Partnership Payroll

Partnership Payroll Services – Simplify K-1s & Guaranteed Payments

Running a partnership business means balancing multiple responsibilities, from managing clients to handling finances and ensuring all partners and employees are paid correctly. At Payroll Partners, we specialize in partnership payroll services designed for professional firms, multi-member LLCs, and businesses that need to be accurate and follow the rules every time they do accounting and payroll.

Whether you’re handling partner distributions payroll, processing employee wages, or managing complex tax filings, our team delivers quick, accurate, and fully compliant payroll solutions. Payroll Partners understands the unique needs of partnerships, where partners are not traditional employees but still require structured payment and proper tax reporting.

We are your local payroll specialist and provide the following:

Check processing and printing
Direct deposit
Pay cards
Pay-as-you-go worker's compensation insurance
401k reporting
Online employee self service
Time and attendance systems
HR Support

Prepare Payroll
Prepare Payroll Tax Returns
Electronically File and Pay Taxes (in most cases)
Upload Employer Reports to Employer Portal
Upload Employee Paychecks to Portal (optional service)
Prepare W-2's and upload to Employer Portal and Employee Portals (optional service)

Our Payroll Process

Employers

Employees

Tailored Payroll Solutions for Business Partnerships

Partnerships, including multi-member LLC payroll setups, have restrictions that are distinct from those for corporations or sole proprietors. Partners usually receive distributions or guaranteed payments instead of salaries, which means they have to follow the rules for self-employment tax partnership payroll requirements. Employees, however, must have regular payroll tax withholdings. Our payroll experts handle both sides of the equation. We ensure:

● Accurate calculation of partner draws and guaranteed payments.
● Proper withholding and filing of payroll tax for partnerships.

● Processing employee wages on time and following the law.
● Seamless year-end K-1 payroll reporting for partners and W-2 preparation for employees.
● We include benefits, overtime, and bonuses in our payroll runs.

Comprehensive Payroll, HR, Tax & Compliance Support

Managing payroll for partnerships isn’t just about issuing payments. You also have to follow federal, state, and sometimes even local rules. You can rest assured that Payroll Partners accurately records, reports, and files every transaction. We help your firm stay on track by:

● Filing all payroll taxes accurately and on time.
● Managing both employee payroll tax and self-employment tax partnership payroll requirements.
● We ensure that all partner distributions follow IRS and state compliance rules.
● We stay updated on changing regulations to help you avoid fines or audits.

If you’re based in Florida, our Florida partnership payroll services near me deliver local expertise combined with a national reach. Payroll Partners also supports partnerships operating across multiple states, ensuring that all of the payroll regulations in each state are met without requiring any additional action on your part.

Florida’s #1 Partnership Payroll Provider – Trusted Since 1961

Payroll Partners’ outsourced partnership payroll solution means you don’t need to hire in-house payroll professionals; our service helps you save money while still following the rules. You get all the benefits of a professional payroll department, without the overhead.

● Expertise in Partnerships: Payroll Partners specializes in payroll for LLC partnerships and professional firms.
● Complete Compliance: All payments, from partner draws to employee wages, are processed according to government tax laws and regulations.
● Local & Multi-State Support: Whether you need Florida partnership payroll services or your business operates across the country, we’ve got you covered.
● Solutions Made Just for You: Our customized payroll services adapt to your business size, structure, and growth plans.

IRS-Approved Partnership Payroll—No More Tax-Time Surprises

Year-end processing can be overwhelming for partnerships. There is no room for mistakes when preparing employee W-2 forms and partner K-1 reports. Payroll Partners makes it easy by checking all payroll data, filling out tax forms, and ensuring timely submissions. Our services include:

● Year-end summaries for both partners and employees.
● Partner K-1 form preparation and reporting.
● W-2 and 1099 processing (if applicable).
● Section 707(c) guaranteed payment processing.
● Automate self-employment tax calculations.
● Seamless integration with partnership accounting
● We provide audit-ready payroll records to ensure peace of mind.

From K-1s to Quarterly Taxes—We Handle It All

Whether you operate a small professional firm with a few employees or a large LLC partnership with multiple locations, our payroll systems grow with you. Payroll Partners offers cloud-based access to reports, employee portals for pay stubs and tax documents, and the ability to connect with time tracking and HR tools.

When it comes to payroll for LLC partnerships and professional firms, mistakes can be costly. Partner with Payroll Partners for accuracy, compliance, and efficiency you can trust. From handling partner distributions and payroll to managing tax filings, we make payroll stress-free so you can focus on growing your business.