Free Payroll Tutorial
So, you want to learn Bookkeeping ! Payroll
The payroll tutorial and course provides an introduction and overview of payroll and the laws, rules, regulations, forms, records, and calculations that small business owners and/or their employees responsible for payroll need to be familiar with.
New Improved Version
For those that would rather watch and listen than read.
What's Improved
- Broke the Lessons down into segments (more manageable "bites")
- Better Menu System
- Lessons organized better
- Added IRS Forms and Documents
- Added Videos to emphasize key concepts
- More Mobile Friendly
What's Covered ?
The Introduction provides an overview of payroll, employees, and your requirements as a business.
Lesson 1 Types Of Compensation discusses and explains that an employee's compensation includes not only direct payments (salary and wages) but also indirect benefits known as fringe benefits or "perks".
Lesson 2 Types Of Deductions discusses and explains the different types of deductions that are taken from an employee's salary or wages such as social security, medicare, federal and state income tax, and other deductions such as health insurance and retirement plans.
Lesson 3 Payroll Taxes and Withholdings discusses and reviews how an employer reports and deposits amounts deducted from their employees' wages and salaries and also how an employer is required to "match" amounts deducted for social security and medicare.
Lesson 4 Calculating Payroll uses a fictitious company called Mom's Secret Recipes to illustrate what calculations are needed and how to do them in order to correctly calculate and pay your employees.
Lesson 5 Payroll Records illustrates and discusses the records needed by employers to properly documents and record their employee's wages and salaries and deductions taken.
Lesson 6 Self Employed reviews and explains what self employment tax is, who is required to pay this tax, and how to properly calculate, report, and deposit this tax.
Lesson 7 Government Regulations presents a brief overview of the federal and state laws, rules, and regulations that you as a business owner or manager need to be aware of.
Lesson 8 Payroll Options
Lesson 9 What You Should Know summarizes and reviews the major points covered in this tutorial.
What will I learn ?
Learning Objectives
After completing this course, you should know or be at least familiar with the following:
- Various forms needed for managing your payroll and complying with government laws.
- How to classify your employees.
- The various methods you can use to calculate your employee's earnings.
- Why fringe benefits (perks) help with the hiring of excellent employees.
- The types of required Payroll Taxes and how they are calculated.
- The records needed for managing your payroll system.
- Familiarity with the federal and state laws, rules, and regulations that you as a business owner or manager need to be aware of.
No, you wont be a payroll expert; but, at least you should have a working knowledge of what's required of a Payroll System.
Payroll Tutorial-New Version
For those that would rather watch and listen than read.