How to Run Payroll

For small businesses, payroll can seem daunting…but it’s doable. Here’s how to run payroll, including how to set it up and what your options are.

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▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬

00:00 Payroll Can seem daunting
01:02 Three Payroll Options
03:50 How to Set Up Payroll in Three Steps
06:47 How to Run Payroll in Five Steps
14:08 Final Thoughts

▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬

5 Steps for Running Payroll: A Small Business Guide | BerniePortal

Apply for an Employer Identification Number (EIN) Online | Internal Revenue Service

Form W-4 | Internal Revenue Service

How to Fill Out Form W-4 in | BerniePortal

Biweekly is Best: How to Think About Pay Schedules | HR Party of One

Is Overtime Calculated Daily or Weekly? | HR FAQ

Tax Withholding Estimator | Internal Revenue Service

Employment Tax Due Dates | Internal Revenue Service

Form 941 (Rev. March 2022) | Internal Revenue Service

How to Complete Form 941 | BerniePortal

2021 Form 940 | Internal Revenue Service

How to Fill Out Form 940 for Federal Unemployment Taxes | BerniePortal

2022 Form W-2 | Internal Revenue Service

How to Fill Out Form W-2 | BerniePortal

Employment Tax Recordkeeping | Internal Revenue Service

Fact Sheet #21: Recordkeeping Requirements under the Fair Labor Standards Act (FLSA) |

Department of Labor

▬ Social Media ▬▬▬▬▬▬▬▬▬▬▬

▬ Podcast▬▬▬▬▬▬▬▬▬▬▬▬

#hr , #humanresources , #hrtips , #payroll , #humanresourcestips , #smallbusiness , #hrpartyofone ,

[AdelitaWilliam-dlci]

I am learning so much from watching your videos. Thank you so much for sharing this amazing source of information. This one is quite helpful.

[margaretglushko]

I am a new in this field and I have been so stressed with running payroll. The thought of it makes me want to cry. I watched so many videos and they only made me more stressed. This video definitely brought some clarity and understanding on how to run payroll now I feel more confident. Thank you for your help! You have definitely gained a new subscriber!

[charlesbradford]

Excellent presentation. Pleasant and articulate narrator. Thank you for your effort.

[josephinebardot]

Your videos are very useful and provide lots of information. I have received lots of help after watching this post, please continue to share this kind of information. Thank you.

[ryanjohnson]

This is a great summary and very concise. Thanks!

[shadow_live]

Can you please make a video on Australian payroll as well

[Jonathan-bfcm]

saving to watch later, don't see any other videos that cover this and look as professional

[nadeemkhattak]

Nice.
Please include information on obtaining SUI and SIT for out of State payroll.

[kimberleetso]

is it better to get classes to be an accountant?

[D-untr]

I learn more vocab for my job in payroll and Im proud about me because i understan each time more. Thank you❤

[Sheilalalala]

This is really helpful!!! Thank you so much! I hope you can explain what is Social reintegration

[EPHONIC]

Does this all apply to a LLC elected as an S-Corp for taxes?

[blendfathullah]

Great, but how to generate a payslip for 1-2 staffs? Thanks

[alvinmendaros]

Thank You for making this video! It really helped my company as it grows and hires employees. 👍🇺🇸🙏

[nonagzone]

My adviser in kansas said I didn't need to pay unemployment tax

[farzadt]

Hi, thank you for the info. Quick question for you. Is there a software out there where I can use to process payroll for multiple businesses if I decide to start my own payroll processing company?
Do you think if I have less than 100 businesses signed up I can process everything under spreadsheet and Excel program?
Lastly, are there any requirements to become a payroll processing company or payroll experience is good enough.
Thank you!!

[Anna_ph]

Hi. Im Anna from the philippines. I worked as payroll analyst in my country for 23 yrs now. Is the US outsourcing payroll?

[kennethmorey]

Edit suggestion: on the W2 section you actually say W4

[HiraKhan-fnlp]

Nice, but this information is more about HR hiring process but not how you calculate hours written/clocked-in and prepare paychecks bi-weekly or monthly. Different companies probably use some program to calculate or auto-deposit in employees account but if the machine or program fails or malfunctions how do you go about it then? Thanks :)

[RolandMeroy-rq]

Jones Helen Rodriguez Melissa Martin Ruth