The Basics of Payroll That Every Employer Should Know

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The Basics of Payroll That Every Employer Should
Know
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• If youre in the process of starting up your own
  business and are ready to take on employees, here
  are a few of the most basic payroll pointers to
  get you started. For more detailed information,
  you should seek advice from a professional
  company offering specialized payroll services.
• When should you pay your employees?
• This will depend greatly on your personal
  preferences as a business owner, or upon the
  needs of your employees. You can pay weekly, bi
  weekly, or monthly. Once youve decided upon a
  pay schedule, wages can be calculated, taxes can
  be withheld, and pay checks can be issued.

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• Paying payroll taxes
• Federal and state taxes withheld from your
  employees pay checks must be paid to the
  government, along with any payroll taxes that
  your business might owe. The best way to ensure
  that you pay the appropriate taxes without
  risking costly penalties, is to outsource payroll
  and let a team of experts handle things.
• Filing tax forms
• Forms can be mind boggling and confusing at the
  best of times, but tax forms are renowned for
  being particularly complicated and long winded.
  Filing your businesses tax forms can be time
  consuming, too, but if you outsource payroll,

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• then the pressure is relieved, and the stress
  should be somewhat lessened. Your tax expert will
  file the appropriate forms, and this is usually
  done quarterly, although some businesses choose
  to file monthly or yearly.
• Avoiding costly errors
• Without wishing to sound like a stuck record, the
  only way to be certain that you dont make
  mistakes when filing your taxes, paying your
  staff, calculating withholdings and health care
  benefits, is to work with a payroll specialist.
  Laws, rules and regulations are frequently
  changing, and a payroll advisor will be aware of
  them all and will help you to avoid having to pay
  costly fines for miscalculated taxes or late
  filing.

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• Which form of payroll will work best for you?
• You can of course seek advice and guidance from
  other businesses, but there will be no business
  quite like your own, so only you will really know
  which form of payroll will work best for you. So,
  what are your options
• Payroll software
• Some good payroll software packages, allow you to
  keep control of your employees wages with
  minimum input, but if you are the type of
  business owner who enjoys being in control of
  payroll, then this might work best for you.

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• However, if you are not the biggest fan of having
  to report and file taxes, then you might not be
  so keen to install software, and will instead
  seek the help of a payroll expert.
• Payroll and accounting software
• For small businesses, software such as Intuit
  Payroll and QuickBooks, work very well together
  and offer business owners a great payroll and
  accounting software package. You have complete
  control over payroll and financial data, and
  payroll expenses are updated automatically,
  eliminating the risk of double entry.

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• Payroll provider
• Outsourcing payroll is often the safest way to
  ensure that your employees are paid in a timely
  manner and that all taxes are reported and filed
  on time. A payroll provider will work with your
  schedule, allowing you to focus on other aspects
  of your business that might need your attention.
  Paying for their services can save you money in
  the long run, and you cant put a price on peace
  of mind.
• As mentioned previously, for more detailed
  information about payroll for new business
  owners, please seek advice and guidance from
  professionals who specialize in payroll and its
  myriad complexities.

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• Apollo Payroll is one of the premier small
  business payroll services companies in Miami and
  Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  payroll services in Homestead and other cities in
  Miami-Dade County, employee background check and
  group health insurance in Miami Coral Gables.