Do I need to know all my employees' info for the first payroll schedule?
Asked a year ago
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?
Thursday, August 18, 2022
Yes, you'll want to make sure that you have gathered all your employees' information. As an employer, you're responsible for remitting employee and employer taxes, as well as providing reports to your employees and the government after the end of the year. You'll need to make sure that all that information is accurate - and that starts with obtaining employee data.
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