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Payroll Services for Small Businesses in Florida

We handle your complete payroll: salary calculations, tax withholding, direct deposit, and all federal and state filings. You focus on your business — we handle the paperwork.

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Managing your business payroll doesn't have to be a headache. Hispanic Financial offers complete payroll processing services for small and medium businesses in Coral Springs and throughout South Florida. We calculate wages, withhold and remit taxes, prepare all federal forms (941, 940, W-2, W-3), handle direct deposit for your employees, and keep you in full compliance with the IRS and the Florida Department of Revenue — all in English or Spanish, whichever you prefer.

What's Included

  • Salary, overtime, and employee deduction calculations
  • Federal and state tax withholding calculation and remittance (federal income tax, Social Security, Medicare)
  • Direct deposit processing to employee accounts
  • Form 941 preparation and filing (quarterly)
  • Form 940 preparation and filing (FUTA — annual)
  • W-2 preparation for employees and W-3 for the IRS at year-end
  • New hire reporting to the State of Florida
  • Florida Reemployment Tax management (RT-6)
  • Integration with your accounting system or QuickBooks

Why Choose Hispanic Financial?

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Save Time

Stop worrying about calculations, deadlines, and forms. We handle everything so you can focus on growing your business.

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Full Compliance

Payroll errors are costly. We guarantee compliance with the IRS, the Department of Labor, and Florida state regulations.

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Bilingual Service

We serve Hispanic business owners in Spanish. We explain every detail of your payroll and handle any IRS issues in the language you prefer.

Frequently Asked Questions

How often do I need to file payroll forms?+
Form 941 (for employers who withhold federal taxes) is filed quarterly: April 30, July 31, October 31, and January 31. Form 940 (FUTA) is filed annually by January 31. Tax deposits may be required weekly or monthly depending on your payroll size.
What happens if I miss a payroll filing deadline?+
IRS penalties for late 941 and 940 filings can range from 2% to 15% of taxes owed, plus interest. Florida also applies separate penalties for the Reemployment Tax. We manage all deadlines so you're never late.
Can you handle payroll for a business with employees in multiple states?+
Yes. We can process payroll for businesses with employees in Florida and other states. Each state has its own payroll regulations, and we handle compliance in each jurisdiction.
What's the difference between an employee (W-2) and a contractor (1099)?+
A W-2 employee works under your direction and control — you must withhold taxes and pay the employer portion of Social Security and Medicare. A 1099 contractor is independent — no tax withholding, but you must report payments over $600/year on Form 1099-NEC. Misclassifying an employee as a contractor can result in significant IRS penalties.
Do you offer payroll setup for newly formed businesses?+
Yes. We help new businesses set up their payroll system from scratch: obtaining the EIN, registering as an employer with the State of Florida, configuring correct withholdings, and processing the first payroll run. We also integrate with QuickBooks if you already use it.

Ready to simplify your payroll?

Contact us for a free consultation. We'll show you how we can handle your entire payroll in English or Spanish and keep you in full compliance.

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20+

Years Experience

1,500+

Satisfied Clients

99%

Satisfaction Rate

Coral Springs, FL 33067

(954) 464-5458

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