{"id":39643,"date":"2019-09-18T14:57:04","date_gmt":"2019-09-18T14:57:04","guid":{"rendered":"http:\/\/localhost:8888\/cregital\/disha\/2019\/09\/18\/planning-for-payroll\/"},"modified":"2019-09-18T14:57:04","modified_gmt":"2019-09-18T14:57:04","slug":"planning-for-payroll","status":"publish","type":"post","link":"https:\/\/msmehub.org\/staging\/6671\/planning-for-payroll\/","title":{"rendered":"Planning for Payroll"},"content":{"rendered":"<p>When you launch a business, setting<br \/>\nup a payroll is most likely not the first thing that comes into your mind,<br \/>\nespecially if you\u2019re going into the business by and for yourself. But payroll<br \/>\nis a big part of the financial and administrative side of entrepreneurship.<\/p>\n<p>Whether employees are not a<br \/>\npriority for you now or you\u2019re planning to hire a hundred people in the future,<br \/>\nit\u2019s good practice to start thinking about and planning for payroll before it<br \/>\nbecomes a burden.<\/p>\n<p>The Payroll schedule<br \/>\nincludes you record and compensation as well as your employees. It also includes:<\/p>\n<ul>\n<li>Gross wages, salaries,<br \/>\nbonuses, commissions, and so on that have been earned by its employees<\/li>\n<li>Personal income tax, income<br \/>\ntaxes, state taxes (if applicable)<\/li>\n<li>Employees insurance<br \/>\npremiums, employees&#8217; contributions to savings plans etc.<\/li>\n<li>Employer&#8217;s portion\/expense<br \/>\nfor income taxes and other state taxes<\/li>\n<li>Employer&#8217;s portion\/expense<br \/>\nof fringe benefits such as health and dental insurance, paid holidays,<br \/>\nvacations and sick days, pension and savings plan contributions,&nbsp;etc.<\/li>\n<\/ul>\n<p>&nbsp;If you haven\u2019t started planning to set up a payroll for your business, we encourage you to do so today. We have provided a payroll template to serve as a guide, please feel free to download using the link below &hellip;&hellip;&hellip;&hellip;&hellip;&hellip;<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Planning for Payroll&#8230;<\/p>\n","protected":false},"author":1229,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[337,342,346],"tags":[555],"class_list":["post-39643","post","type-post","status-publish","format-standard","hentry","category-accounting-and-bookkeeping","category-financial-management-and-reporting","category-payroll","tag-payroll"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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