How to Run Payroll
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- čas přidán 29. 06. 2024
- For small businesses, payroll can seem daunting…but it’s doable. Here’s how to run payroll, including how to set it up and what your options are.
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▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬
00:00 Weekdays With Bernie
00:45 Payroll Can seem daunting
01:38 Three Payroll Options
04:36 How to Set Up Payroll in Three Steps
07:32 How to Run Payroll in Five Steps
14:55 Final Thoughts
▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬
5 Steps for Running Payroll: A Small Business Guide | BerniePortal
blog.bernieportal.com/5-steps...
Apply for an Employer Identification Number (EIN) Online | Internal Revenue Service
www.irs.gov/businesses/small-...
Form W-4 2022 | Internal Revenue Service
www.irs.gov/pub/irs-pdf/fw4.pdf
How to Fill Out Form W-4 in 2022 | BerniePortal
blog.bernieportal.com/how-to-...
Biweekly is Best: How to Think About Pay Schedules | HR Party of One
• Biweekly is Best: How ...
Is Overtime Calculated Daily or Weekly? | HR FAQ
• Is Overtime Calculated...
Tax Withholding Estimator | Internal Revenue Service
www.irs.gov/individuals/tax-w...
Employment Tax Due Dates | Internal Revenue Service
www.irs.gov/businesses/small-...
Form 941 (Rev. March 2022) | Internal Revenue Service
www.irs.gov/pub/irs-pdf/f941.pdf
How to Complete Form 941 | BerniePortal
blog.bernieportal.com/how-to-...
2021 Form 940 | Internal Revenue Service
www.irs.gov/pub/irs-pdf/f940.pdf
How to Fill Out Form 940 for Federal Unemployment Taxes | BerniePortal
blog.bernieportal.com/how-to-...
2022 Form W-2 | Internal Revenue Service
www.irs.gov/pub/irs-pdf/fw2.pdf
How to Fill Out Form W-2 in 2022 | BerniePortal
blog.bernieportal.com/how-to-...
Employment Tax Recordkeeping | Internal Revenue Service
www.irs.gov/businesses/small-...
Fact Sheet #21: Recordkeeping Requirements under the Fair Labor Standards Act (FLSA) |
www.dol.gov/agencies/whd/fact...
Department of Labor
www.dol.gov/agencies/whd/fact...
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#hr , #humanresources , #hrtips , #payroll , #humanresourcestips , #smallbusiness , #hrpartyofone ,
I am learning so much from watching your videos. Thank you so much for sharing this amazing source of information. This one is quite helpful.
You are so welcome!
I am a new in this field and I have been so stressed with running payroll. The thought of it makes me want to cry. I watched so many videos and they only made me more stressed. This video definitely brought some clarity and understanding on how to run payroll now I feel more confident. Thank you for your help! You have definitely gained a new subscriber!
We are so happy you find it helpful! We also have a free course (only an hour or two long) on running payroll for beginners, and so many other resources. Here is the course: www.bernieportal.com/payroll-basics-for-employers/
And feel free to check out our blogs: blog.bernieportal.com/
We wish you luck in your new role! Always feel free to drop into our HR Party of One Community to ask questions so we can direct you to expert advice and resources: help.bernieportal.com/portal/en/signin
VERY NICE INFORMATION THANKS
You’re very good at this tutorial thank you so much.
Glad it was helpful! Thanks for watching.
Thank You for making this video! It really helped my company as it grows and hires employees. 👍🇺🇸🙏
Great to hear! We have many other resources at BerniePortal.com that can help you develop your company---keeping you compliant, honing your recruitment and retention strategies, building a great culture, and more!
Excellent presentation. Pleasant and articulate narrator. Thank you for your effort.
You're welcome!
Nice.
Please include information on obtaining SUI and SIT for out of State payroll.
Can you please make a video on Australian payroll as well
I love your shirt:)
Thanks!
very good
Thanks!
Does this all apply to a LLC elected as an S-Corp for taxes?
Can you use it for multiple employers
My adviser in kansas said I didn't need to pay unemployment tax
Hi. Im Anna from the philippines. I worked as payroll analyst in my country for 23 yrs now. Is the US outsourcing payroll?
Hi, thank you for the info. Quick question for you. Is there a software out there where I can use to process payroll for multiple businesses if I decide to start my own payroll processing company?
Do you think if I have less than 100 businesses signed up I can process everything under spreadsheet and Excel program?
Lastly, are there any requirements to become a payroll processing company or payroll experience is good enough.
Thank you!!
You can use ADP RUN if you have less than 100 employees.
Edit suggestion: on the W2 section you actually say W4
I will have 1 to 2 employees I have no choice but to do it myself.
do it yourself is better with two employes
Nice, but this information is more about HR hiring process but not how you calculate hours written/clocked-in and prepare paychecks bi-weekly or monthly. Different companies probably use some program to calculate or auto-deposit in employees account but if the machine or program fails or malfunctions how do you go about it then? Thanks :)
Hi, thank you for asking this question!
If you do not have an all-in-one HRIS and are concerned that your program or process has errors, you can watch this video on payroll audits to determine if your program or process is accurate enough: czcams.com/video/Xic-GRuHhvI/video.html
A payroll audit may be time-consuming, but it can point out mistakes before they are made, so if you are concerned about malfunctions or failures then you know exactly how to go about preventing them in the future.
However, an all-in-one HRIS should do these calculations for you. In case of errors, BerniePortal enables you to work one-on-one with your dedicated support specialist to fix the error, whether that be a time edit or something else. BerniePortal uses data within your system, such as if you use the time and attendance, benefits administration, or PTO features, to run an accurate and efficient payroll each pay period, with all the data you could possibly need to input handled for you.
If you have any more questions or want more resources, let us know! We can direct you to more episodes, e-books, courses, and articles. Or, you can talk to an expert to answer your questions and direct you toward a better solution. HR is hard enough, and running payroll is critical to keeping your people happy--and we are happy to help you! :)
تازه کارم یکم پیش بریم ببینیم چطوریه
My question is why do all this to begin with? Eliminate income tax and let Americans who work take charge of their dollar!