No matter if you have a single employee, or hundreds of them, every business has to set up a payroll system. A payroll service should be able to take care of employee compensation, pay off all payroll tax rates, and keep a record of all money that goes out of the company in the form of employee paychecks. If you’re looking to start a new business, here are the steps you should take to create a payroll program that will take the stress of employee compensations off your shoulders.
Apply for an Employer Identification Number (EIN)
If you’re planning on hiring employees, you’ll ne