Denver Business Daily - Payroll Knowledge Base

Payroll Knowledge Base

How do a run payroll with no software and having never run payroll before? I find myself in the unenviable position of having to run payroll, this afternoon, for all my employees. I have never run payroll before, nor do I have access to any software that runs payroll. I have a theoretical understanding of taxes and withholdings, but that is all. I know it is possible to run payroll without software, but googling leads me only to advertisements for payroll software. I really need a set of step by step instructions. I am in Colorado, which I am sure makes some kind of difference.

What is the difference between payroll software and a payroll service? What is the difference between payroll software and a payroll service? Im a business studies student and wondered whether the only difference is that a payroll service is internet-based? Or is there more to it? Is this the case for all payroll services? Any advantages and disadvantages of each type of payroll managing method would be very helpful. Thank you.

Can I do payroll from Quickbooks Professional? What's the difference between that and Quickbooks Payroll? It seems that the professional edition has everything you need to do payroll - am I wrong? Also, on additional note, do I need any other Quicken software other then professional services for a law firm?

How do I process payroll when people are paid a retainer to be reimbursed when they earn a commission? Help? How do I process payroll when people are paid a retainer to be reimbursed when they earn a commission? Help? I am bookkeeping for a travel agent (my first one) and am wondering on the best way to process payroll in MYOB when the sales staff are paid a wage (retainer I suppose) each week which is to be paid back when they sell a house and earn their commission. Would you do an advance? There must be a better way. Any advice much appreciated.

What is the difference between an income tax and a payroll tax? What is the difference between an income tax and a payroll tax? A. Income taxes reduce the demand for harmful goods while payroll taxes don't affect this demand. B. Income taxes are collected based on income while payroll taxes are collected based on wealth. C. Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs. D. Income taxes increase the purchasing power of the government while payroll taxes increase the purchasing power of workers.

What is the best payroll software program to use for a small company? What is the best payroll software program to use for a small company? Hi Friends, I would like something that would take care of payroll, taxes, etc. for a company with no more than 15 employees max. Thanks!

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?

What should a payroll adminstrator do if the SS number reported in the W2 is erroneous? Our payroll administrator made a mistake in encoding the SS# of an employee. Which agencies should he report to correct this mistake?

How do to payroll for a small business in Florida? Need answers from accountants or payroll professionals please. I don't need to know any tax rates. I should have the following deductions: Social Security Medicare Federal Tax Federal Unemployment State Unemployment (SUI) Is this correct????? How often do I send a liability check to the State and Federal??? Monthly for each??? What tax forms do I have to fill out and when?? Thanks, any help is appreciated.

Do you pay payroll taxes to partners in a California LLC? There are four partners who work and all own a share of our California LLC. Do we pay taxes to the EDD for Payroll, or do we pay Self-Employment taxes at the end of the year, or do we do both? Note: The four partners are the only employees of the LLC.

How do I get an Unclaimed payroll check From Walmart in Indiana? How do I get an Unclaimed payroll check From Walmart in Indiana? I have been trying to call the payroll hotline and they can never recieve my calls or I have been put on hold for over 45 min and was disconnected! Is there a way I can do it from the computer?

Would working at a payroll company help me find a job in finance in the future? I do a little accounting and everything else for this payroll company. Will I have a better chance at landing a job compared to working as a teller? Or is being a teller better? I'm planning on applying for a finance position in May after I receive my degree in finance. Thanks!

Would working at a payroll company be good enough job experience when applying to become a financial analyst? I want to work at this payroll company for at least a year first, but I'm not sure if it'll be good enough experience to apply for a financial analyst position. I'll be getting my Finance degree soon and it's been 8 months since I've been working there. Any advice would be very appreciated.

Who is a great payroll service company located i nthe US that is not expensive? I heard that ADP is very expensive so I am looking for another payroll service that is affordable. Not including myself there will be 9 people I will hire for my business.

What exactly is a "payroll debit card", and how does it work? I was just hired by the county for a clerical position and since I dont have my own bank account (im 16), they gave me option Bm which is a payroll debit card which is supposed to arrive in the mail in 2 weeks. What will i be able to do with this new card? How does it work? Thanks! :)

Taxable earnings: How is that reported on the payroll? What are the numbers that are shown on the payroll regi The payroll register shows the earnings of employees for the time period. How will the employer record the different amounts and what is his responsibility in employers taxes? If the pay period is number 20, how do I record the taxable earnings for FUTA & SUTA? I really do not understand the 5.4% that is required to be distracted. What is the amount for SUTA in this case? What employees are required to pay all this? Please, heeeeeeeeeeeelllppp!!!!!!!!!

How do you do your own payroll? I need to know how to go about acquiring the right info so I can start taking taxes out of my paycheck. We were with a payroll company buit canceled the service and now it is my job to figure it out.

How does a large company forecast payroll expenses like SUTA and FUTA? These seem like very complex models that a company would have to build. How would a large company of many thousands of employees predict this where there are employees in almost every state and, each state has a different rate and each state has it's own cap rate. It seems like it would be possible if the payroll tax didn't cap when wages hit a certain amount. Any ideas? Looking to predict month to month. It may be easy to forecast all together over the year, but what about on a month to month basis?

Who can do Payroll in a small UK based Business? Ok a friend of mine asked me to post this up for him (totally computer illiterate). He is planning on taking on some staff in the next few months that will be required to have PAYE payroll run for them, he would prefer to ask someone he knows to do the Payroll but he is unsure of what legal requirements there are for someone to do this as an employee (qualifications, membership in certain organisations ect) This question is based on UK Laws.

What are all the Income tax deductions in a Payroll from Philadelphia PA? My husband is getting paid $12/hr this payroll gross was $918. The deductions are $278.40 (child support) and all the other taxes deductions. I see everything in order but they started also holding Philadelphia local Income tax for $88.04. I did know about Federal Income tax and PA income tax but this Philadelphia taxes I never herd of them and the withold amount is almost 3 times higher than the PA one. So he is only receiving $ $344.28 this payroll. Is this right?

How much can I increase my payroll deductions? I have made an offer on a condo for my very first home purchase. I have always heard people say that you can increase your payroll deductions to get more in your paycheck because of the interest write-off. But how do I determine how much to raise it to without running the risk of having to pay income tax at the end of the year?

Can we start criticizing the Red sox for their high payroll yet? The Yankees take all the heat for having a high payroll (and they do at 200million+). But now that the sox have a 170 million dollar payroll, can we start to add them to the list of teams who try to "buy" championships?

Where can i find information on massachusetts payroll information? Im a small business owner and struggling with the hassle of paying and filing payroll taxes for one part time employee. Where can i get information on my options of how to make the process easier? Possibly W4 information Actually i think it 1099 forms i need info on

How do you journalize a payroll? I couldn't find a good example online of journalizing a payroll. I also need an example of recording employer's payroll tax liabilities. Thanks : )

What is the best way to handle payroll for only 1 employee? I run a small online business and am looking to hire an employee. I currently do all the bookkeeping myself but have never done payroll before. Should I outsource or attempt to do it myself? If outsource, roughly how much would that cost? If I should do it myself, is there any software or websites recommended?

where can I get a payroll tax deduction guide for Ill? I'm starting a small business & need a payroll tax guide to pay salaries. I remember having a book when I did payroll at another job. I need to know where I can purchase one for the state of Illinois.

Who raised Payroll taxes on the middle class and? Who doubled the social security payroll FICA tax on the middle class and cut taxes on the super rich from 70 to 28% in the 80's? And who cut taxes on the super rich again in 2001?

How much does payroll service cost, etc? I'm planning on starting my own preschool, but I need to know the cost of a payroll service, accountant, insurance for employees and other things. I can't find this information anywhere. I'm trying to calculate my expences but I need an accurate amount. Where can I get this info from, besides here?

When a high payroll team does well, who do you give the most credit to? What about a low payroll team? As a fan, do you give more credit to the managers and owners or to the players? (Answer the question for both high payroll and low payroll teams.) It's just a matter of personal opinion...no right or wrong answers.

How to do payroll for a small business in Texas? We have a small business in Texas and only a couple of employees. How do I do payroll manually for right now to save up some money? How do I know what I need to deduct and how much?

How to adjust payroll after closing quarter if using ADP? Hello. One of my clients has a problem with payroll. The accountant closed the payroll for the quarter without voiding several checks that were posted by error. This client uses ADP as his accounting/payroll software. How can make adjustments to a prior quarter after this has been closed? Also, the accountant filed the worker's comp report with the state with the wrong figures. Please give me some advice. Thank you.

How can one learn how to properly calculate payroll manually in Australia? I can't seem to find any books or on the internet on how payroll should be correctly calculated in Australia. Does anyone know? My experience has been that usually no one has any clue whether any deductions or calculations to entitlements are calculated properly. We just seem to take it for granted that if our payslip says we should get X then it must be right. But how do we really know?

The total earnings of an employee for a payroll period is referred to as? The total earnings of an employee for a payroll period is referred to as? A) take-home pay B) pay net of taxes C) net pay D) gross pay I need this for accounting class. If anyone could help i would appreciate it!

How about a 90 day freeze in the Federal Payroll Tax for companies who agree not to lay off employees in 2009? What if the Federal government gave companies a 90 exemption in paying payroll taxes if they agreed not to lay off any employees in 2009. I would make an exemption for early retirement packages. If people are working, the economy has a chance to rebound. The more people out of work the less spending, the harder it is for the economy to recover.

How can I find out how to do a payroll in NY State? We have opened a corporation and have 1 employee right now. So I would like to do payroll on my own. Does anyone have any information on where I could start? I am familiar with taxes and income tax filing in other countries so it isn't all Greek to me. However I was looking for some specific sites etc for the US and specifically NY state that could get me started. Thanks so much!

How do I check up on my employer paying payroll taxes? I live in MA and want to know if my employer is paying the monthly payroll taxes. Is there a dept within the IRS that handles that or am I not privy to that information?

How/where can I check to see if my payroll taxes have been paid? I drive a truck that is leased to a company, the owner is in the Army stationed in Korea. He has a third party tax preparer/accountant do my payroll (i am his only employee). I have this feeling that my federal withholding and social security taxes have not been paid. Anybody know how I can check on this?

How do i get my w2 forms when the payroll for the company I worked for is out of business? The company I worked for is out of business and so is the payroll company they used. So what now? I went to irs and they told me to come back after February 15. I don' t have my last paycheck stub from that job. What can I do? I have previous years w2's from this job I have worked there about 5 years.

How do you book payroll taxes? What accounts do you book the taxes to? I have a federal tax payable and payroll tax expense account but do I need to break it down further by FICA, SDI, etc?

How does one learn how to do payroll in New York? How does one learn how to do payroll? I have a small business in New York with just one employee other than me. Right now I pay over $100/month for a payroll service, which seems a little silly. If I could learn to do it myself - filing the taxes, etc. - I would give it try. Is there a place online to learn?

How am I supposed to do my payroll -please see the details below? Hi- I am the owner of a small business and I use Quickbooks. I started out freelancing and now I have so many projects that i have another consultant working with me. Our hours are billable on some projects and some projects are set rates. How am I supposed tobe doing payroll? Are we supposed to get a certain percentage- say 45% of the project in as checks and the the rest goes into the business account? And do I remove expenses first- for example- If I found the project on a site that charges monthly access fees, do i remove those fees before processing payroll?

How long is a payroll check good for? I just found a payroll check from a job I had a while back. I haven't cashed it as I forgot I had it. The date on it is 1/25/08. There is no time limit printed on the check. Like cash within a certain amount of time. Could I still cash it?

My Employer pays for Tuition Reimbursement through Payroll, How does this effect my taxes? My current employer offers tuition reimbursement. The way that they do this is through Payroll. When I complete my taxes I know that since this was paid through payroll that it will come back as income on my W-2. Will I still be able to deduct this on the tuition and fees deductions to compute my AGI? I'm assuming that it would be applicable but I thought I would ask.

What company does gamestop use for Payroll? I recently just left my job at gamestop as a game assistant. I have a small bit of money from when I first started working there on the payroll card they used. I've lost my paper work and payroll card and would like to take that small bit of money back for myself since I did earn it. I'm trying to contact the Payroll card company but can't find it! Does anyone know the payroll card company that Gamestop uses?

I have a small business and getting harder to manage payroll. How to make the payroll easier? I have a small business and getting harder to manage payroll. How to make the payroll easier?

I would like to know the payroll or other tax rate in Bermuda? I am an US citizen and planning to relocate to Bermuda (with a salary of BD 120,000). What are the employee's deduction rate on payroll tax or others (statutory requirements) in Bermuda? I guess I also need to file the income tax to IRS, too.

What time should my supervisor deliver payroll checks? Checks are ready by 9am in the finance department for pick up, but my supervisor has a new rule that all payroll checks will be available for pick up after 3pm on payday. Can she do that?

What should I claim with my payroll department? I want to arrange it so I don't get a tax return after filing...I want the money up front in my paychecks. What do I have to ask my payroll person to adjust in order for this to happen? ETA: Me and my husband are married, with 2 children... what should we both claim on our W4s to maximize our weekly checks and forego our normally large return Should we both claim married w/ 2 dependents?

What steps are involved in doing payroll? I'm going for a job interview for a job in Payroll. I need to have researched it and understand exactly what it involves.

how much should you start out making in a payroll position? I have some college exp and will be doing payroll for about 50-75 people. It is a construction co. so I will have to deal with uion dues and certified payroll. Can someone give me a good starting rate an hour. On top of that I will be doing a small amount o A.P. on the side. Help me know how much I should work for.

Is it legal to cash a payroll check that was replaced but does not have a stop payment? My former employer sent me a payroll check that was lost in the mail and then issued me another one and did not stop payment on the first. Is it legal for me to cash it?

If I had medical deductions from payroll in are they tax deductable and how much is? I had to pay my own medical thru payroll deductions. How much can I claim on taxes as a deduction? Will it be reimbursed by the government?

What to do about a co-worker who is cheating peoples payroll? We have a payroll lady who has been caught in the past docking peoples pay out of spite for no reason. I asked for copies of my timesheets and found I had been docked over 8 hours over a 2 month period! Once she was called out on it, it stopped, at least for me. Well, now there has been an upset in the office and she is at the head of the whole thing. She does not like certain ways I do things and has started this whole uprising with upper management. I called her out on that, too, and now I just passed my timesheet and it has been changed shorting me over 2 hours for this week!!! I plan on bringing this to the attention of my manager and HR, but I just wonder is there anything else I can do? the problem I face is we are a small family owned company - the only person higher than HR is the owners, who just want to sit back and collect their money. And she has been here for quite some time. She has sucessfully run off 2 employees that I know of for being rude and just flat out impossible to work with.

Where do I get ever changing payroll tax rates for federal, states and local and county? I am developing a payroll software. Federal, State and Local taxes keep changing. How do I get these tax changes?

Which payroll software package training should i do in order to get a job easily as a payroll officer? i just finished a cert III Business Administration at TAFE and i want to be a payroll officer. i now intend getting trained in a payroll software package that will help me get job easily.

What is the best payroll software program to use for a small company? Hi Friends, I would like something that would take care of payroll, taxes, etc. for a company with no more than 15 employees max. Thanks!

How do I get an Unclaimed payroll check From Walmart in Indiana? I have been trying to call the payroll hotline and they can never recieve my calls or I have been put on hold for over 45 min and was disconnected! Is there a way I can do it from the computer?

Where do I mail Payroll Liability payments? I've cut my first payroll liability check using Quickbooks addressed to the United States Treasury. I can't find anywhere where I'm supposed to send it. What's the mailing address I'm supposed to send payroll liability checks, and what else do I need to send aside from the check?

What is the difference between payroll software and a payroll service? Im a business studies student and wondered whether the only difference is that a payroll service is internet-based? Or is there more to it? Is this the case for all payroll services? Any advantages and disadvantages of each type of payroll managing method would be very helpful. Thank you.

How do I process payroll when people are paid a retainer to be reimbursed when they earn a commission? Help? I am bookkeeping for a travel agent (my first one) and am wondering on the best way to process payroll in MYOB when the sales staff are paid a wage (retainer I suppose) each week which is to be paid back when they sell a house and earn their commission. Would you do an advance? There must be a better way. Any advice much appreciated.

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?

What would you do if your boss purposedly held off on submitting payroll? Paychecks are passed out every Wednesday, but they do not arrive. You learn that the boss purposedly did not submit payroll in time. Would you quit on the spot, or would you forgive the one time?

I would like to know the payroll or other tax rate in Bermuda? I am an US citizen and planning to relocate to Bermuda. What are the employee's deduction rate on payroll tax or others (statutory requirements) in Bermuda? I guess I also need to file the income tax to IRS, too.

Have a job and a business, any problem if I deposit a payroll check into my business account? I work for someone part time and also run my own business. Is there a problem if I deposit a payroll check (taxes have obviously been deducted already) into my business account?

What is the term used to describe profit after overheads, tax and payroll is deducted? What is terms used to describe profit after corporation tax, staff payroll and overheads are deducted? Is it net profit or operating profit? Or something else?

Do I have any recourse if my employer repeatedly makes errors on my payroll? My employer repeatedly makes errors on my paycheck as well as my taxes. I am employed by a municipality which utilizes a treasurer to handle payroll. I receive paychecks on a bi-weekly basis (or at least I am supposed to). Every 2 weeks, my paycheck is either missing or incorrect. I've brought this problem to the attention of the treasurer's superiors and nothing has been done. I'm sick and tired of having to scrutinize my paycheck every 2 weeks to find the errors. Do I have any legal recourse against either my employer or the treasurer?

What steps do you take to collect payroll that is owed to you once you quit a job? I recently quit my job because my employer was behind on payroll. I tried sticking it out, but it was just getting further and further behind. Now I need to find out what I need to do to collect the pay that is owed to me.

Will the Yankees payroll be a bagillion dollars by 2020? And will they continue to not win games? Boston shakes Manny and STILL out do the Yanks. Lets admit it yankee fans there WAY over rated,you can not deny. Payroll real high wins average. Cards all the way. Cubs are bums. Yanks are bums. How many worl series have the yanks won in the past 5 years? If the cards had half as much we'd win 110+ games.

Can the payroll company mail my W-2 form directly to me ? I wanted to know. . . .If the payroll company that my previous employer used to pay me would be able to post mail my w-2 form directly to me, instead of mailing it to my employer. I really don't trust my previous employer. My previous employer is extremelllllllly irresponsible and careless!

How can I claim tax return from payroll mistakes done in the past year? I am married but payroll company had me as single and it took me months to correct it. Therefore I got taxed as single. How can I claim the losses on my 2008 tax return?

Will the IRS automatically stop payroll deductions after I am paid in full.? I am currently paying the irs for back taxes through a payroll deduction, my refund from this year will clear my balance. Do I need to contact my payroll department and/or the IRS to discontinue the deduction or will it stop automatically. The IRS didnt contact my employer I set it up, its not a garnishment its actually a installment plan that I am paying through a payroll deduction.

In California, Is it illegal to do payroll before the payperiod is over? Guessing the hours worked? I have a friend whose bosses are doing his payroll before the payperiod ends, and just guessing what his hours will be before he's actually worked them. Can you help me find anything that shows that this isn't right. Links would help! Thanks!

What is the difference between payroll tax, and federal tax? Obama keeps saying some people work and pay no federal tax. He says they pay payroll tax??? We have state tax, social security tax, medicare tax, federal tax, disability tax. So what is payroll tax???

How do I file payroll taxes for employees? I am in a Salon Management class and I was told that i needed to know what payroll taxes I file and how to do that... if anyone could help i would be very appreciative

My employer uses a payroll service and lists us as their employer. How does my resume list it if co changes? I have the same duties and location but company had changed the company that manages payroll, so I have a new employer in name only. What I need is advice on how to list my new company on my resume.

Can you hear the fear speech coming from Washington about payroll? I've heard the word PAYROLL about 5 times in the past hour coming from a number of speakers in washington. Did Bush give them their marching orders telling them say this, this will scare the hell out of them?

Can an employer legally hold my last payroll, and money withdrawn from my payroll check? The last company that I was employed with terminated me on June 6th 2007. I have yet to recieve my last check. They also owe me $5500 for money that was taken out of my payroll. The local police department has told me to contact the Department of Labor, and have yet to hear back from them. Is there anything that I can do in the meantime to get money owed to me?

How Do I make a Payroll with Piracle Check SoftwarE? I have piracle check software and i'm trying to create a payroll but no matter what my accounts will not show when I click from Accts Payable to Payroll under the Manual Checks tb, can someone download the piracle trial or if they know how to make the accounts appear in payroll or if you already know shed some light? Thanks a bunch!

Is it legally to deduct money from a Managers Pay to cover the cost of payroll over-ride? Can an employer deduct money from a salaried employee's paycheck to cover the cost of payroll when payroll cost goes over the company's budget. Taking money from a salaried employeee's paycheck to cover his over-ride seems illegal, especially if that employee works six (6) to seven (7) days a week, with no overtime pay, or comp pay to make up for the loss in wages on his/her check.