Payroll Basics For The New Business Owner

Congratulations on your decision to open a New Business. If this is your first business, you'll soon see that one of the more time consuming tasks you'll face is administering your payroll. Even if your company has only one employee, you are responsible for following Federal and State payroll regulations.

To help you get started, Payce has assembled this package to provide an accurate overview of payroll procedures and summarize the major Federal and State guidelines. Although we intend to provide an overview of payroll and tax procedures, every business situation is unique and your accountant should review details of your particular payroll account.

Included in this package are the appropriate forms to assist you in applying for your identification numbers. We have also provided the addresses and telephone numbers of the Tax Agencies, should you have any additional questions.

A smooth running payroll is just part of the success recipe for your business. Preparing a business payroll on time and with accuracy is no small task. Payce is happy to help you with any question or problem you may encounter.

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