What is payroll? As an employer, you have specific payroll responsibilities that are required by federal, state or local agencies.
Payroll can be complicated. But there are essentially three main jobs for employers in doing payroll:
- Paying employees (and withholding the right taxes from paychecks)
- Paying payroll taxes (both taxes withheld from employees’ paychecks and taxes employers pay on behalf of their employees)
- Filing tax forms
To learn more about payroll, check out this Payroll 101 Guide.