Any small business owner can tell you that Payroll and paying Employees involves a lot more than writing a check every week or two. There are a number of laws governing Employee compensation and they change all the time. If you don’t want to have trouble with any of the various government agencies, you have to be well organized and stay up to date on federal and state guidelines.
The key to staying on top of things is setting up a good system that complies with all the applicable state and federal laws. To get started, the following is a step-by-step approach to setting up a simple payroll system.