The tag has no wiki summary.

learn more… | top users | synonyms

0
votes
1answer
48 views

How do payroll taxes work? [closed]

This may sound like a very naive question for a site on Startups, but...how do payroll taxes work? From what I can tell from doing database work at a company they seem to consist of percentages of ...
0
votes
0answers
38 views

Single Employee S Corp - Wage/Salary Options

I'm starting a self-employed S-Corp to perform software development services for which I will charge an hourly rate. I'm setting myself up as the sole employee of the S-Corp and will pay myself using ...
2
votes
1answer
133 views

Should I be an employee of my wife's single member LLC?

I'm a software developer and for the past 15 years I've been moonlighting in addition to my fulltime job. Back in 2009 my wife formed a single member LLC and we started running our side jobs (she's a ...
2
votes
3answers
281 views

Considerations in setting up a payroll schedule (pay periods & pay days)?

I am setting up payroll for the first time. So far in my research I have discovered that the state of Arizona requires: I must pay employees within 5 days of the pay period. I must schedule pay days ...
0
votes
0answers
48 views

How to find a Software Product Partner [closed]

We are into Human Resource Management Solutions (HRMS) Software since last 4 years and have done pretty well in the domestic market . We have our own Web Based solutions with 20+ modules in it with ...
1
vote
2answers
232 views

The startup I work for is slashing my last pay periods paycheck without notice

This question is not directly related to a creating or running a startup, but I guess this is one of the things that can happen at a startup and I'd love to hear responses from both sides of the ...
5
votes
6answers
282 views

DIY Payroll Processing?

I have tried (and been rejected by) a few online payroll solutions. As I am about to start (very soon) working with real employees, I need to find a way to do payroll more or less manually (though I ...
2
votes
4answers
319 views

Choose to pay the employees a little too much or a little too less?

We tend to think that the fair value of a work is the price of it, but it's hard to appreciate. As a web startup, what do you think is the best strategy, keep the pay a little too less to keep the ...
1
vote
5answers
59 views

Managing taxes, quarterly filings - what am I looking for?

I'm not sure what the name of the service or person(s) I'm looking for, so I'm asking here hoping I can find the right thing to search for, and maybe even some recommendations. We need someone we can ...
0
votes
1answer
54 views

How to perform payroll before official tax rates are known?

It is now 2012 and apparently the official 2012 tax brackets and rates have not yet been released (Publication 15). (If this is incorrect, please provide a link to the official information - I can't ...
2
votes
1answer
204 views

Taking a Paycheck from LLC

I recently created an LLC and was curious to how I should take a paycheck from the business account. Up until this point, I haven't taken a paycheck and will need to soon. The business has a bank ...
3
votes
3answers
317 views

Minimum wage laws and startups?

As a technical person, you see this a lot: "I've got this great idea to be the next $BIG_SITE. I need you to build a site for me - it should only take 3 months or so. Meanwhile, you can crash on my ...
2
votes
3answers
186 views

Qualifying someone as an employee vs a contractor

My wife and I have a very small catering company. We have recently gotten all of the business licenses and tax identification and things set up that we need. We have no full time employees, but we ...
2
votes
3answers
355 views

How much cash reserves should you plan to have before hiring?

We're at a point where we need to hire at 1-2 employees, and I'm not sure how much cash to have on hand. We're a SaaS product, with growing traction and on target to be cash-flow neutral next year. ...
5
votes
2answers
374 views

Are salaried employees always exempt from overtime in NY state?

Due to the new "Wage and Hour Law" in New York State, employers are required to have all new employees fill out a form at hire time and ALSO once a year. New York defers to federal regulation for ...
2
votes
1answer
108 views

Payroll concerns?

Has anyone used the online payroll system called "SurePayroll"? If so what were the pros and cons? Please tell the good, bad, and the ugly.
4
votes
1answer
301 views

How To Do Single Person LLC Accounting?

I am in a single person LLC, so I am allowed to file my taxes on my personal return and I don't have to cut myself paychecks. I would prefer to take all of the money out at the end of the year. ...
2
votes
5answers
1k views

LLC or S-corp for a 2 person California consulting company

My business partner and I currently work as independent contractors in California writing software and have decided to turn it into a real company. Ownership will be 50/50. All revenue will come from ...
1
vote
2answers
604 views

Can I pay a passthrough LLC member via a paycheck instead of a distribution?

I was doing the books for an LLC last year and our accountants told us that paying one of the members via payroll was not the correct way to pay them and that the member should be paid via a ...
2
votes
3answers
4k views

Examples of Manually Entering Payroll in QuickBooks for 1 person S-Corp

First, my apoligies if I'm on the wrong board. Please point me to the right site. I have a 1 person S-Corp in California and use Paychex for the payroll. I simply want to enter the data into ...
5
votes
5answers
1k views

Paying remote contractors?

Let's say I hire some remote contractors. Some are based in the US, and some are international. I want to pay the contractors on a bi-weekly basis. What is the best service to use for paying my ...
1
vote
2answers
93 views

Meeting with a Payroll Processing Service - What to Ask

I own an Internet business. I've been in business for a couple of years now and I'm doing pretty well - but the workload is becoming too much to handle on my own. I recently moved out of my home ...
0
votes
2answers
135 views

How to minimize income taxes prior to incorporation?

I currently have a few payroll payments that I need to make on behalf of my company. The company isn't incorporated yet, but I do plan on incorporating it within the next few weeks. The payments are ...