How Do I Set Up Payroll for the First Time?
Setting up a payroll system for your small business may seem like a daunting task, but it can be broken down into small steps. Before you can hire an employee, you need to have some things in place, such as an Employer Identification Number, or EIN, and an employee handbook. Once you have these bases covered, you can set up a payroll system. Ideally, you should consult with an accountant or a labor attorney to make sure you’ve set up payroll according to your industry requirements and state laws. Read this white paper to understant how to set up payroll for your small business in seven steps.