Are you a small business owner? Worried of payroll discrepancy?
The blog here is to discuss some important topics of discussion in relation to
payroll processing which will enhance your payroll knowledge. No doubt,
processing payroll comes under the category of the most complex & time
consuming tasks, if it is not done with the help of a robust tool. Also,
accomplishment of business objectives isn’t possible without payroll as it is
related to one of the important assets of organization—Workforce.
The task can be even more complex, time-consuming, irritating and
confusing as well if you’re new to process. Let’s discuss some frequently
discussed topics related to payroll processing. You can also join our support
service dialing QuickBooks Support Phone Number.
EMPLOYEE IDENTIFICATION NUMBER
(EIN):
EIN number, issued to every employed person by Internal Revenue Service
(IRS), is a nine digit number that comes into usage while filing federal as
well as state taxes for businesses. Payroll tax reporting documents are
included in this. Application for employee identification number can be
submitted through government site of IRS.
Sole proprietorships, S corporations and C corporations all varieties
business entities where EIN number is used. The utility of EIN number is proven
in case when company is driven by a person more than fictitious name. One can
run company with both names with same EIN number.
I-9 FORM
I-9 form is used by owners of companies for verifying employment
authorization & identity of any employed person. For any of employer of
USA, it is mandatory to complete this form for every hired employee
Indeed, knowledge of above topics will be helpful, if you are a
newbie in payroll management, and want to do optimize payroll processing while
using it with QuickBooks. These are least, however, knowledge of W-2s, 1099s,
workers’ comp insurance, labor law posters and many other topics is still
required if you really want to a smart payroll manager with QuickBooks. To
increase your knowledge, or to fix some frequently encountered errors, you can
dial toll-free QuickBooks Phone Number.
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