Payroll can be very confusing. How much to withhold? How much to pay? Who pays what? Here is a great article on “How to process payroll.” At Green60 we recommend outsourcing your payroll. We offer a simple $19.99 for up to 5 employees.
AN ARTICLE FROM “WIKI HOW:”
Your payroll process starts with collecting wage information for each employee. Businesses use a W-4 form to document the worker’s filing status and their allowances. You also need to carefully track wages for your employees. At the end of each pay period, you calculate gross wages. Companies have a variety of taxes that must be withheld from gross pay. You may also deduct amounts for retirement plan contributions. Many firms hire a payroll company to make all of the payroll calculations and…. (read more)