SlideShare a Scribd company logo
1 of 7
5 Tips for Setting
Up a New
Company’s Payroll
Start Your Payroll on
the Right Track
Tip #1
• Get an Employer
Identification
Number (EIN)
 Contact the IRS
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)
Tip #3
• Ensure Employee
Paperwork is
Complete
 Have Employees
Complete an I-9
and a W-4
Tip #4
• Choose a Pay Period. Common Types:
 Weekly
 Bi-Weekly
 Monthly
• Once Chosen it’s Difficult to Change
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
Calculate Your Payroll
Get Your Free Custom
Price Quote Today!
Easy. Online. SurePayroll.

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5 Tips on Setting Up a New Company on Payroll

  • 1. 5 Tips for Setting Up a New Company’s Payroll Start Your Payroll on the Right Track
  • 2. Tip #1 • Get an Employer Identification Number (EIN)  Contact the IRS
  • 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. Tip #3 • Ensure Employee Paperwork is Complete  Have Employees Complete an I-9 and a W-4
  • 5. Tip #4 • Choose a Pay Period. Common Types:  Weekly  Bi-Weekly  Monthly • Once Chosen it’s Difficult to Change
  • 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. Calculate Your Payroll Get Your Free Custom Price Quote Today! Easy. Online. SurePayroll.