How to set up a payroll process: 10 steps

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Starting or acquiring a business is a rewarding experience, and your employees would likely agree. The reward they’re thinking of, however, is a steady paycheck.

As an employer you shoulder a lot of responsibility, especially when it comes to employee compensation. Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government.

Having a firm grasp on these responsibilities and why they are important will help you set up a payroll process that encourages accuracy and is easy to run.

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