CBO Accounting & Advisory Services provides a comprehensive payroll service that ensures accurate payments, full tax and labor compliance with the IRS and the State of Minnesota, and timely filing of all required reports. CBO manages your entire payroll process so you can focus on growing your business in Minneapolis, the Twin Cities, and other cities across Minnesota.
With our payroll service, you stay compliant, your employees are paid correctly, and your business operates with less risk.
At CBO, we handle your entire payroll process so you can focus on running your business. From calculating each paycheck to issuing year-end W-2 forms, we manage every detail with accuracy and on time.
A single payroll mistake can lead to costly IRS penalties, unhappy employees, or even labor disputes. That’s why many business owners in Minneapolis and the Twin Cities prefer to delegate this critical responsibility to professionals.
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Stop losing time on calculations, forms, and deadlines. CBO handles your payroll while you focus on growing your business in Minneapolis and the surrounding metro area.
Quickly review which federal (IRS) and state obligations you must meet: withholding, deposit schedules, Forms 941/940, UI tax, and new hire reporting.
Federal obligations (IRS):
State obligations (MN):
Regulations can vary depending on business size and industry, so we recommend a personalized consultation.
Need help with these requirements?
Our experts are ready to assist you today.
FAQs
If you have even one employee, you’re already required to comply with complex regulations. If you spend more than 5 hours per pay period processing payroll or you’ve received notices from the IRS, it’s time to consider a professional service.
We handle both without any problem. Employees receive W‑2s and contractors receive 1099‑NEC forms. Each is treated differently for tax purposes, and we manage both correctly according to IRS regulations.
Yes. We understand multi‑state regulations and can run payroll for employees in different locations outside of Minnesota.
We need your business information (EIN, address, banking details) and basic information for each employee (name, SSN, W‑4, address, salary or hourly rate). Contact us and we’ll guide you through each step.
Yes. We make the transition smooth and uninterrupted. We obtain the necessary historical records and set everything up so the change is seamless for your employees.
Yes. We can set up court‑ordered garnishment deductions, retirement plan contributions, insurance premiums, and other voluntary deductions.
If we manage your payroll, we support you with the required documentation and explanations for the IRS. We maintain all records required by law to make any review or audit easier.
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