Welcome to The Basics of Payroll. Get ready to learn about all things payroll for small businesses. We cover payroll concepts like employees vs. nonemployees, different pay periods, and required payroll documents. We learn payroll calculations, journal entries for payroll and rules for paying people. We finish with employer tax filings laws, IRS rules for retaining payroll documents and learn about different payroll service companies.
In this course, you will find all of the content needed to learn about payroll as well as workbook activities to test your understanding. Let’s get started!
CEUs: 1.6
Length (in hours): 16
Price in USD $195
Price in CAD $265
Agenda
Unit 1
Payroll Concepts
- Employees vs. Non-Employees
- Pay Periods
- Payroll Documents
Unit 2
Payroll Calculations
- Calculating Earnings
- Rules for Travel & Overtime
- Rules for 1099 Reporting
- Calculating Gross Pay
Unit 3
Payroll and Tax Withholdings
- Payroll Withholdings
- Employee Tax Withholdings
- Employer Payroll Taxes
- Calculating Net Pay
Unit 4
Tax Filings, Recording Payroll and Resources
- Employer Tax Filings
- Payroll Register
- Payroll Journal Entries
- IRS Rules for Retaining Payroll Documents
- Payroll Service Companies