While payroll has historically been the source of a lot of stress for restaurant owners, there are several tools and resources to make it easier. Payroll jargon and processes aren’t intrinsically complicated; they’re usually just presented in ways that are tougher to understand than necessary!
Hiring your first employee? Learn how to process payroll in eight simple steps, such as gathering time card information and beyond.
I'm about to process payroll and will need to pay her. I'm unable to add her as an employee since she doesn't have an SSN yet. Our lawyers said that it is completely legitimate to pay her now, as she awaits the SSN. What would you recommend ...
As you add more employees, the more challenging payroll becomes and any mistakes you make can result in costly tax penalties. Payroll’s impact on cash flow Even if you’re not paying someone else to do payroll for you, it’s still considered a business expense. This is because your ...
Many small business owners use Excel to track budgets and other financial information, and it’s a useful tool for processing payroll as well. Follow these steps to do payroll in Excel: Step 1: Download a payroll calculator template. Step 2: Add tabs for every column needed for your ...
Outsourced: Hiring someone else to crunch the numbers can relieve pressure from an over-burden of tasks. They can handle things like taxes, bookkeeping, and deductions. Payroll Software: With business growth, you may need some technical support in the form ofpayroll software. These types of sof...
If you’re confused about how to calculate overtime, don’t worry, you’re not alone. Keeping track of (and manipulating) all the numbers necessary to deal with regular payroll is hard enough. But add in a few overtime hours and you’ve got a serious conundrum. ...
Depending on the payroll processor, those timesheets may already be sitting inside your payroll software, waiting for approval.If not, now is the time to import them into your payroll software. If you have paper time cards, you’ll need to add up the hours, check for any mistakes, and tr...
If you’re about to start employing people you might be wondering how to do payroll yourself as a UK business owner. While many alternative solutions exist -...
Someone inside a business typically makes the payroll audit report. Performing internal audits mitigates the chance of external audits further down the line. On completion of the payroll audit, it’s possible to make retrospective changes. If there’s been an error, for example, you may have to...