how to calculate payroll
DESCRIPTION
Many small businesses start with a payroll calculator to figure out their company payroll. Complications can quickly arise though and cost time and money. With payroll taxes, SUI rates and FUTA withholdings, using a payroll service may save time and money.TRANSCRIPT
5 Tips for Hiring Your First Employee
Make the Leap to Hire with Confidence
Put Down That Payroll Calculator!
A Look at Calculating Payroll
3 Steps to Calculating Payroll
1. Calculate: FUTA, SUI, FICA (Medicare & Social Security), Federal, State and Local Payroll Taxes.
2. Withhold: Employers are Responsible for Withholding the Appropriate Payroll Taxes from Each Employee.
3. File: Quarterly and Yearly Tax Returns.
How Do You Calculate Payroll Taxes?
Some Folks Use Payroll Calculators (available online).
Some use pen and paper.
But These Options Only Go So Far…
Need More Help?
Visit The Payroll Blog Today.
Discover More
Easy. Online. SurePayroll.