https://www.financeglobe.com/post/small-business-payroll-answer-these-questions-early-on/ Personal Finance Tips & Tools Mon, 18 Mar 2019 20:20:17 +0000 hourly 1 https://wordpress.org/?v=6.9 https://www.financeglobe.com/post/small-business-payroll-answer-these-questions-early-on/#comment-668 Mon, 18 Mar 2019 20:20:17 +0000 https://www.financeglobe.com/tools/2019/02/25/small-business-payroll-answer-these-questions-early-on/#comment-668 I think even if you have 1 employee besides yourself, it is worth it to outsource this process. As wanderer and ChrisB mentioned, it is very complex. You should be focusing on your business.

]]> https://www.financeglobe.com/post/small-business-payroll-answer-these-questions-early-on/#comment-667 Fri, 08 Mar 2019 12:03:40 +0000 https://www.financeglobe.com/tools/2019/02/25/small-business-payroll-answer-these-questions-early-on/#comment-667 The scary part of payroll is when you see that the Federal, Medicare, State and local related payroll taxes have to be paid on a timeline (to avoid penalties). Add to that employer paid benefits for insurances and the share can be quite large. A shock to say the least since you have the costs even if the accounts receivables have not come in yet. Small business payroll expenses can be overwhelming so be sure to plan and allow for the requirements of having employees.

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