The standard rate for our payroll serviceis $25 per check run
$5 for each additional employee
For example if you had a 6 employees paid every 2 weeks the cost to your company would be $50 every 2 weeks
Requirements for new employees
Make a copy of their government Identification card and social security card
Have them fill our a copy of a w-4 form which can be obtained from this link http://www.irs.gov/pub/irs-pdf/fw4.pdf?portlet=3
Verify their eligibility to work and fill out a form I-9 which can be obtained from this linkhttp://www.uscis.gov/files/form/i-9.pdf
If a New York State employee a new hire form must be sent to New York State Department of Labor within 20 days of hiring the new employee
All New York State employers must have a workers compensation policy and an employees disability. There is $250 fine for every 10 days you are without insurance. These penalties can often times be reduced if you act quickly and respond within the given time frame. If however you don’t respond to the settlemnt offfer the accounta will go into collections and can only be reduces by about 50% of the penalty amount.
Workers compensation is based upon the amount of actual payroll you pay during the year. It can be as little as $300 a year or 1/2 of 1% for a low risk occupation or it can be as high as 18% for high risk occupations such as roofers and demolition contractors. Carpenters paid 14% for workers compensation last year.
Up to 2 owner who are officers can opt out of the plan and are not required to carry the policy for themselves
Disability is a relatively inexpensive policy usually less than $400 per year depending uponr the # of male and the number of female employees. Female employeees cost almost 2 times the amount of male employees
Have the employees sign a copy of the empoyee hand book where you state the rules and obligations before employee begins work.
In most business the employees are the most expensive investment.
For more information on our payroll services, feel free to contact us directly at 929-290-8609
