Small businesses should generate key payroll reports regularly to ensure compliance and financial accuracy. These include the Payroll Summary Report, showing total wages, taxes, and deductions; the Tax Liability Report, detailing employer tax obligations; and the Overtime Report, tracking overtime hours worked. Additionally, the Employee Earnings Report is vital for tracking individual pay. Partnering with professionals from payroll service companies in Oklahoma City, OK helps automate and streamline these reports, reducing errors and saving time.
