To business owners: I have a question, how do you have your payroll ran? Small businesses with employees as little in number as 1, have to have their employees information collect for taxation reasons -- like for their W'4's and I-9's to file with the appropriate authorities to confirm their ability to work with you as an employee, and confirm the amounts of money that are supposed to be withheld from their wages to be payed to the correct authorities for taxation reasons. Payroll taxes have to be paid quarterly. Reports on those taxes have to be filed quarterly as well. Payroll taxes include State Income taxes, Federal Income taxes, Medicare taxes, and Social Security taxes. They may also have to be reported on annually I think or believe. I have a lot of questions about payroll taxes, so I thought I'd list a bunch of them --and hopefully get as many answers to them as anyone on here is willing to answer.
1. How do you run your payroll?
2. Do you use an outside service?
3. Do it yourself?
4. Pay an accountant?
5. A combination of all three?
6. How much do you pay to outsource your accounting for payroll if you do?
7. How long does it take the service provider to do?
8. How do you transition the information to them?
9. Add people to your payroll?
10. Take people off your payroll?
11. Collect your W-4's and keep them on record for your employees?
12. Your I-9's.
13. Pay quarterly taxes for yourself?
14. Your business?
15. Your employees?
16. Do you have actual checks cut?
17. How do you have them cut?
18. How do you deliver your checks for your employees to them?
19. How do you have your employees receive direct deposits?
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