Employment Taxes
Employment
Taxes
Taxes
BBSI offers a wide range of payroll administration services, including:
- Electronic Time and Attendance Systems – simple data transfer to payroll processing systems
- Vacation scheduling – bidding and overlap tracking/alerts
- PTO tracking and administration - ORST Sick leave, Leave of Absence (FLMA/OFLA), Worker Compensation, etc.
- Cost Centering – labor/contract/grant allocation tracking and reporting
- Direct Deposit - set-up and administration
- Employer Payroll Tax Remittance – accuracy and timeliness
- Annual/Quarterly Employer Tax Filing – ORST, Federal (including W-3 filing)
- Employee Deduction administration – benefits plans, 401(k) remittance, Oregon Saves, etc.
- Employee Self-Serve – payroll stub printing, W-2 production, PTO balance reporting, etc.
- 401(k) Program Implementation – No cost through Transamerica for BBSI customers, including annual Federal ERISA 5500 filing
- ACA Eligibility and Reporting – Federal 1094/1095 production
- Payroll Reports – seamless uploads for General Ledger and Business Tax Accounting
- Employment Law Posters – All-in-One English and Spanish versions
Click Here to Contact BBSI-Southern Oregon for your complimentary Payroll consultation
Hiring Others
Some businesses must hire people immediately; other businesses can operate with the owners and intermittent help for a year or more. If you need to hire people immediately, this is the time in the start-up process to do it. You should have developed your systems so that you know what jobs need to be done and can hire appropriately.
Many people don't realize that "employee" does not require regular employment.
- Someone can work for you for 20 minutes and if you are directing their work, you are an employer.
- People who work commission-only are usually your employees.
Please see Are you an Employer? There is some paperwork, but it really isn't difficult. Once you have regular employees, you will probably want to use a payroll service, but until then, this kit has tools to help you easily do payroll taxes. You will learn more about them in the step on Getting Paid
Independent Contractors
Employees
- Overview of Employer Requirements
- Business Registration
- W-4 Federal Employee's Withholding Certificate
- Employee State Withholding Certificate
- I-9 Immigration and Naturalization
- Report of New Employees
- Workers Compensation Insurance
- Labor Law Basics
- Minimum Wage and Other Labor Standards
There are other requirements for employers, but we have put them in Filling in the Gaps. In most cases, if you are in a hurry, you can get by with the forms shown above. However, if you are in a high hazard business, please review Filling in the Gaps at this time.
Paying Your Employees(and Uncle Sam)
Your first obligation is to pay your employees, and with them, Uncle Sam. You can use this tool to calculate payroll taxes and net pay.
Remember, that when you pay the withheld taxes to the government, employers must MATCH social security and Medicare. The calculators above do not calculate tax on tips. If your employees are paid tips, please review:
Use the following forms to pay taxes to the government (usually a monthly requirement for new businesses):
EFTPS Deposit for Federal Payroll Taxes
Paying Yourself (and Uncle Sam)
Please go to Government Requirements and under Taxes and Required Forms, select "Paying Yourself " and your business entity.
Paying Independent Contractors
Pay independent contractors using the same systems as you do for other vendors. Do not ask for time-sheets or pay them with your regular employees.
Filling in the Gaps
This section contains information on safety requirements, labor law notices and a program for working low-income parents.
Quarterly Requirements for Employers
Some businesses will have an accountant or bookkeeper by this stage who will handle these responsibilities. Many businesses won't. Either way, it is helpful to understand the requirements so you can make sure stay in compliance.
Employees.
Filing Forms Electronically
Annual Requirements for Employers
Some businesses will have an accountant or bookkeeper by this stage who will handle these responsibilities. Many businesses won't. Either way, it is helpful to understand the requirements so you can make sure stay in compliance.
Employees.
Independent Contractor
IRS Withholding Charts
Some businesses will have an accountant or bookkeeper by this stage who will handle these responsibilities. Many businesses won't. Either way, it is helpful to understand the requirements so you can make sure stay in compliance.
Employees.