Payroll Basics: FAQs for Getting Started with Payroll for Your Business

Happy employees are employees who are accurately paid on time each pay day. That’s one area of running a business where no one likes surprises.
However, navigating payroll setup for a new business can get overwhelming quickly if you’re not organized or partnered with an outsourced payroll specialist.
Following is a comprehensive list of frequently-asked-questions that business owners often have when starting their payroll from scratch.

What gets deducted out of a paycheck?
Anatomy of a Paycheck: What to Deduct and Why
Wage Garnishments: What You Need to Know
Local Income Tax: What is it?

What payroll and tax forms do I need?
Important Payroll Tax Forms
Avoiding W-2, W-3, and 1099 Mistakes
Updating Your W-4 Form: When and Why?

What’s the difference between a W2 employee and a 1099 independent contractor?
Independent Contractor or Employee?
Worker Classification for New Jersey Employers Now as Easy as A-B-C

How often should I pay my employees?
The Ins and Outs of Payroll Frequency

How do I know what to pay my employees?
Small Business Payroll: Setting employee pay
Paying Employees for Travel: What’s Required by Law

How do I handle paid time off and special pay periods?
Dealing with Holiday Pay and Bonuses without Drowning in Accounting
Handling Pay and Time Off: Jury Duty and Election Day
Paying Employees on Maternity or Paternity Leave

What about when an employee quits or is fired?
What to Do When an Employee Quits
Small Business Payroll: Compensation of Terminated Employees

Oops, I made a payroll mistake…
5 Common Payroll Mistakes Business Owners Make
Payroll and Penalties
Retain Employees: Steps to Take to Reduce Chances of Payroll Errors
What to Do if You’ve Accidentally Overpaid an Employee

What kind of payroll fraud do I need to be aware of?
Fighting Small Business Payroll Fraud
Gone Phishing: How HR & Payroll Pros Can Be Proactive Against Scams
Combating Buddy-Punching in the Workplace

How can I stay organized at year-end?
Abacus Payroll’s Year-End Payroll Checklist
Must-Do End-of-Year HR Tasks for Small Business Owners

Should my payroll system be paperless?
The Case for Paperless Payroll
5 Ways to Improve Your Payroll Automation
Pros and Cons of Paying Your Employees with Pay Cards
Revisiting Pay Cards: What Are Your Legal Obligations?

What’s the best way to start bringing on employees?
Startup Corner: 4 Questions to Ask Before Hiring Your First Employees
Onboarding Done Right: Key Basics of New Employee Integration
6 Tips for Making Smarter Hiring Decisions

What should I know about Human Resources (HR)?
Small Business HR Mistakes to Avoid
6 Ways Extra HR Support Can Help Your Small Business
4 Consequences of Ignoring HR Issues
Don’t go at it alone. Payroll penalties are very expensive and your employees simply won’t tolerate paycheck errors. Contact Abacus Payroll at (856)667-6225 for a quote to help keep your payroll compliant and running smoothly We’re here to help!