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?
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on Apr 3rd, 2009 at 4:36 am
SmarterHousing: London 2012 Accommodation
If you use QuickBooks you can buy any of a number of different types of payroll Subscriptions. I Believe the other accounting software have payroll also. The cost is usually relatively inexpensive. You do have to withhold taxes or have te people as vendors 1099. CAUTION THERE ARE SPECIFIC RULES WITH THE IRS ON THIS. Base deductions are:
Federal Withholding
Employee Social Security
Employer Social Security (matches the employee)
Employee Medicare
Employer Medicare (matches the employee)
FUTA (federal unemployment)
SUTA (State Unemployment)
Workmens Comp.
Any other benefits that you designate or are required in your location.
You may also have to pay/withhold City taxes or other local taxes.
Speak with an accountant in your area to determine. then call the state for their information.
Any other Questions contact me offline:
Good Luck
on Apr 6th, 2009 at 3:09 am
SmarterHousing: Residential Lettings
Have a look at PaycheckCity.com. Disclaimer — I do not use them and have no first hand knowledge of their services.
They offer free paycheck calculations including local taxes.
Hope this helps
Jerry-the-bookkeeper
on Apr 8th, 2009 at 8:57 am
SmarterHousing: Find Accommodation Online
I am co-owner of SOLUTIONS Human Resources. One of the services we offer is an online payroll system that is very easy to use and inexpensive. You can prepare your payroll online in a matter of minutes. We handle the tax filing and payment for you. You will enjoy other benefits such as direct deposit. If you would like a quote, contact me at 800-928-7449 or via email at.
Thanks, Greg