Your Questions About Business Online Payroll
Laura asks…
Can anyone suggest a good small business payroll software?
My online business is really taking off; and I am about to hire my
first real employee. I need a software package that can help me manage my payroll. Any suggestions on which program to use?
Jere answers:
My church uses and highly recommends a payroll product from their bank, Bank of America. For such a small business, it should work great for you. My business uses QuickBooks and an add-on from them. We like it. Make sure you are ready for employees. Get an employee manual, try all compensation to reward the behavior you desire most. Have you read a great book for small businesses, “The eMyth Revisited?” Please do. It will help you so much. It changed my view of business.
Donald asks…
How to start my online business?
I want to start an online business. I’d want to sell Cellphone Charms, Jewelry (earrings and necklaces), Apparel (tops and hats maybe hats) and Bags (messenger, tote’s, etc), plush toys, paper goods(like stickers), and other goods. I live in Florida and it would be an at home business owned by me and no other workers on the payroll.
I have no idea what license’s I need to get started and I’m getting really confused by stuff online. Someone please help me out here.
Jere answers:
1st, sourcing products,
2nd, take phtoes, make details description of them
3rd, make a website, showing all the products u want to sell
4th, open a payment accoujt, like paypal.
5th, publicize, search clients,
6th, geting the first order successfuly, and get more and more orders.
Hehe.
Lisa asks…
Online payroll ideas; fastest way to pay employees?
Im starting my first online business. And Ive spent several days researching payment options. I want the fastest possible way to pay employees and of course I want it to be secure. Payments are recieved via a PayPal account, but I do have a debit card for the account, so if possible I can use that to debit money over to where ever. I do limit my employees to US citizens, but other than that, they could be in any state.
I read that they would have to have a premier or business PayPal account for at least 60 days in order for me to pay them that way. That excludes a lot of people.
I would like to pay weekly if possible.
Any ideas?
Lol, thanks for the advice everyone. Quickbooks looks really good. And I am not saying that internationals cant work for me, yes they are required to do an I9 and I keep a copy of US ID on file. Its not as strict as it sounds. Thanks though!
Jere answers:
Hi – I work at Intuit (the maker of QuickBooks). We have an online payroll solution called “Intuit Online Payroll” which includes free Direct Deposit (QuickBooks is not required). We’re offering Intuit Online Payroll for 6 months free, then just $9.95/mo staring the 7th month.
Here are the details if you’re interested in learning more:
http://payroll.intuit.com/payroll_services/online_payroll.jsp
Hope this helps!
Chris Kim
Thomas asks…
Online payroll service vs an accountant?
Can anyone who has tried both give me a POV from their own experience? I run a small business (general contracting) and have had a payroll accountant for 2 years. I usually have 2-4 employees at any given time. I am switching to another bank (PNC Bank) which offers online payroll services @ $39.99 a month vs $32 a week accountant. There would obviously be some extra effort on my part to do the payroll, but I think it’s worth it. I guess as long as the online service is up to date (always updated) on local and federal tax laws and reminds me when/how much/who to pay, then what do I have to lose except the liability factor in a real accountant? I think being able to change salaries and hourly wages on my own time and several other little things I can’t think of right now sure beats having to call or drive to the accountant between 9 and 5, or worse, forgetting to do so during those hours because I’m so busy. Bottom line to anyone who has made the switch is I’m wondering if it is overwhelming to do payroll online or is it worth the extra $$$ to have someone do it for me.
Jere answers:
Payroll for contracting is a lot more complicated than regular payroll. You must account for hours by job and if unionized, pay dues. If you have the time to do it, go for it. You can always rehire the accountant if it doesn’t work out.
Mandy asks…
What type of banking services do small business owners use?
how have banking services changed since businesses started direct payroll deposits, and online banking?
Jere answers:
There really is no need for SMALL business to use any king of actual business services at a bank, so says my bank. I started a small vending business under a doing DBA,’bossiness as’ name and they said since you’re so small just another checking account will do just fine. So I opened another regular checking account.
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