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5 Tips on Setting Up a New Company on Payroll


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If you're in the process of getting your business up and running it's important to pay attention to the details. Setting up payroll for your company is one such detail. Here are some tips to setting up payroll.

Published in: Economy & Finance
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5 Tips on Setting Up a New Company on Payroll

  1. 1. 5 Tips for Setting Up a New Company’s Payroll Start Your Payroll on the Right Track
  2. 2. Tip #1 • Get an Employer Identification Number (EIN)  Contact the IRS
  3. 3. Tip #2 • Check State and Local Tax Laws  Some Require an ID to Process Taxes  Ask About Local Taxes  Know Your Tax Rate for State Unemployment Insurance (SUI)
  4. 4. Tip #3 • Ensure Employee Paperwork is Complete  Have Employees Complete an I-9 and a W-4
  5. 5. Tip #4 • Choose a Pay Period. Common Types:  Weekly  Bi-Weekly  Monthly • Once Chosen it’s Difficult to Change
  6. 6. Tip #5 • Consider a Payroll Provider. Here’s Why:  Payroll Taxes are Complicated  Calculating Payroll Takes Time  Mistakes can be Costly  Payroll is Probably Not Your Specialty  Focus on Growing Your Business
  7. 7. Calculate Your Payroll Get Your Free Custom Price Quote Today! Easy. Online. SurePayroll.