You may be asking, how does payroll work? That is, what should payroll look like for a restaurant? We’ll start with the basics. What is payroll? Payroll is the business process of regularly paying out all your wage, payroll tax, and benefit liabilities to employees. We’ll spell those out: wages are employee earnings, payroll taxes are the percent of earnings dedicated to taxes, particularly FICA (social security) and MEDFICA (medicare). Benefits are any payments you make on behalf of your employees in a manner specified by their employment contract, such as a contribution to a health savings account (HSA).
So far, so good. But how should operators process payroll in the context of a restaurant? That’s up next. Here’s how to perform restaurant payroll.
Read the full Blog Post: https://rasiusa.com/blog/what-to-consider-when-setting-up-payroll-for-a-restaurant
Watch the full Video: https://youtu.be/YrbDgdwZtbk
RASI Instagram: https://www.instagram.com/rasinc__/
RASI Twitter: https://twitter.com/RASInc_
RASI Facebook: https://www.facebook.com/RestaurantAccountingServicesInc
Are you the creator of this podcast?
and pick the featured episodes for your show.
Connect with listeners
Podcasters use the RadioPublic listener relationship platform to build lasting connections with fansYes, let's begin connecting
Find new listeners
Understand your audience
Engage your fanbase