How Do You Calculate Employees Payroll Checks?
One of the less-than-rewarding tasks for the self-employed is the weekly or bi-weekly chore of computing payroll checks. While today’s accounting systems make this once tedious and time consuming puzzle tremendously less painful, if you have a large company with a transient worker population, you still may want to consider using a payroll service and spend your time on more revenue generating fronts. It isn’t that the weekly chore is so difficult; it’s that the end-of-year mess requires you looking back to all your employees, even if they only graced you with their presence for a day or two. If you forgo the service and decide to go it alone, you will be plugging numbers into your accounting program and working, end-of-year, from computer-generated numbers. Have your employees fill out a W-4 Form. This is required by law and it must include their correct and verifiable name, address and social security number. They also need to indicate their marital status and their selected personal
