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Payroll Basics For Small Business
 
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Payroll basics for small business. Learn how to do payroll and payroll taxes yourself.
Views: 6843 C&S Technologies Inc.
How To Do Payroll
 
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Want to know how to do payroll but not sure where to start? You are in the right place. In today's video we cover the basics of payroll including the three different ways to handle payroll, handling withholding, how to keep track of employee hours, dealing with overtime, vacation and sick days, Voluntary deductions, and more. Learn how to do payroll today! More Resources: How to Setup Payroll: http://fitsmallbusiness.com/how-to-do-payroll/ Best Payroll Software Buyer's Guide: http://fitsmallbusiness.com/best-payroll-software-reviews/ Free Payroll Software Trial http://fitsmallbusiness.com/gusto-trial/ Payroll Basics: http://fitsmallbusiness.com/payroll-basics-how-to-pay-resources/
Views: 246597 FitSmallBusiness
How to Run Your First Payroll
 
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Here are the 5 steps to setting up payroll for the first time. 1) Get your IRS registration information in order, including your: - FEIN - Legal business name - Deposit schedule, which is sent by the IRS 2) Register with your state agencies These differ state by state, so make sure you're registered with the right agencies in your state. 3) Get all your employee paperwork together, including: - Form I-9, which confirms their eligibility to work in the US - Form W-4, which includes your employee's federal withholding allowances - Your state's W-4 equivalents, so you know how much to withhold for your employees' state income taxes 4) Pick a payroll schedule Pick one that's both compliant in your state and works for your business's natural cashflow cadence 5) File new hire reports with your state Every time you hire a new employee and run payroll, you need to file a new hire report within a short period of time. This notifies your state about the incoming payroll taxes, and, it allows the state to check if that employee needs any garnishments. You then give all that information to your CPA or payroll provider so they can set it up and start running payroll for your company. For more payroll basics, check out these resources: [READ] How to Read a Pay Stub: https://goo.gl/wjNbJe [READ] Decode Your Employee's Paycheck: https://goo.gl/mwuJHE [READ] What are Payroll Taxes? https://goo.gl/CYTGc2 [READ] Payroll Terms You Need to Know: https://goo.gl/y2ihMe [WATCH] How to Calculate a Paycheck for your Employees https://youtu.be/75IK5vEhHHw Ask Gusto is a YouTube series designed to answer your top payroll, HR, and benefits questions. New episodes come out weekly -- feel free to ask what's on your mind, and we'll answer it! Who is Gusto, exactly? Gusto serves over 40,000 small businesses across the country with a refreshingly easy payroll, benefits, and HR platform. For more small business answers, visit us at: https://www.gusto.com/ask-gusto To learn about Gusto, visit: https://www.Gusto.com.
Views: 7672 Gusto
Quickbooks Payroll for Small Business
 
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Quickbooks Payroll Software to take care of accounting and payroll needs for small business owners.
Views: 9051 Intuit
What every business owner needs to know about payroll taxes
 
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Contact us at 888-727-8796 if you need assistance with your tax problem (and yes, your information will be subject to the attorney client privilege). We’ve successfully assisted thousands of clients deal with IRS issues. You can also email us at [email protected] We deal with both domestic and offshore issues. www.irsmedic.com Before the 1940’s, taxes were only paid by the ‘Fat Cats’, and they were paid in quarterly installments. Since such a small percentage of people were paying taxes, it was easy for the government to ensure that everyone was compliant. They assured us that only these ‘Fat Cats’ would pay --- until they 'changed their mind' to expand the tax burden to include everyone. “But it’s war time! The budget is suffering and we need your help! Don’t worry…this tax won’t be around forever!” And so we all began to pay. What the government realized quite quickly was that they could rapidly lose control of compliance and collections since there were now so many people paying taxes. They also realized that since they were taxing people a percentage of their salary, the tax debts could add up to the point that the taxpayers just couldn’t afford to pay it back. Taking control with “Pay as you go”: In 1943, Congress passed the Current Tax Payment Act. The idea was born from Beardsley Ruml, an executive for R.H. Macy & Co. and adviser to Roosevelt. In his experience in working with customers from Macy's, he noticed that people didn’t like big bills --- they instead liked to make partial, smaller payments. His “Pay as you go” idea grew into this act that required employers to withhold a percentage of federal income taxes from their employees wages. The employers would then be responsible for paying the government on the workers behalf. Withholding was a great way to keep control of the masses. It’s easier to police a smaller number of taxpayers, and, employers are easier to influence as they have more at stake. Understanding withholding and payroll taxes: Payroll withholdings are the taxes and benefits paid by the employee and include: Employee portion of Social Security tax - 6.2 percent Employee portion of Medicare tax - 1.45 percent (a 0.9 percent Medicare surtax when the employee earns over $200,000) Federal income tax State income tax Court-ordered withholdings As an employer, you are technically the 'trustee' and are holding this money 'in trust' for the government until your quarterly payment is due (4/15, 6/15, 9/15, 1/15). Technically, this is not your money... it is the governments. The law also requires you to pay the employer's portion of two of these taxes: a 6.2 percent Social Security tax a 1.45 percent Medicare tax (the “regular” Medicare tax). We have a lot of clients that are dealing with payroll tax debt. The stress can feel overwhelming, and you may make poor choices trying to solve the issues on your own. It’s a scary thing because you are talking about not only your own livelihood, but also the livelihood of your employees. Scarier still is that you are personally liable for this debt; it's not just the responsibility of 'the business' to pay it back. In our experience, we find that 98% of payroll tax problems are caused by cash flow. Cash flow problems can easily spiral out of control, and can be caused by a client that burns you, a natural disaster, a lawsuit, or employee embezzlement, to name just a few reasons. Unfortunately, we find that the nicest people end up with payroll problems because they may be afraid to lay any employees off. These are honest people that didn’t take the money for their own use; they took the money and put it into the business to keep the lights on, or to pay for supplies hoping to turn the business around. They are misunderstood, hard-working, and are simply trying to make ends meet. We’ll talk more in depth in tomorrow’s article about payroll tax solutions and negotiations, but bear in mind that sometimes if you lay people off, you may be able to get your issue under control and end up re-hiring them. If you need assistance with a payroll tax debt, don’t hesitate to contact us. We’re here to help. http://www.irsmedic.com Serving US taxpayers worldwide "Real Tax Attorneys for Tough Tax Problems" IRS Medic: Parent & Parent LLP 212.256.1335 888-727-8796 Twitter: https://twitter.com/irsmedic Facebook: https://www.facebook.com/TheIRSMedic
Views: 7354 IRS Medic
Do You Need Payroll For Your Business?
 
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Wondering if you need payroll? Leslie defines exactly what payroll is and if you're required to have it. First, what is payroll? Payroll is a way to pay your employees on time and pay any payroll taxes associated with paying your employees. Are you required to have it? Then ask yourself these qualifying questions below: 1. Do you have employees? If you do, then you need payroll. 2. No employees? Well, then it depends on your business entity. 3. Are you a corporation? If you’re an officer of a corporation and perform services for the business, then you probably need payroll. However, if you’re an owner of a sole prop or LLC and don’t have any employees, then you probably don’t need any payroll. 4. What about independent contractors, but no employees? If you hire contractors for specific projects then you don’t necessarily need payroll. You can file a 1099, which is used to report their miscellaneous income and pay them on a per-project basis instead of a salary. To learn more about payroll and staying compliant, check out these articles: - [READ] What Common Payroll Terms Do I Need to Know About? https://goo.gl/YzUDH7 - [WATCH] How to Calculate a Paycheck for Your Employees https://goo.gl/kNyogz - [WATCH] Gross Pay vs. Net Pay: What's the Difference?https://goo.gl/Lp6k41 Ask Gusto is a YouTube series designed to answer your top payroll, HR, and benefits questions. New episodes come out regularly — feel free to ask what's on your mind, and we'll answer it! Who is Gusto, exactly? Gusto serves over 40,000 small businesses across the country with a refreshingly easy payroll, benefits, and HR solution. To learn about Gusto, visit: https://www.Gusto.com. For more small business answers, visit us at: https://www.gusto.com/ask-gusto
Views: 3091 Gusto
Excel 2010 Business Math 44: Payroll Time Sheets, IF Function For Overtime &Gross Pay Calculations
 
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Download file: http://people.highline.edu/mgirvin/ExcelIsFun.htm This is a Business Mathematics Class (Busn Math 135) taught by Mike excelisfun Girvin at Highline Community College. In this video learn how to calculate: 1. Time Number Format and Time Math 2. Complete Payroll Time Sheets in Excel for Employees 3. Learn how to do a Sheet Reference In Excel Formulas 4. IF Function for Overtime Calculation 5. Calculate Gross Pay from Time Sheets Related videos: Excel Magic Trick 501: Excel Time Format & Calculations (10 Examples) Excel Magic Trick 286: MOD function & Time Calculations (Time For Night Shift, or Negative Time) Excel Magic Trick 727: Calculate Hours Worked Night or Day Shift With Break For Lunch
Views: 268769 ExcelIsFun
3 Best Payroll Services 2017
 
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See The 3 Best Payroll Services on Ezvid Wiki ►► https://wiki.ezvid.com/g/best-payroll-services Advertiser Disclosure: Wiki.ezvid.com is a consumer information site that offers free, independent reviews and ratings of online services. Solutions included in this guide include intuit, patriot software, and surepayroll. We receive advertising revenue from most but not all of the companies whose products and services we review, and also use contextual advertising to support our services. We are independently owned and operated and all opinions expressed on our website and in this video are our own.
Views: 4799 Ezvid Wiki
Small Business Payroll
 
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Full Service Payroll experts walk you through the setup for your small business. You get a simple custom to-do list. You can have us enter your information or enter it yourself online.
Views: 3352 Intuit
Employer Payroll Taxes: Simplified!
 
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How do I hire employees? How do I pay employer payroll taxes? Payroll can be confusing! This video simplifies it ALL! My Gusto link: https://gusto.com/r/PloJd/?utm_source=reflink If you sign up through my link, you'll receive access to my training program for free! Need a better tax experience? My process helps you with your finances & growing your business! https://www.amandarussell.mba/tax-services/ Need help with your finances & growing your business? Learn more: https://www.amandarussell.mba/businessgrowthprogram/
payroll services for small business best payroll companies for small businesses
 
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payroll services for small business best payroll companies for small businesses https://mbsy.co/jaredbrown/40665374 https://www.samoos.press/blog/payroll/payroll-services-for-small-business/ Attempting to do payroll on your own for your small business could put you at risk of facing IRS penalties and fines, late tax filings, and unhappy employees. A payroll services allows you to simply enter your employees’ basic hours and wages, and the filings, calculations, forms and other headaches are taken care of for you. The Basics of Payroll for small business When you pay a W-2 employee, you owe a certain percentage of their income to federal, state and local tax agencies. You also have to match what they pay in Social Security and Medicare taxes, as well as paying FUTA (Federal Unemployment Tax Act) and SUI (state unemployment insurance). Calculating small business payroll taxes can become complicated and if run into trouble doing it by yourself, who are you going to call? A payroll services takes care of this burden for you. And those pesky forms you have to put together at the end of the year? W-2s? 1099s? We prepare those for you and your employees. Stop Working on Payroll and Let Us Do the Work for You Get an affordable price – don’t pay for any more services than you need. We specialize in providing service to small businesses with 1 to 10 employees. Run payroll on your schedule – you can pay your employees from any device or location. No paperwork, no downloads, no hassles. Help when you need it – we pride ourselves on making payroll and payroll taxes automatically. However, when you have questions, we’re here to answer them six days a week with our award winning, U.S.-based customer care team. Do-It-Yourself Payroll As a small business owner, you may want to roll up your sleeves and tackle payroll yourself. However, you’ll need to set aside a few hours each pay period to calculate payroll, deductions, write checks and pay and file payroll taxes to the different agencies. SurePayroll lets you stay in control and finish payroll in just minutes, so you can focus on your business. DIY PAYROLL Payroll Software Some payroll software methods can handle the payroll calculations for you and provide the basic paperwork, but you’ll still need to pay and file on time or risk IRS fines. Plus, you’ll need to download and update software. You can eliminate all of that and get automatic tax pay and file with SurePayroll. PAYROLL SOFTWARE Online Payroll Services Most online payroll services can handle the payroll basics, but it’s the key items you may not realize that make a difference. As the pioneer of online payroll, SurePayroll has the most experienced team available. Free onboarding, free labor law posters, access to HR forms, free mobile apps, an award-winning U.S.-based customer care team available 6 days a week and a satisfaction guarantee are just part of what sets us apart. ONLINE PAYROLL Traditional Payroll Management With payroll services like ADP®'s traditional options, you can submit payroll by phone or fax, but it’s on their schedule and at a high price. With SurePayroll you can run payroll wherever and whenever and still get all payroll taxes handled, automatic new hire reporting and award-winning support at about half the cost. In order to help make your payroll setup easier, please select the business type that most closely matches your business. Select "General Business" if your business doesn’t fall into any of the other categories. General Business — Most small businesses fall into this category. INDUSTRY-SPECIFIC PAYROLL Church Payroll — If your business is a church or religious organization, you may be exempt from some payroll taxes. Church Payroll applies if you pay ministers clergy earnings and/or housing allowances. Note: You will be required to provide federal and/or state documentation to support any request for tax-exempt status. Household Employer Payroll — If you only pay household employees such as babysitters, housekeepers, caretakers, groundskeepers, or other domestic workers. Non-Profit Organization — If your business is non-profit, you may be exempt from some payroll taxes. Non-Profit Organization payroll is for most organizations exempt from federal income tax (FIT). If your organization is a church or place of worship, please enroll in Church Payroll. Note: You will be required to provide federal and/or state documentation to support any request for tax-exempt status. Officer Only Payroll — If your business is an S-Corporation without any employees except officers of the business. Officer-Only Payroll supports S-Corp 2% Owner earnings to reimburse owners for health and insurance premium expenses and reports this compensation in W-2 boxes 1 and 14. Restaurant Payroll — If your business serves food and/or beverages and your employees are compensated with credit card tips, cash tips, and/or multiple pay rates.
Views: 871 Youtube Review News
Payroll for Small Businesses
 
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http://www.birdi.ca Payroll for small businesses is very common. You need make sure you are in compliance with the CRA for payroll calculations, remittances and annual tax form filings. This video will help guide you in the right direction of what you need to be aware about. CRA Online Payroll Calculator Link: http://www.cra-arc.gc.ca/esrvc-srvce/tx/bsnss/pdoc-eng.html CRA Online Payroll Remittance Link: http://www.cra-arc.gc.ca/mypayment/ Birdi Chartered Professional Accountant www.birdi.ca Follow us on Twitter: https://twitter.com/birdicpa Add us to Google Plus: https://plus.google.com/+BirdiCharteredProfessionalAccountantBrampton Read our blogs at: http://www.birdi.ca/blog Ask a Question on our forum: http://www.birdi.ca/forum View our tax preparation services: http://www.birdi.ca/services Disclaimer: The information provided on this video is intended to provide general information. You should consult with a tax professional to full determine the scope of your situation, Gurrai Birdi and Birdi Chartered Professional Accountant shall not be held liable from usage of the information provided on this page.
How to Choose the Right Payroll Provider for Your Business
 
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Doing payroll is one of necessary but mundane parts of running a business. Why not make it easier by using a payroll service? Guest host Will Lopez -- Founder and Owner of Advisorfi.com -- will guide you in finding the right payroll provider for you. Here are the 6 factors to consider when choosing a payroll provider: 1) Convenience of payroll service 2) Easy setup 3) Transparent cost 4) Included services 5) Available integrations 6) Reliable customer support To learn more about payroll and staying compliant, check out these articles: - [READ] How to delegate payroll without making it awkward: https://gusto.com/framework/payroll/small-business-payroll-privacy/ - [READ] How to switch payroll providers: https://gusto.com/ask-gusto/payroll/how-switch-payroll-providers/ - [WATCH] What to do if you get a tax notice [https://goo.gl/qKyxE7] - [READ] How to pay your employees a per diem: https://gusto.com/ask-gusto/payroll/per-diem-rates/ - [READ] Hey business owner, you're thinking about your salary all wrong: https://gusto.com/framework/payroll/small-business-owner-salary-calculator/ Who is Gusto? Gusto serves over 40,000 small businesses across the country with a refreshingly easy payroll, benefits, and HR solution. To learn about Gusto, visit: https://www.Gusto.com. Who is Advisorfi.com? Advisorfi.com is an online accounting and consulting firm for the next generation of business owners. Check out their channel at https://goo.gl/1APR7p For more small business answers, visit us at: https://www.gusto.com/ask-gusto
Views: 384 Gusto
Best Payroll Service Provider for Small Businesses 2019
 
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Many business owners struggle to find an accountant for small business who is both affordable & able to perform the various functions they need. Fortunately, at least when it comes to selecting a good payroll company, there are a few things that can help steer your search. https://goo.gl/wn98LU
Views: 956 Completecpa
How To Start A Payroll Company - Starting On The Internet
 
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http://www.123marketingtips.com - How To Start A Payroll Company - Having started a couple different businesses here's some help. I wanted to pull out the camera and talk to you about "how to start a payroll company" for the stern facts of how people are making incomes with this business so number one you can get a good idea of what is really required and secondly if it's really the right business for you! If you made it to the end of this video on how to start a payroll company, and would like to learn the skills needed for building a truly leveraged business without dealing with supplies or equipment and employees using the internet, visit my training site above.
Views: 1797 TakeOver WithBrando
Payroll Service: A Good Business for Today
 
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I owned a payroll service in the 1990's. Is it a good business to start today? My opinion! You can see my blog postings, Facebook, LinkedIn, Twitter and Instagram sites by clicking on the links below: Retired….What Now blog: http://www.retiredwhatnow.net/ Facebook: https://www.facebook.com/retiredwhatnow/ LinkedIn: http://www.linkedin.com/in/JohnWWyckoff/ Twitter: http://www.twitter.com/retiredwhatnow/ Instagram: https://www.instagram.com/retiredwhatnow/
Views: 111 Retired - What Now?
QuickBooks Online Payroll DIY- QuickBooks US
 
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QuickBooks Online offers two choices for your payroll. So whether you want to run your own payroll or have a payroll expert handle everything for you, QuickBooks has you covered. See how easy it is to handle setup, run payroll, and file payroll taxes straight from QuickBooks. Run your whole business better with QuickBooks. Be sure to SUBSCRIBE to our United States YouTube Channel and if you have any questions, feel free to leave a comment! http://quickbooks.intuit.com/ https://www.facebook.com/IntuitQuickBooks https://plus.google.com/+quickbooks/posts https://twitter.com/QuickBooks
Views: 38125 QuickBooks
Payroll Services For Small Business | Online Payroll Services
 
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Payroll Services For Small Business payroll services payroll payroll service small business online payroll services construction reporting payroll provider construction payroll how to do certified payroll employees certified payroll intuit demo payroll4construction payroll services small business payroll services for independent contractors payroll services cost payroll services in southern california payroll services moh online payroll services sage payroll services payroll outsourcing services payroll services for small business payroll services near me payroll services pricing payroll services for one employee payroll services intuit payroll services online payroll services company payroll services adp payroll services for nonprofits
Views: 1423 Tim Arnold
Payroll For Small Business, Things to Know Before Hiring a Payroll Company For Your Small Business
 
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Call 1-888-823-2811 After Watching This Informative Video On How to Obtain Payroll Services for Your Small Business. 1 Free Month of Payroll Services is Included and You Will Receive a Free Quote When You Call. To Embed This Video, Use http://www.youtube.com/watch?v=S_U-pvyOMxM&feature=youtu.be . Thanks!
Views: 1626 marck brown
Excel & Business Math 30: Payroll Time Sheets, IF Function, Sheet Reference for Overtime & Gross Pay
 
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Download Start Excel File: https://people.highline.edu/mgirvin/AllClasses/135NoTextBook/Content/05BankingPayroll/ExcelBusinessMathVideo30ExcelTimeSheets.xlsx Download pdf Notes: https://people.highline.edu/mgirvin/AllClasses/135NoTextBook/Content/05BankingPayroll/ExcelBusinessMathVideo30ExcelTimeSheets.pdf Entire Class Web Site: https://people.highline.edu/mgirvin/AllClasses/135NoTextBook/135/135NoTextBookClass.htm In this video learn how to create Daily Time Sheets for the whole week, then use Sheet References, the IF Function and the ROUND Function to calculate the correct Gross Pay, including Overtime, for each Employee. Excel & Business Math Class (Busn 135) taught by Michael Girvin at Highline College / Mike Girvin at excelisfun Channel at YouTube Channel. Topics in Video: 1. (00:01) Introduction 2. (01:04) Formula For Daily Employee Total Hours Worked 3. (04:57) Summary Table of Employee Hours for the Week 4. (07:47) Sheet Reference to pull Employee Weekly Hour Total to Gross Pay Sheet 5. (11:38) IF Function to calculate the correct Regular Hours for each Employee 6. (15:52) Overtime Hours Worked Formulas 7. (16:46) Regular Hours Gross Pay with ROUND Function 8. (18:26) Overtime Gross Pay with ROUND Function 9. (19:56) Total Gross Pay for each Employee for the week 10. (20:14) Summary Next Video: 31 Excel & Business Math
Views: 5862 ExcelIsFun
payroll services for small business cost  payroll processing cost average payroll cost per employee
 
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payroll cost https://mbsy.co/jaredbrown/40665374 https://www.samoos.press/blog/payroll/payroll-cost/ Basic Cost. Payroll companies generally charge a basic package fee. Fees may range from as small as $25 to as high as $200 per month in 2017. This cost typically includes paycheck processing, online access for employers and employees, direct deposit and basic tax filing. employer costs incurred for employees' services. Payroll costs consist of the actual cash paid to the employees and the withheld amounts (liabilities) for employee's federal income taxes, FICA, and various voluntary health and benefit plans. Some Guidelines for Acceptable Percentages. According to Second Wind Consultants, a sound goal for most businesses' payroll percentage is 30 percent to 38 percent of gross sales. If your payroll costs you as much as 50 percent, you may find yourself struggling frequently. Labor burden costs include benefits that a company must, or chooses to, pay for employees included on their payroll. These costs include but are not limited to payroll taxes, pension costs, health insurance, dental insurance, and any other benefits that a company provides an employee. Outsourcing your payroll duties to a payroll service provider can save your small business time and money. The average cost of a payroll company depends on your payroll needs. ... Small businesses with a maximum of 10 employees usually pay more than bigger companies per employee On average, basic payroll processing has a per-employee or per-check fee, in addition to the base account fee. While base account fees vary widely from one provider to the next, you can expect to pay anywhere from $20 to $100 per month, plus an additional $1.50-$5.00 per payroll run for each employee. payroll costs. employer costs incurred for employees' services. Payroll costs consist of the actual cash paid to the employees and the withheld amounts (liabilities) for employee's federal income taxes, FICA, and various voluntary health and benefit plans. Payroll expense is the amount of salaries and wages paid to employees in exchange for services rendered by them to a business. Get strategies for controlling your payroll costs without shortchanging your staff, limiting your growth potential, or jeopardizing customer service Basic Payroll Outsourcing Costs In 2017, the vast majority of outsourced payroll companies charge a basic package fee, ranging in cost from $20 to $250 per month. The cost of outsourced payroll includes direct deposit, paycheck processing, standard tax filing, and an online portal accessible by both employers and employees. The costs associated with a basic payroll package take into account all of your company’s pertinent details, such as state of residence, the complexity of your jurisdiction’s payroll tax, pay period frequency, and employee quantity. For example, a company of 25-35 employees that uses well-known payroll processing companies like ADP pay up to $1,500 a month for basic services. In many cases, larger companies will receive discounted package fees, bringing the per capita payroll cost down for large employers. For small businesses—like many field service companies—this cost can make a bigger difference. Frequency of Pay Periods Many companies who outsource their payroll have to change their pay periods to avoid additional costs to process payroll transactions. If your company pays weekly or biweekly, you could incur additional costs compared to a business that pays monthly. Changing pay frequency can negatively impact employees. So, before engaging with a payroll company, ensure you can afford the additional costs. Carefully weigh the benefits of changing your pay periods. Many payroll services charge the basic fee, regardless of the pay periods, and adjust the cost accordingly based on the frequency of payroll transactions. For example, you may experience $20 weekly, $30 biweekly, or $40 monthly fees. For weekly pay periods, you could end up spending double the cost for monthly pay periods. These fees on top of your basic package cost can add up. If your payroll company mails paper checks to your business, you may incur additional fees for printing and delivery. Even if you get free standard delivery, additional charges for expedited or out of state deliveries may exist. Payroll Tax Assistance Although most basic packages cover tax assistance, many companies will charge extra for end-of-the-year processing to get ready for tax season. The additional payroll outsourcing can cost an extra $25 to $75 per employee, as can W-2 printing, mailing, and reporting. Additionally, the complexity of your payroll becomes a consideration, just as it does with the basic payroll package. If you have employees in multiple states, payroll companies will often slip in extra fees to handle their taxes. If you outsource your payroll, note the existence of such fees before choosing a company. In some cases, you can save a lot of money managing payroll yourself.
Views: 399 Youtube Review News
SurePayroll® - Small Business Payroll
 
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See how SurePayroll helps small businesses make their every day a lot easier. Homepage - https://www.surepayroll.com Small Business Payroll - https://www.surepayroll.com/industry/small-business Guided Tour - https://www.surepayroll.com/payroll/tour Get A Payroll Quote - https://www.surepayroll.com/payroll/instant-payroll-quote Tax Pay & File Guarantee, 1 Month Free Trial, Fast Set-up, US-Based Support. No Long Term Contracts. No Set-up Fees. A Paychex Company. We Pay & File Taxes. Save up to 50% Services: 1 Month Free Trial, Support Evenings/Weekends, No Contract, One or Same Day Payrolls, Mobile Payroll App, Direct Deposit.
Views: 2266 SurePayroll Inc.
Chapter 13 Recording Employer Payroll Taxes Work Together 13-2
 
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This screen recording demonstrates computation and journalizing of employer tax liabilities.
Views: 32983 MrsDePriestSHS
Getting Started with Square Payroll
 
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Square Payroll: Automatic tax filings, sick leave, timecard hours, and more—https://squareup.com/payroll This video will go over how to sign up for Square Payroll if you are brand new to payroll. This means you haven’t paid payroll taxes for this business before. If you have paid taxes for this business, please watch Switching to Square Payroll for Existing Businesses. ----- This video will go over how to sign up for Square Payroll if you are brand new to payroll. Step one is signing up for a Square account. If you don’t have a Square account, go to squareup.com/payroll and create one by entering your email address and a password. If you already have a Square account, sign in. Are you currently paying payroll taxes? Select no, not yet. This screen lists the helpful state specific information you will need in order to sign up. Once you have these numbers ready, proceed to the next screen. Here you will add your employer taxpayer information like your EIN, Business Type, Legal Business Name and Address. This information should match what your EIN is registered under. Next, enter the bank account you’d like us to use for payroll withdrawals. If you already have a Square account you may use the same bank account or add a new one here. The next business day Square will deposit and then withdrawal two small amounts to and from your bank account. Before you run payroll we’ll ask you to confirm those deposit amounts. Next, choose how often you want to pay your employees. Then select a date for your first pay period to begin. Don’t worry, you can change the pay schedule and pay period start if you need to before processing your first payroll. Next, you will be asked to authorize Square Payroll as your Reporting agent. The information entered on this form must match what you’ve registered with the IRS. This form authorizes us to pay and file taxes on your behalf and will be submitted to the IRS. Finally review all of the information you’ve entered. It’s extremely important that your information is accurate and up to date. Congrats! You are all signed up for Square Payroll!
Views: 29861 Square
How Do I Pay Myself in a Single-Member LLC? - All Up In Yo' Business
 
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Learn more about 180 Law Co. LLC by visiting http://180lawco.com. One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed. Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations: 1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes, including self-employment taxes, on the full $100k. (For simplicity’s sake, I am pretending there are no deductions or anything.) So you need to set aside enough money to make sure you can cover your taxes. 2. The business has to remain adequately capitalized. This means that you need to keep enough money in the business to cover all your overhead, debts, bills, salary for employees, etc. You should also leave some extra “padding” for possibly building up your business, purchasing equipment, and whatever else you may decide to do with your business. In the books, any payments to yourself should be recorded as “Member Distribution” or “Member Withdrawal.” If the LLC elects to be taxed as an S Corporation, on the other hand, you have to be paid a “reasonable” salary. Self-employment taxes will only be paid on that salary rather than on the full amount of profit the business earns. Any money that the business owner takes above that reasonable salary is considered a dividend and won’t be subject to self-employment taxes. To learn more about S Corporations, watch my earlier video What the Heck is an S Corporation at http://youtu.be/i5to7Da3wMw?list=UUNh7tqEn68tf0oOfq4NsFsg If your LLC is not taxed as an S Corp, you don’t need to put yourself on payroll, since those member distributions aren’t treated as normal payroll. If your LLC is taxed as an S Corp, then the salary you earn can be part of your payroll, and any additional dividends will be separate from that. Whether or not you elect to have your LLC taxed as an S Corp and how to handle and record the money that you pay yourself is an important conversation that should be had with your accountant, bookkeeper, & attorney. Doing it the “right” way can help minimize your tax liability and can make your life (and that of your accountant) much easier come tax time. Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 392781 180 Law Co. LLC
The Benefits of Payroll Services For Your Business
 
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Save time by utilizing an outside resource for fulfillment your payroll requirements. Keep your business in good standing by ensuring your business is properly issuing payment to your employees. Visit MyCorporation.com or call (877) 692-6772 to incorporate your business today! Social Media Instagram: https://www.instagram.com/mycorporation/ Facebook: https://www.facebook.com/MyCorp?ref=aymt_homepage_panel LinkedIn: http://www.linkedin.com/company/mycorporation Twitter: https://twitter.com/mycorporation Blog: http://blog.mycorporation.com/
Views: 1800 MyCorporation
how to do payroll for a small business nj
 
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how to do payroll for a small business nj
Views: 126 Brian Bloggins
Accounting, Human Resources, Payroll Overview for Start Up Businesses in California
 
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★ Remember to LIKE, COMMENT and SUBSCRIBE to push me higher in the search rankings! ★ === === === === http://jeffersonkim.com/2013/09/13/accounting-human-resources-payroll-overview-for-start-up-businesses-in-california/ This guide assumes you know 0% about all the numerous laws, best practices, etc., about running a business. I obviously can't cover everything, but I can at least bring to your attention some of the most important aspects to minimize your liability (AKA the risk of you getting sued). Accounting Payroll Human Resources - Break Even Analysis -- Fixed Expenses -- Variable Expenses -- Income Sources (variable vs. fixed) -- Break Even Point FIRST OFF Do you have: - Need an Federal EIN http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online - Need a State Employer ID https://www.ftb.ca.gov/businesses/faq/701.shtml ACCOUNTING I'll actually break accounting up into multiple parts: - Accounts Payable - Credit Cards - Checks - Accounts Receivable - Timeframe - Keep Track of Accounts and Review - Bookkeeping - Quickbooks - Download Transactions Online - CATEGORIZE!!! - Look at Reports to adjust your "break even" analysis to be more accurate PAYROLL - In house, or Outsource (http://www.amesoft.com/) - Payroll Taxes - Hourly / Salary - Overtime: http://www.dir.ca.gov/dlse/faq_overtime.htm - Meal periods: http://www.dir.ca.gov/dlse/faq_mealperiods.htm - Paid Break - Rest Periods: http://www.dir.ca.gov/dlse/faq_restperiods.htm - Time management software for clock in and clock out times - May come with payroll company - TimeTrex (open source) - Numerous other options - WHY do this? - Unemployment: http://jeffersonkim.com/2012/09/20/unemployment-from-a-business-owners-perspective-in-california/ http://www.edd.ca.gov/UIBDG/default.htm http://www.edd.ca.gov/pdf_pub_ctr/de2088c.pdf Write Ups and notifications. DOCUMENT EVERYTHING!!! HUMAN RESOURCES - Protected Classes http://www.nolo.com/legal-encyclopedia/california-employment-discrimination-31690.html - Applicable to Hiring, Firing, EVERYTHING - At Will Employment http://en.wikipedia.org/wiki/At-will_employment - Employee Handbook not 100% necessary at this stage - New Hire Packet W-4 I-9 Lunch & Break Notice MPN Notifications Healthcare Notifications (http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf)
Views: 2246 Jefferson Kim
RUN Powered by ADP® - Small Business Payroll and HR Solutions
 
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RUN Powered by ADP® is fast, easy, and affordable payroll software — and it’s designed specifically for business owners like you. With cloud-based payroll software and automatic tax filing, you can focus on the stuff that really matters while RUN handles the rest. RUN integrates with ADP's HR, Retirement, Insurance and Time tracking products, so everything is together in one place. Even better, RUN's employee tools help your people manage their own payroll--one less thing for you to do! Learn more at https://www.adp.com/solutions/small-business/products/run/payroll.aspx
Views: 9253 ADP
ADP Small Business Payroll Services
 
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Join the more than 425,000 small business owners that put their trust in ADP payroll services and, for a limited time, get one month of free payroll. ADP Small Business Payroll makes running payroll fast and easy. Just a few clicks, anytime, anywhere -- whether you're in your office or on the go. And, with eDelivery you and your employees don't have to wait for paystubs again! Plus, get the convenience of online timesheets, expert HR services, and 24/7 payroll support. Stop searching -- and start spending more time growing your business with ADP. Go to http://www.adp.com/payroll now for a no obligation price quote -- and get a month of ADP Small Business payroll free! Terms apply.
Views: 11311 ADP
New free payroll service for small businesses
 
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Are payroll hassles hampering your ability to run a small business? Take heart, there's new human resources software that's free to use!
Business & Office Tips : How to Calculate Payroll Deductions
 
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There are a couple of different ways to calculate payroll deductions, with the first being to find out what local rates are for deductions through taxes. Find out about software programs for calculating payroll deductions with help from a business professor in this free video on running an office. Expert: John Niemira Bio: John Niemira is a business professional who has been in the business industry for many years. Filmmaker: Michael Burton
Views: 2937 eHow
Which Payroll Provider is Best for Small Businesses
 
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CEO Stephen King and Onboarding Manager Marsha Gibb talk about the best payroll providers and how it relates to the back office.
Views: 219 GrowthForce
ADP Workforce Now Payroll for Mid-Sized Businesses
 
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Experience payroll and tax filing made easy with ADP Workforce Now Payroll, the best-in-class, affordable solution that quickly and accurately processes payroll and equips your employees with anytime, anywhere self-service access to their information. Minimize mistakes with automated tax calculations and filing, as well as proactive error detection. Rest easy – your compliance worries are a thing of the past. Understand trends and develop insights about your business with intuitive reporting and data visualization. Automatically connect payroll with other capabilities within ADP Workforce Now, including HR management, benefits administration, time & attendance, talent management, analytics and more. And integrate with other HR and business systems simply and securely with connectors, APIs and pre-built integrations available through the ADP Marketplace (marketplace.adp.com). Visit www.adp.com/workforcenow for more information.
Views: 6286 ADP
Payroll Services For Small Business - Focus on your business
 
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Payroll Services For Small Business - Call (888) 650-7150 to get free quote for your business needs. Small Business Payroll See why more than 500,000 businesses choose Paychex as their payroll provider. Phone, Fax, or Email Submit payroll directly to your local payroll specialist and receive a small business payroll package in the mail, included with processed checks and essential management reports and supplies. Why Choose Paychex Payroll Services? Because we're dedicated to helping your business succeed. When your small business works with us, you'll get expert, one-on-one service and support from your local Paychex team. It's a better payroll experience that is service focused and customized to meet your unique needs. Work With Local People You Know When we ask our small business payroll clients what they like best about Paychex Payroll, many mention their dedicated, local Paychex representatives by name. Payroll Your Way You're the boss — choose from small business payroll submission and management options designed to fit your needs and the way you're most comfortable doing business. Online and Mobile Paychex makes it easy to submit payroll online, view reports, import payroll to QuickBooks® and other software, and save time answering employees' payroll questions. Payroll Services For Small Business - Call (888) 650-7150 to get free quote for your business needs. payroll services for small business small business payroll payroll for small business payroll services online payroll outsourced companies
Views: 2909 Andrew Willson
Payroll in RUN Powered by ADP®
 
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It’s easy to run your payroll in RUN Powered by ADP®. In just a few short clicks, you can review employee timesheets, preview taxes, and be finished with payroll--so you can get back to running your business.
Views: 3040 ADP
Sage Business Cloud Payroll (UK) - Review your employees' P11 values
 
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Before you submit your end of year return to HMRC, you must review your employees’ pay to make sure their values and the information you submit are correct. You can do this using the P11 reports. You can also use these reports to easily review an individual employee’s total pay to date. As well as a detailed breakdown of pay and deductions for each pay run throughout the tax year. You don’t submit P11 reports to HMRC. However, you must keep them for at least three years in case of an HMRC inspection.
Income Tax Withholding-Math with Business Applications, Payroll Unit
 
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This video lecture demonstrates how to determine the federal withholding tax using both the wage bracket method and percentage method. https://sites.google.com/site/swtcmath A corresponding fill-in-the-blank note page is available here: https://sites.google.com/site/swtcbusmath/home/payroll/6.3.6.4%20classnotes.docx?attredirects=0&d=1 This lecture video, presented by Southwest Tech mathematics instructor Helen Mar Adams, corresponds to our Math with Business Applications course. Southwest Wisconsin Technical College, copyright 2016.
Wave Accounting Tutorial - Canadian payroll and tax (small business accounting)
 
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Visit Wave on GetApp - http://www.getapp.com/finance-accounting-software/a/wave-accounting/ Wave is great for freelancers to small businesses that need... - Real accounting, for non-accountants - Billing, invoicing and payroll - Real double entry accounting - Investment tracking - Financial reporting (Ledger, A/R, A/P, Income, Balance She - Bank integrations to eliminate manual entry - Multi-currency - Seamless invoicing & payroll - Personal finance tracking Visit Wave on GetApp - http://www.getapp.com/finance-accounting-software/a/wave-accounting/
Views: 1968 GetApp
Gusto Demo: Refreshingly intuitive payroll, benefits, and HR for small business
 
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See why Gusto is the best all-in-one payroll, benefits, and HR for small and mid-sized companies. We automate the adminstrative stuff so you have more time for meaningful work. Take a quick tour to see how easy it is to run payroll, track time off, integrate your benefits, and more. Learn more at www.gusto.com.
Views: 127061 Gusto
Payroll Software for Small Business
 
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Designed with simplicity in mind, ezPaycheck payroll software speeds up tax calculation, paycheck printing and tax form reporting. Free download version is available at http://www.halfpricesoft.com/index.asp
Views: 841 Halfpricesoft
Wave Accounting Tutorial - How to setup payroll (small business accounting)
 
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Visit Wave on GetApp - http://www.getapp.com/finance-accounting-software/a/wave-accounting/ Wave is great for freelancers to small businesses that need... - Real accounting, for non-accountants - Billing, invoicing and payroll - Real double entry accounting - Investment tracking - Financial reporting (Ledger, A/R, A/P, Income, Balance She - Bank integrations to eliminate manual entry - Multi-currency - Seamless invoicing & payroll - Personal finance tracking Visit Wave on GetApp - http://www.getapp.com/finance-accounting-software/a/wave-accounting/
Views: 3265 GetApp
How to Pay Yourself in a Single Member LLC
 
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In today's video, I share with you the proper method to pay yourself if you own a Single Member LLC. Single Member LLC's are one of the most powerful and flexible legal entities that most online entrepreneurs use to protect not only their business, but also their personal assets. However, if you don't set up the LLC properly, it won't provide you any protection at all. Today we talk about how to pay yourself if you have set up a Single Member LLC. This will be especially helpful for you solopreneurs out there who are building businesses on the side. To schedule a phone conference: http://bit.ly/2KLHyIE Support my channel on Patreon: http://bit.ly/2E3FOd7 I've written a more in depth blog post on this issue at my website: http://bit.ly/2a2GMYy I have also prepared a business building legal checklist that you can download at the following link: https://www.hawthornlaw.net/cheatsheet For more information, you can check me out at: http://www.hawthornlaw.net Or find me on Social at: Twitter: http://www.twitter.com/hawthornlg Snapchat: @jimhart518 Facebook: http://www.facebook.com/hawthornlaw Or join our free online community at: http://www.hawthornlaw.net/facebook
Views: 227160 Hawthorn Law
Small Business Payroll:  How to Print Paychecks In House
 
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ezPaycheck payroll software simplifies small business payroll processing and check printing. Test drive ezPaycheck 30 days free with no obligation at http://www.halfpricesoft.com/index.asp
Views: 4669 Halfpricesoft
Grow your payroll business and help increase profitability with ADP
 
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Hear the story of Steve Roderick, owner of Roderick’s Payroll & Bookkeeping Services in Massachusetts, and how becoming a wholesale partner with RUN Powered by ADP® Payroll for Partners allowed Steve to grow his business nearly 40% in his first year working with ADP. Powerful technology and the ability to offer client’s additional services to help streamline their business processes have helped Roderick’s Payroll quickly grow from 80 to over 200 payroll clients.
Views: 841 ADP
Introduction to Payroll
 
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Payroll is an essential part of any business. If your payroll isn't running smoothly, how can your company? In our intro to payroll video, we outline everything you need to know about your Attache Payroll system. Let us know if you have any questions [email protected]
Views: 79846 SPSStraining
Payroll & Benefits: HR Essentials - How To Start A Business
 
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Click here for full course playlist: http://www.youtube.com/playlist?list=PL7x45KHuu46kNRyey1quSft2GFoz-iJSS Jason Nazar, Founder and CEO of Docstoc, takes on a broad topic that most people over-complicate: starting and running a successful business. He breaks entrepreneurship down into various simple ideas, insights, and self-reflections that will help you get started and follow through with your business. This incredibly comprehensive course will show you how to examine your business idea, pitch to investors, get funding, hire your first employees on a budget, follow in the footsteps of other successful CEOs, court mentors and attract excellent board members, hire an amazing first team, monetize your product, track your revenue, market your product for free, get customers and keep them, and so much more. Start the course, and start your business, today! For more information and resources, be sure to check out http://www.docstoc.com. There you'll have access to an array of valuable tools to help you start and grow a business. And for additional video courses, check out http://www.docstoc.com/courses.
Views: 2066 docstocTV
Gross Earnings: Wages & Salaries-Math with Business Applications, Payroll Unit
 
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This video lecture features coverage of various methods used to compute gross earnings. Regular pay and overtime pay computations are also demonstrated. https://sites.google.com/site/swtcmath A corresponding fill-in-the-blank note page is available here: https://sites.google.com/site/swtcbusmath/home/payroll/6.1.6.2%20classnotes.docx?attredirects=0&d=1 This lecture video, presented by Southwest Tech mathematics instructor Helen Mar Adams, corresponds to our Math with Business Applications course. Southwest Wisconsin Technical College, copyright 2016.
How to maintain company Salary payroll in Tally erp9(HINDI) All step with examples
 
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How to maintain company Salary payroll in Tally erp9(HINDI) All step with examples
Views: 350408 Anirban Sarkar
Excel & Business Math 36: Comprehensive Excel Payroll Example: SUMIFS, MROUND, MOD, VLOOKUP & More
 
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Download Start Excel File: https://people.highline.edu/mgirvin/AllClasses/135NoTextBook/Content/05BankingPayroll/ExcelBusinessMathVideo36ComprehensivePayroll.xlsx Download pdf Notes: https://people.highline.edu/mgirvin/AllClasses/135NoTextBook/Content/05BankingPayroll/ExcelBusinessMathVideo36ComprehensivePayroll.pdf Entire Class Web Site: https://people.highline.edu/mgirvin/AllClasses/135NoTextBook/135/135NoTextBookClass.htm In this video learn how to create a complete payroll table solution based on the topics learned in Videos #29 to 35. Learn about the SUMIFS Function for the first time. Excel & Business Math Class (Busn 135) taught by Michael Girvin at Highline College / Mike Girvin at excelisfun Channel at YouTube Channel. Topics in Video: 1. (00:01) Introduction 2. (02:15) Formula for: Hours Worked, using the Functions: SUM, MOD, MROUND 3. (06:42) Formula for: Total Hours, using the Function: SUMIFS 4. (11:25) Formula for: Regular Hours, using the Function: IF 5. (13:26) Formula for: Overtime Hours 6. (13:48) Formula for: Regular Gross Pay, using the Function: ROUND 7. (14:24) Formula for: Overtime Gross Pay, using the Functions: ROUND 8. (14:57) Formula for: Total Gross Pay, using the Functions: SUM 9. (15:16) Hide Columns 10. (15:56) Formula for: Cumulative Gross Pay After This Paycheck 11. (16:24) Formula for: Social Security Deduction, using the Functions: MEDIAN, ROUND 12. (18:42) Formula for: Medicare Deduction @ 1.45%, using the Functions: MEDIAN, ROUND 13. (20:09) Formula for: Medicare Deduction @ 2.35%, using the Functions: MEDIAN, ROUND 14. (22:30) Formula for: Taxable Pay, using the Function: MAX 15. (23:30) Formula for: Federal Income Tax Withholding, using the Functions: VLOOKUP, ROUND 16. (26:03) Formula for: Total Deductions 17. (26:30) Formula for: Net Pay 18. (26:44) Summary Next Video: 37 Excel & Business Math
Views: 4425 ExcelIsFun