Hi All,
Sorry about my absence, I just had a newborn and had been busy in the past couple of months. It’s actually an exhausting job being a new parent and the irregular sleep that I get. I am getting use to my 4-5 hours a sleep per day, anyway, enough about me. I will try to write a post often as time permits. Thank you all and continue checking back.
At my work place, many small employers just fired their CPA’s or Payroll Service Provider and they would like to know how they can create a payroll for their employees. You actually have a few options:
1. Continue writing a net check amount based on the previous paystubs from your CPA or Service Provider. The downside is that there are some limits on certain tax categories such Social Security (FICA) or State Disability Insurance (SDI) and you would have to calculate it manually.
2. Use the paycheck calculator at www.paycheckcity.com. The website has many payroll calcualators that I found useful and you can even print out a generic paystub for your employee if they requested it. The downside to this is that it will not give the employee a Year-to-date (YTD) figure on the paystub.
3. Hire a local CPA or Payroll Service Provider immediately and have them calculate the taxes for you. Unfortunately, many CPA and Payroll Service Providers request payroll reports from your previous service before they can set up your company on time for payroll.
In my opinion, before you fire your CPA or Payroll Service Provider, make sure you have all the payroll records before you leave them because your number one priority is get your employees paid on time.
