Payroll Companies & Payroll Services in Monroe, OH

Overview

Abacus Accounting and Tax Service is an independent accounting and tax firm with an office on South Main Street in Monroe, Ohio, a town next to Middletown. Small businesses can use the firm for payroll, bookkeeping and tax preparation, either as separate services or combined into one bundle. Buyers comparing payroll providers will find a local firm where the people running the payroll also prepare the tax returns and keep the books.

Payroll Services

The firm runs payroll on the schedule each employer uses, whether that is weekly, every two weeks, once a month or once a quarter. Each payroll arrangement is set up around the client. Abacus produces the paychecks and works out the withholding and employer taxes.

It also sends the related payments, which can include tax and unemployment payments as well as health insurance and retirement plan contributions. Abacus prepares the required filings for staff on the payroll and for independent contractors paid as non-employees.

• Payroll on weekly, biweekly, monthly or quarterly cycles
• Paycheck creation and payroll tax calculation
• Payment of tax, unemployment, health insurance and retirement items
• Required filings for employees and non-employee contractors
• Billing in equal monthly or quarterly amounts

Pricing is quoted case by case. A business calls the office and gets a bid for its own situation. Clients can choose to pay in equal installments each month or each quarter, which keeps the cost predictable. One long-time payroll client says the firm turns things around quickly and is reliable. That client also says it values the team's knowledge of Ohio and local tax rules.

Tax and Bookkeeping Support

The firm has more than three decades of experience preparing tax returns. It handles federal, state and local work for individuals, businesses and nonprofit organizations. Services include personal returns, business returns (including returns for other states), amended returns, extensions and Ohio Commercial Activity Tax filings. The firm sets fees based on how complex each return is.

On the bookkeeping side, Abacus records income and expenses and prepares financial reports monthly, quarterly or yearly. It works in QuickBooks and can train business owners who want to handle some of the tasks themselves. The firm also says it has experience with IRS audit matters and offers general business consulting on financial planning for growth.

Background

Mark Garver, from the Garver Family Farms family in Monroe, founded the practice in 1978. He began doing bookkeeping for nearby farmers when he was 16, and that work soon led him into taxes.

Within about ten years he had opened the practice to a wider group of clients and become an Enrolled Agent, a credential that allows him to represent taxpayers before the IRS. His farming background shaped the firm's focus on small businesses and its habit of explaining obligations in plain terms.

For employers in and around Middletown, Abacus offers payroll, tax and bookkeeping from one local office. Clients can share documents through an online portal. Office hours run longer during the winter and spring filing season, and evening and Saturday appointments are available then.