PAYROLL

BRETT GOLDSTEIN

516-346-2999

CALL 516-346-2999 TO SPEAK WITH BRETT GOLDSTEIN

As we all know, managing payroll can be a time-consuming and complex task for any business. To streamline your payroll process and ensure accurate and :mely payments to your employees, finding the right payroll company is crucial. Here are some key consideratons that will help you make an informed decision when choosing a payroll partner.

Comprehensive Services: Look for a payroll company that offers a wide range of services beyond just payroll processing. Consider additional features such as employee benefits administration, 401k administration, health insurance support, and HR support. A comprehensive solution will ensure all aspects of your payroll are efficiently managed in one place.

Customer Support: Payroll issues and employee benefit issues can arise unexpectedly, and you need a reliable support team to assist you promptly. Look for a company that provides dedicated customer support and is reachable through various channels, such as phone, email, or chat. Look for a company that wont make you wait on hold for hours and hours. Also look for a company that can get back to you within 24-48 hours on any question you have.

function calculate401k() { const currentAge = parseInt(document.getElementById('currentAge').value); const retirementAge = parseInt(document.getElementById('retirementAge').value); const annualSalary = parseFloat(document.getElementById('annualSalary').value); const contributionRate = parseFloat(document.getElementById('contributionRate').value) / 100; const employerMatch = parseFloat(document.getElementById('employerMatch').value) || 0; const currentBalance = parseFloat(document.getElementById('currentBalance').value) || 0; const expectedReturn = parseFloat(document.getElementById('expectedReturn').value) / 100; const salaryIncrease = parseFloat(document.getElementById('salaryIncrease').value) / 100; const inflationRate = parseFloat(document.getElementById('inflationRate').value) / 100; if (isNaN(currentAge) || isNaN(retirementAge) || isNaN(annualSalary) || isNaN(contributionRate) || isNaN(expectedReturn)) { document.getElementById('result').innerHTML = "

Please fill out all required fields correctly.

"; return; } const yearsToRetirement = retirementAge - currentAge; let totalContribution = currentBalance; for (let year = 0; year < yearsToRetirement; year++) { const yearlyContribution = (annualSalary * Math.pow(1 + salaryIncrease, year)) * contributionRate + employerMatch; totalContribution += yearlyContribution; totalContribution *= (1 + expectedReturn); } const realValueAtRetirement = totalContribution / Math.pow(1 + inflationRate, yearsToRetirement); document.getElementById('result').innerHTML = `

Your estimated total balance at retirement is $${totalContribution.toFixed(2)}.

Adjusted for inflation, the estimated value is $${realValueAtRetirement.toFixed(2)}.

`; }