Payroll
Recent Questions
How accurate are payroll systems compared to manual payroll?
I’m planning on launching my business in the next year, and I have been seeking out the best methods for my company to ensure that it runs smoothly. I’ve read about payroll systems and how many business operations are being automated, but I believe the human eye is better in some instances, especially with all these new technological advancements. There are bound to be some inconsistencies.Asked a year ago
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Do I need to know all my employees' info for the first payroll schedule?
I am setting up payroll for the first time, and it has been a challenging experience for me. I have gone through most of the required steps and registered as an employer in order to be prepared for the first payroll period. If this is my first time administering payroll, do I need to know all of the employees' information to be compliant?Asked a year ago
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Why do I have to check the non-exempt workers' hours?
I am preparing to run my first payroll. I want to hire employees for my construction business. The company is still growing, and I have to hire a few hourly employees and some salaried employees to stay within budget for the first few months. All my employees will have set work hours regardless. Do I really have to check all the non-exempt workers' hours for the pay period?Asked a year ago
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What steps should I consider when picking a payroll date?
I run a startup company, and I have decided to hire employees since the business is growing. I have also started setting up my payroll system, and now my current challenge is how I should set up the company's payroll schedule. Can I just pick any pay period for my employees, or are there any specific regulations?Asked a year ago
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Should I do payroll in-house or should I outsource payroll services?
I am setting up payroll for my small business, and I can’t do the payroll myself because I have other business responsibilities that need my attention the majority of the time. I am also on a tight budget since this is my first time administering payroll, so I’m unsure if I should do payroll myself or if outsourcing a payroll service would be a great idea. I heard payroll service providers tend to be quite expensive.Asked a year ago
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How does classifying your employees affect payroll?
I have started the process of becoming an employer and I have all my team members' information and documents. I don’t see why I need to classify whether my employees are independent contractors or employees; it’s obvious. I have their bank details, I know how much I’m paying everyone, and my business is still fairly new, so I know everyone's employee status. Asked a year ago
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What type of payroll schedule should I use for my business?
I’m fairly new to payroll process management, but I know every business, no matter the size, should run its payroll in a professional manner. I have just submitted all the required documents for payroll and my employment. The only thing that I’m currently struggling with is the payroll schedule. I don’t know which payment schedule to use for my business.Asked a year ago
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Which forms do employees fill out before I run my first payroll?
I run a small business, and I am planning on bringing in a few people aboard as my business is doing well, and I now need a workforce to keep it running smoothly. I am establishing my business payroll process, and I know good payroll management is key to ensuring employees are paid accurately and on time. However, I’m unsure which documents they need to fill out before payroll at the end of the pay period.Asked a year ago
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What elements are included in a business's payroll policy?
I am drawing up a payroll process for my business. I want to make sure I do not miss any regulations or requirements. I’m not familiar with some of the laws for payroll policies, but I want to avoid any unwanted penalties. Can someone please advise me on the main things I need to include in my business payroll policy? Asked a year ago
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Do I register with the EFTPS if I am going to use payroll software?
I want to start hiring some employees, but that means I need to prepare to process payroll for my future employees. I’m stuck between doing payroll myself and getting payroll software, and all the regulations I have to adhere to are a bit confusing. Do I have to register with the Electronic Federal Tax Payment System (EFTPS) if I outsource or automate my payroll management?Asked a year ago
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