Some businesses must manage payroll for less than 20 employees, but figuring out the process can prove difficult. Employee benefit services can provide assistance, and give companies the tools and resources necessary to make sure employees receive their paychecks consistently.
Setting up a payroll system may appear challenging at first, but the U.S. Small Business Administration offers recommendations to simplify the process. Employers will need to acquire an Employee Identification Number, which allows companies to report taxes to the Internal Revenue Service (IRS). Employers should examine whether state or local ID numbers may be necessary for tax purposes, along with employee pay schedules to finalize payroll.
Businesses can utilize Automatic Data Processes Inc. (ADP) to handle their payroll needs. ADP serves approximately 570,000 companies worldwide, offering payroll management support to businesses of all sizes. Companies can hire consultants to teach them about ADP's RUN payroll system.
Learning the payroll process can be time consuming, leading many companies to employ human resource software specialists to develop a payroll system. Consultants possess experience and knowledge of ADP and other employee compensation options to help companies in a variety of industries.
