Monocacy Wealth Management
Payroll Services
Back office tasks like payroll aren't just tedious—they're distracting and keep business owners from focusing on their core competencies. This is where the payroll experts at Faragalla and Associates shine. We eliminate common time-consuming payroll tasks, giving you the freedom to grow your business instead of drowning in paperwork.
Financial Clarity Begins Here
Ready to transform financial uncertainty into financial clarity? It all begins with a simple phone call.
(301) 360-9500We Streamline Small-Business Payroll
By entrusting your payroll to our experienced professionals, you free up significant time for yourself and your team. This allows you to focus on what truly matters—growing your business. No more spending hours each month on complex calculations and paperwork.
Our payroll specialists eliminate these common issues by:
Streamlining Payment Processing
Put that paper and ink order on pause. We'll set you up with direct deposit and electronic fund transfers, ensuring your employees are paid accurately and on time. The end result? No more paper checks and far less administrative burden.
Maintaining Tax Compliance
The only constant is change—and that certainly applies to industry regulations. Whether you're a government contractor, healthcare provider, realtor, or building cutting-edge tech, we keep you audit-ready all year, every year.
Providing Detailed Reporting
Drowning in payroll data? We'll throw you a lifeline, giving you a clear picture of your labor costs—the tools you need to spot trends, plan budgets, and make informed decisions about staffing and overtime. Our customizable reports provide insights that drive your business forward.
Simplifying Year-End Taxes
With our experts on your side, tax season becomes far less daunting. We'll process your W-2s, W-3s, and 1099 forms accurately and on time. This ensures your employees have what they need while keeping you in good standing with the IRS.
Coordinating Third-Party Payments
Need help managing benefits, garnishments, or other deductions? Consider it done. We manage payments for health insurance, retirement plans, child support, and other third-party obligations, ensuring your commitments are met, errors are eliminated, and money is saved.
Why Business Outsource Payroll Services
By entrusting your payroll to our experienced professionals, you free up significant time for yourself and your team. This allows you to focus on what truly matters—-growing your business. No more spending hours each month on complex calculations and paperwork.
Here’s why businesses choose to outsource their payroll services to us:
It Saves Time
Spending money to save money sounds counterintuitive. But 30 years of experience have shown us that outsourcing payroll often leads to substantial cost savings over time.
It Keeps You Secure
Protecting sensitive employee data is critical. Our state-of-the-art systems provide robust security measures—all of the preventative tools many small businesses cannot afford.
It Keeps Your Current
When you partner with us, you gain access to a team of payroll experts. They not only understand your complex industry, but they also leverage the best software to help you make more informed business decisions.
It’s Empowering
Numbers are our business. People are our passion. We are committed to empowering you by forging a long-term partnership built on trust, respect, and open communication.
Financial Planning
Financial success demands hard work. But it also requires strategic planning and guidance from experts who understand your financial situation and goals. This is where our sister company Monocacy Wealth Management excels.
Whether you need help updating your tax strategies, rebalancing your portfolio, or anything in between, we’re here with you every step of the way.
Real Reviews, Real Success
Unique Solutions for Unique Industries
Government Contracting
From budgeting and forecasting to CFO services and data management, we ensure you're audit-ready and positioned for success. Our team offers specialized accounting services designed to meet the unique needs of government contractors.
Healthcare
Let us focus on the numbers so you can do what you do best: deliver exceptional patient care. From revenue cycle management and regulatory compliance to payroll processing and budget analysis, we provide comprehensive financial solutions tailored to the healthcare industry.
Real Estate
Your industry is as fast-paced as it is unpredictable. Let us give you the financial certainty you need to not only survive inflation, low inventory, and rising interest rates but thrive in any market condition.
Technology
Whether you need help with cash flow and equity dilution planning, require budget forecasting, or need data-driven insights to scale your business, we can help. With over 30 years of experience, we know what it takes to meet the tech industry's rapidly evolving needs.
Meet Your Financial Partners
We founded Faragalla and Associates in 1991 because we saw a major industry gap—too many accounting firms were leaving clients feeling overwhelmed and underserved.
We made a vow to change this by prioritizing personalized attention and clear communication at every step.
Learn more about our founding principles and the client-focused approach that has made us stand out for over 30 years.
Financial Insights: Our Blog
Transform Your Financial Uncertainty into Opportunity
Living in the financial dark means missed opportunities, unnecessary stress, and an uncertain future. Our team will give you the timely and actionable financial data you need to make informed decisions, drive business and personal growth, and secure your financial future. Contact us now for a free discovery call!
