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Understand your situation....
I have mine down fairly good. It costs me exactly 19% above payroll for the employers portion of FICA, FUTA, SUTA, and Worker's Comp. For instance $10 per hour employee actually costs me $11.90 per hour. Each year as the SUTA and Worker's Comp changes so does that % figure.
I do payroll on a weekly basis and set aside this $ into a separate savings account. What irritates me to no end is the knowledge of other businesses paying their employees cash.
Are you using someone local for the payroll?
Last edited by Nebraska : 08-10-2004 at 11:49 PM.
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