How do you set up a payroll business account?

To set up the Payroll business account, you should complete some of the necessary information to process employee payroll. Follow the instructions given below to add your business to the payroll.

Step 1: Sign in to your TaxBandits account. Complete all the information to run payroll for your employee.

Step 2: Business Details

In the Business Details>> Click ‘Setup’ >> ‘Add New Business’ and fill in the required fields such as Business Information, Contact Information, and Business Address, and authorized signatory details, then click ‘Save.’




 

Step 3: Pay Schedule Details

• Complete the pay schedule details and select the pay schedule and pay day, and click ‘Save.’
  
   

Step 4: Federal Tax Information

• Go to Federal Tax Information>> click ’setup’ and provide your federal tax details. 

• Enter  the federal tax information and Year-To-Date(YTD) details, and click ‘Save.’

 

Step 5: State tax information

• Navigate to State tax information >> Click ‘setup’ and provide the state withholding information and state unemployment insurance details.
  
  
   

Step 6: Federal and State Tax Payment

Select the option that you prefer to manage your federal and state tax payments.

 

Step 7:  Federal and state tax filing

• Select the option you prefer to manage your federal and state tax filing.
  
  

Step 8: Employee Payment Method

To pay your employees, you must choose the payment method, either by check or direct deposit.

Step 9: Bank Account Details

Click ‘Add Bank Account’ to add your bank account information.

Step 10: Onboard employee or Contractor

• You must click ‘Add’ and select employees or contractors that you wish to add to your business.
  
  
   

• You can select the employee from the ‘Address Book’ or enter the details manually and click ‘Save and Continue.’

Once completed, you can add multiple employees by clicking on ‘Add employee.’ or add the YTD details to run payroll.