TaxBandits Knowledge Base

What are the information required for payroll setup?

To process payroll for your employees, you first need to complete the business setup and add your employees. To complete the business setup, you'll require the following information: 

• Business Details: Business name, EIN, Address
• Federal Tax Information: Type of Form, Deposit schedule, and Authorized Signatory details.
• Pay schedule Details: Type of pay schedule, Check day.
• State Tax Details: Withholding and Unemployment Insurance Details
• Employee Information: SSN, Federal withholding, and State withholding details
• YTD Details: Last check date, YTD value in previous paystubs.