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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?

Public Comments

  1. You set up your payroll by getting a commercial bank account with your business name and address, then you hire a bookkeeper to figure out the hours worked and amounts to be paid to the government for taxes, for each employee. (you'll need an IEN)
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  3. There are dozens of laws governing employee compensation. If you don't want to run afoul of various government agencies, you have to be well organized and stay up-to-date. You can create paychecks online. Online payroll is the modern way to do payroll. I can also suggest you a website- An awesome site for all those who are into one or the other business. Check out http://www.fintel.us/
  4. Hi there - I work at Intuit and we offer a few different payroll options, including online payroll which has a 30-day Free Trial: http://payroll.intuit.com/payroll_services/online_payroll.jsp Hope this helps! Let me know if you have any questions. Thanks, Chris
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