Restaurant Payroll, Simplified: The Best Payroll Process for Restaurants

Manager running restaurant payroll

Quick Answer: To run restaurant payroll, collect timesheets and tip reports, calculate gross pay (including overtime, multiple rates, and tips), apply withholdings and employer taxes, and pay employees on a compliant schedule. For tips, require monthly reporting (at least $20 in tips) and withhold FICA and income tax; consider the FICA tip credit (Section 45B). Software built for restaurants reduces errors and admin time.

Continue reading “Restaurant Payroll, Simplified: The Best Payroll Process for Restaurants”

Top 7 Signs It’s Time to Change Your Payroll Provider (+ How to Switch Smoothly)

Woman learning about the signs to switch payroll.

Payroll touches every paycheck, tax filing, and compliance deadline. When your system struggles, your whole business feels it. A payroll provider manages employee payments, tax filings, and related compliance. Are they pulling their weight? It might be time to switch payroll providers if you notice issues.

Continue reading “Top 7 Signs It’s Time to Change Your Payroll Provider (+ How to Switch Smoothly)”

Essential Payroll Tax Recordkeeping Requirements Every Employer Must Know

Different colored folders with payroll records inside.

Your to-do list as a business owner seems to get longer every day. There’s one more item you’ll have to check off, and this one is part of federal law. You’re required to retain payroll records, sometimes for up to four years. 

Continue reading “Essential Payroll Tax Recordkeeping Requirements Every Employer Must Know”

Essential Payroll Audit Procedures You Can’t Afford to Ignore

Employer conducting a small business payroll audit.

Running payroll accurately is arguably one of your most critical employer responsibilities. But even if you use a reliable payroll processing system, there’s room for user error. You might input numbers incorrectly, forget to add an employee’s pay raise, or fail to remove a terminated employee from your payroll. To combat these potential problems, conduct a payroll audit. A payroll audit is a periodic review of your payroll records, taxes, and processes to confirm accuracy, compliance, and to detect errors or fraud.

Continue reading “Essential Payroll Audit Procedures You Can’t Afford to Ignore”