Payroll

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Transcript

So if you are a small business and you're looking to use square for payroll, and time tracking, you can also import this to your square account. So under square payroll, when you click it, it kind of opens up to just the overview page where you can see how to get started managing your business and payroll taxes, sick time, pay it off time off, they handle your payroll taxes, you can sync your time parts with your square point of sale. So if you have customers who are if you have employees who are working through your POS system, they can track their time there so that you'll be able to see In the administrative portion, what their hours are looking at if if everybody went to lunch at the right time, and you can take that time card in go ahead and pay out what they are. Do, you can do a tip pays out.

So you don't have to worry about doing anything with that everything is calculated for you with the square payroll. So there are different pricing for the amount of payroll with square, you can do a monthly subscription, which is the $29 a month and $5 per person. If you are looking to only pay 1099 you don't have to worry about subscription fees. You only pay $5 per contract. tractor per month, which is a whole lot easier to keep track of, and easier to keep in one place for cheaper. So you'll be able to do go ahead and get started with your payroll.

And it's going to pay w two employees and 1099 contractors, sin payments by direct deposit manual checks, run payroll multiple times. So it really takes care of a lot of the information that you need, including synching with QuickBooks for your taxes. You can run automatic payroll, so this isn't something you have to sit and babysit, you'll be able to offer your health and other benefits also. So that gets started with it. You'll just click Get Started. You'll be able to put in your legal business name The business type, click Continue.

You'll be able to put in your address. You'll be able to say how many people are here team, click the one that really falls in between what you need, you can put your phone number in so that they may send you report and reminders. So you can set those text reminders for when you're supposed to run payroll, and your phone number is also used for your tax filings. So your payroll dashboard will come up like this. You'll be able to see on the left hand side your overview View your history payroll team, benefits tax form, earn $100 in settings. Once you get started, you'll be able to put three different three different tasks to be able to go ahead and pay your team.

You have to first add them, link your bank account into your tax information. With adding your team, you have two ways to do it. You can add it through your who's already there. And you can always invite them to this particular app. So I'm going to use myself as a example employee, you'll be able to put the employee if it's w two or contractor, which is a 1099. You can have them automatically file the form for this contractor.

If there is an overtime exemption, you can click that here, their payment method, direct deposit or manual check the job title, pay type in rates, and then time tracking for your point of sale past cold, you can put in the past coal that you want them to be able to use, or you can generate one and then click Save. This one has had employee to your team. So when you come in, you now have added a team member to that payroll team using the email you will see the status as invited and once they get the email and approve it, then they will be able to have access to their account add any missing information such as their direct deposit and complete the signup of benefits that you have available as health insurance, pre tax money workmen's comp and retirement. These all have different have different requirements to be able to use and I'll put a link in the documents, the checklist for this to be able to go in and read the information for building out your perfect benefits package.

You'll also see tax forms where once they have sent in the first tax return, all of those warnings will be available here. In that earn $100 when you refer somebody to square payroll, you get they get their first month free and you get $100 Amazon giftcards so this is this is a nice way to kind of help bring People into the payroll portion the square through your referrals. And in the end, you're able to go ahead and get paid for it so you see a little timeline for that. Then you have your settings where you have business information, payroll settings, your bank account, and linking your QuickBooks Online. So that is a quick overview of the payroll portion of square

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