Your Questions About Business Online Payroll
Donald asks…
What is the best way to handle payroll for only 1 employee?
I run a small online business and am looking to hire an employee. I currently do all the bookkeeping myself but have never done payroll before. Should I outsource or attempt to do it myself? If outsource, roughly how much would that cost? If I should do it myself, is there any software or websites recommended?
Jere answers:
I’d suggest you do it yourself. For a single employee outsourcing will probably be a bit expensive because most payroll companies have setup charges and monthly minimums. Get some quotes for your situation and decide for yourself.
There are dozens of simple inexpensive software programs available. Just Google “payroll software’. I used to do mine with an Excel speadsheet. If you’re familiar with how to set up cell equations it is very easy to set the spreadsheet up so that all you do is enter hours worked and the program spits out everything.
I have used Quickbooks and found it simple to set up and use.
Steven asks…
Where can I find (online) samples of cover/business letters?
I need to write to a letter to my employer to inform that my bank account info have changed (for the payroll) but I don’t have a clue about how to do that in english.
Jere answers:
Try Microsoft Word… They have the best templates.. Go to new in the right hand corner, click new, than letters, than click on business.. That easy.
Robert asks…
What is a good record keeping software for a small business ?
I run a small, online jewelry business and am searching for a cost efficient software to help me keep records. I need something that will make my tax preparation as painless as possible. I need something that will help me to keep track of my expenses and profits. I don’t have any employees so a payroll feature isn’t necessary but would be good for the future. Thanks.
Jere answers:
I use QuickBooks at both my day job and at my LLC.
It has options to assign tax form lines to expenses and that should help at tax time.
If have looked at a couple of the free bookkeeping packages out there and I have never liked them.
Sandy asks…
Small Business payroll?
I am working in a small office where total employees are 400 to700.
As I am a webmaster and in same office
My Manager told me to make payroll system.
Payroll will cover the following:
1.Each user will login with username and password, Access will be strictly denied the username and password is incorrect.
2.User will select Year, and month
3.If he have not filled his form, he will fill his form
4.If he has filled the form, he is able to have a printout of the form.
5.If there is a mistake, user can change it and make print again.
6.After filling the form, HR (Human resources Department) will Okay the form, once the form is okayed by HR, user cannot edit any field, anymore.
So, is there anyone who can tell me that:
•There is software for design such pay rolls and I should by it.
•There is online tutorial, and I should follow.
•Any other option.
Regards
Jere answers:
I recommend going through a payroll service like Paychex or ADP. This is much too complicated, complex and important
Helen asks…
Does an F-2 visa allow online business?
Hi,
I know that F-2 visa doesn’t allow any kind of employment with a payroll, but what about having an online shop?
I’m currently living in the US on an F-2 visa (my husband is a student). I really have nothing to do since I’m not allowed to work and I’m thinking to start a small online shop selling my artwork. Is this OK? Will I break the law if I do this?
Is receiving a bank transfer or a check (but not payroll) lawful for my case? And what about using PayPal?
Please help me. I’m desperate.
Thank you.
Let me make it clearer. I’m not trying to make a small business like a company or so. What I’m thinking is to make an “online shop account” e.g. eBay, or other marketplace sites.
Jere answers:
No. You are not allowed to work in the US – not for someone else and not for yourself.
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