Payroll can be the largest outlay of cash for a business every month. If your business doesn’t handle it correctly, not only can there be a loss of cash, but common mistakes often lead companies into trouble with the government.
With this course, you will understand payroll and how to avoid problems. We review the basics of payroll cycles and how to manage payrolls, how employees are defined and more.
We explore what you need to do legally to meet all the government regulations that impact payroll, involving tax & labor laws. Then focus on how to calculate paychecks, take out the proper deductions and manage the actual payment to employees. Finally, we show you how to deal with all the paperwork and accounting procedures related to payroll.