3 Tips to Setup Payroll for a New Company

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Whether you are starting a new business or you are planning to change the payroll system for an existing company, there are several considerations that need to be made to ensure success with the new system. Setting up the right system is a critical step to make sure that payroll processing in the future will run smoothly and efficiently.

Follow these three tips when you are getting started with your new payroll system:

Setup a Pay PeriodPayroll Processing in Temecula

It is critical that you have a structured pay period in place, in order to keep the administrative work to a minimum and to set the right expectations with your employees. Some companies choose to pay on a monthly basis, or you might also consider bi-weekly or any other increment that works best for your business. Have the payroll calendar clearly outlined for employees, so that they know the right day to turn in their time cards if they want to be paid.

Fill Out Employee Paperwork

Even if your payroll system is in the cloud, you need to ensure that you have the right employee paperwork for the payroll process. Each employee needs to fill out the W-4 federal income withholding form, and you need to check their identification to make sure that each employee can legally work in the United States. This paperwork will keep you protected, and you will have the peace of mind to know that you are following the legal requirements for payroll.

Hire a Professional

Some business owners make an attempt to setup their payroll system on their own, because they think that they have enough information to get it done without help. But, it is very valuable to hire a professional payroll service company to help with the setup process. An expert will understand the small nuances that need to be considered, and they can make sure that the system is setup correctly to avoid problems in the future.

If you need help setting up a new payroll system, or you are looking for on-going services to manage your payroll, we are here to help! Contact R&R Payroll & Bookkeeping Services for more information: (951) 296-0412