, it offers IRS debt resolution, including installment agreements, offers in compromise, penalty abatement and levy releases.

It also provides notary services, certified Spanish-English translation, DMV assistance and real estate advisory. The website reports that roughly 1,540 Connecticut families and businesses used the firm during 2024. It also states that the firm will cover penalties that result from its own mistakes on tax work.

Clients work with the firm through its main office in Waterford, which serves customers across Connecticut. Appointments can be booked at the office, and hours include Saturdays. The firm also offers a free initial tax consultation. For buyers comparing payroll providers, Mikasa is best suited to small, owner-run companies, particularly in the trades. It fits owners who want payroll bundled with bookkeeping, tax work and insurance from a bilingual local team rather than a standalone payroll platform.