This is a brief, educational article about setting up payroll for startups and micro-businesses.
Nobody *likes* payroll. But every business needs it. And your people probably wouldn't show up without it. Still, payroll, especially payroll for startups, is simply a necessary evil. An administrative task you know you have to complete, but one you'd prefer to spend as little time actually thinking about and doing.
Setting up payroll for your startup should be pretty simple, as long as you get these key steps right...
Keep in mind, if you're running a startup, you're an employer. And as an employer, you are responsible for the following...
(Of course, there's a lot more. But those are the key responsibilities as they relate to payroll for startups.)
This is why many businesses, startups included, choose to outsource their payroll. It's one of the lowest-cost administrative tasks to outsource. And one of the biggest advantages of outsourcing payroll for startups is avoiding the hassles of cutting checks, reporting taxes and complying to a variety of rules and regulations most business owners aren't aware of in the first place.
If you're a startup and have any questions about payroll for your business - EVEN if you think it's a silly question - don't you dare hesitate to reach out to us. We have a team of experts on staff that would be glad to assist you.