5 things that business owners need to know ❗️ before paying salaries

5 things that business owners need to know ❗️ before paying salaries

Being a business owner is not an easy task that everyone understands. Because there are still many things for business owners to study and learn many more. In this article, I would like to take all business owners to learn about paying salaries to employees. You can't focus on just thinking about how much money you have to give to employees, that's for sure. This article would like to offer what business owners should know, sure enough.

1. Basic information Employee registration and profile information

This is what business owners need most. Which by hiring employees is considered the responsibility of the business owner, sure enough. which if something is damaged or there is a problem This problem will be your responsibility. The availability of employee information is to prevent employee fraud as well.

2.Before paying salary should have complete evidence

In addition to the matter of profit and loss of the business that must have a record of income and expenses, then There must also be an account for expenditures in the field of business tax. which is necessary to have evidence proving the expenses for the recipient All salary payments to employees must be clearly verifiable. The owner of the business should keep all necessary documents related to payroll backup as well.

3. The tax deduction that must be paid should not be missed.

Another thing that needs to be done is the arrangement of taxes for employees is the remittance of income tax, which is withheld at the date of payment, which, in the event of payroll, is required to calculate the personal income tax based on the progressive rate. Then you divide the payroll accordingly. If the business owner has a program that can help calculate withholding taxes for employees. It will make your calculations that are easier and more convenient sure enough.

4. Do not forget to send social security to employees.

When you start hiring one or more employees The business owner or employer will provide social security for all employees. The business owner must have social security registration (of the employer) and the employee/insurer registration must be performed. and when employees are hired within 30 days, starting from the date of employment And must submit the remittance information and employee contributions to be accurate and complete.

5. Business owners should study labor law.

Other than that you have to manage all that. Another thing business owners need to know is labor laws. Because you need to know about the details of labor laws. whether it is a matter of Employment contracts, breaks and severance pay in various cases In order to prevent you from suing your employees there.

How are you? Isn't it easy to become a business owner? There are still many things that you need to study and learn a lot. For this article, I hope it will be useful to all readers. See you again in the next article. Thank you all readers. Thank you.

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