If you have hired an employee, you have to devise a system for paying that person. Below are the steps in setting up a successful payroll program: |
Employers must apply for and obtain a federal Employer Identification Number from the Internal Revenue Service. The EIN is an employer's account number for the collection and reporting of taxes ... |
In addition to the federal Employer Identification Number (EIN) you'll need to obtain, you may also need to secure identification numbers or account numbers ... |
In order to make your payroll program work, you must have the Social Security number of each employee you pay. |
While there are no federal laws that require you to pay employees at regular intervals, most state laws mandate that every employer must pay all wages due to employees on regular paydays designated ... |
A payroll period is the interval at which you pay your employees. It can be defined as the period of service for which a payment of wages is ordinarily made to an employee. The words "ordinarily" and ... |
For purposes of paying employees, federal wage and hour laws revolve around how many hours an employee works in a workweek. So, administering payroll must ... |
Employees must be paid for all time making up the regular working hours for which the employee is hired and for time devoted to the principal activities for which the employee is hired. Generally, ... |
In addition to the principal duties that you hire an employee to perform — and for which that employee must be paid — are incidental activities. Some incidental activities are compensable, ... |
To add up work time for minimum wage and overtime purposes, meals and breaks are treated differently. Generally, you have to include as working time, and to pay employees for, breaks or rest periods ... |
