The number one reason business owners turn to payroll service providers is to ensure that payroll taxes are withheld properly, tax forms are filled out properly and accurately, and taxes remitted to the appropriate agency on a timely basis.īut payroll services do a lot of other things as well. Withhold taxes and make timely tax payments.Decide on pay frequency: weekly, biweekly, semi-monthly, or monthly.Have your employees complete payroll forms (I-9 and W-4 for employee W-9 for contractors).Here are some of the tasks that you’ll need to take care of when paying employees: Payroll can feel like an overwhelming task, particularly to new business owners who may be paying employees for the first time, and who are wondering exactly how payroll really works. As a small business owner, one of the most important tasks you will need to undertake is paying your employees.
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