Common Payroll Mistakes Video

The most common payroll mistakes revolve around payroll taxes, which are difficult to understand and calculate. This small business video minute discusses the most common payroll processing errors.

Mistakes on your payroll taxes can include over or under-withholding, failing to set up local taxes correctly or misclassifying a part-time employee, to name a few. This video advises you on how a reliable payroll service can keep your payroll error-free.

Video Transcript

Welcome to the SurePayroll minute. I’m Michael Alter.

When it comes to payroll, taxes seem to cause the most confusion for both employers and employees.

You’ll have a major tax headache if you withhold the wrong amount of taxes from each paycheck, if you fail to register as a corporation or sole proprietor with the proper government agencies, if you don’t set up local taxes or deductions correctly, or if you fail update your state’s changing unemployment insurance rates.

Misclassifying workers as independent contractors rather than full-time or part-time employees can cause other problems with quarterly tax fillings.

And, if you hand-write a check to your employees -- but fail to record that check in your payroll processing system, you’ll wind up with a mess that’ll take your time and attention away from what you know and love best – running your business.

So take the pain out of payroll by hiring a reliable payroll service that will reduce your errors and give you more time to make money.

For simple answers to small business issues, I’m Michael Alter with your SurePayroll Minute.