Are you ready to run small business payroll? In this video, we'll guide you through how to do payroll stepbystep. By the end, you'll be confidently processing payroll in no time.

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LINKS MENTIONED IN THIS VIDEO:

Check out our full article on payroll processing:
https://www.merchantmaverick.com/how...

How to get an EIN:
https://www.merchantmaverick.com/how...

Top Business Bank Accounts:
https://www.merchantmaverick.com/best...

The Best Payroll Software for Small Business:
https://www.merchantmaverick.com/best...

Master your payroll management with our payroll best practices:
   • Master Payroll Management: Payroll Be...  

Best Free Payroll Software:
   • The Best FREE Payroll Software for Sm...  

For more small business resources, visit:
https://www.merchantmaverick.com/?utm...

⏱TIMESTAMPS:
00:00 Intro
00:31 Step 1: Get your EIN
00:51 Step 2: Check state & local news on registering your business
01:06 Step 3: Review employee tax documents
01:30 Step 4: Review employee tax documents
01:57 Step 5: Review employee benefits & deductions
02:20 Step 6: Choose your payroll schedule
02:44 Step 7: Choose how you'll pay your employees
03:03 Step 8: Calculate your employee's gross pay
03:35 Step 9: Calculate & withhold and pretax deductions
04:03 Step 10: Calculate & withhold federal payroll taxes
04:20 Step 11: Calculate & withhold state payroll taxes
04:28 Step 12: Make posttax deductions
04:49 Step 13: Calculate net pay & pay employees
05:12 Step 14: File & pay payroll taxes
05:30 Step 15: Make payroll deduction payments
05:48 Step 16: Maintaining payroll records
06:32 Outro

CREDITS:
Video editing: Ryon Hinson
Stock footage & music licensed through Envato Elements.
I9 and W4 documents courtesy of irs.gov

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