How do I set up payroll for a small business and keep it affordable?
How do I set up payroll for a small business and keep it affordable?
I have a small business and I am ready to hire one or two employees. I want to know the best way to establish and manage payroll on a tight budget. I am kind of a do it yourselfer but I want to make sure it’s done right and with not a lot of hassel. Any advice?
August 7th, 2010 at 2:58 pm
You set up your payroll by getting a commercial bank account with your business name and address, then you hire a bookkeeper to figure out the hours worked and amounts to be paid to the government for taxes, for each employee. (you’ll need an IEN)
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August 7th, 2010 at 3:29 pm
There are dozens of laws governing employee compensation. If you don’t want to run afoul of various government agencies, you have to be well organized and stay up-to-date. You can create paychecks online. Online payroll is the modern way to do payroll. I can also suggest you a website- An awesome site for all those who are into one or the other business. Check out http://www.fintel.us/
August 7th, 2010 at 4:27 pm
Hi there – I work at Intuit and we offer a few different payroll options, including online payroll which has a 30-day Free Trial: http://payroll.intuit.com/payroll_services/online_payroll.jsp
Hope this helps! Let me know if you have any questions.
Thanks,
Chris
August 9th, 2010 at 10:49 am
Hello,
I am an employee of SurePayroll, a leading online payroll service. Our award winning service is quick and easy to use and was made for a small business owner like you. We do everything to keep it as affordable for you as we can.
For more info I encourage you to read more at http://www.surepayroll.com/product/payroll/
Thanks and may your business continue to grow!