Netgrimoire/Periphery/PNC-Fish/Operations/Payroll.md
2026-04-12 16:06:16 -05:00

1.5 KiB

title description published date tags editor dateCreated
Payroll Current payroll process, Florida Reemployment Tax, tool decision true 2026-04-12T00:00:00.000Z pncfish, payroll, hr markdown 2026-04-12T00:00:00.000Z

Payroll

Current Process

Item Method
Pay schedule Weekly
Payment method Handwritten check
Hours tracking Inherited Excel spreadsheets
Quarterly filing Florida Reemployment Tax — filed manually
Annual W-2s

The Excel spreadsheets were inherited from the prior accountant. They are still in active use.

Compliance Requirements

  • Florida Reemployment Tax must be filed quarterly
  • W-2s issued annually to employees
  • Owner draws are not wages — do not run through payroll, do not appear on Schedule C

Tool Decision — Pending

Option Cost Notes
Continue manual (Excel) Free Works but scales poorly; compliance risk increases with headcount
Square Payroll ~$35/mo + $6/employee Handles FL Reemployment Tax, W-2s, direct deposit
Other managed payroll Varies QuickBooks Payroll, Gusto, etc.

Decision not yet made. Key factor: Florida Reemployment Tax compliance and W-2 accuracy. The manual approach is viable for 1-2 employees but becomes a compliance risk as the team grows.

Next Step

Review inherited Excel spreadsheets. Determine current employee count and pay structure. Make managed vs. manual decision based on headcount and compliance comfort level.