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As the CEO of a S-corp will gusto allow you to withdraw the business earnings from a business account then pay into a personal checkings account? When you set up the main bank account. I am assuming I would then set myself up as the main employee correct?
You can simply write yourself a check or transfer the money for your business profits from your LLC’s business bank account to your personal bank account. 😉
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Being that this is a tutorial, it would be more effective to use a state (not Florida) that has state income tax, required workers comp. insurance, etc so you can show how to set them up.
Gusto initiates 3 separate debit transactions from a company's bank account after each payroll is submitted- employee pay, employee reimbursements, and payroll taxes.
Horrible payroll company. They do not do Direct Deposit so if they tell you they are they are not. Direct deposit does not hit your account sometime before 5PM and if a payday lands on a holiday then you get paid after the holiday even if that holiday lands on a friday. This is the only payroll company I have seen that does that. If you are looking for a payroll company, i would suggest you find another one.
This was an excellent tutorial! It was clear, concise, and thorough. This was BEYOND helpful. Thank you sooo much! :-)
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Love all the philosophers in your employee list!
Ludwig Wittgenstein gets the highest salary. Well deserved!
Terrific setup video. You forgot however, to demonstrate how to add company contributions, such as health benefits, that must run through payroll.
very nice tutorial...thank you... question, i would like to print paychecks here at office for them...is that possible?
Thanks! Yes, you can print checks with Gusto's payroll services using check-printing software, a printer, and check stock. 🖨️
How do you pay for overtime? What if you have a different hourly rate for training?
What if the employee travels for work. A painting company or mobile detailing? Do you just use your home address?
Can you use this for pay roll for trucking company
Also, it would be nice to show a company that offers a more complete benefit package and how that is done on Gusto.
This was excellent! Thank you!
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Great vid!
As the CEO of a S-corp will gusto allow you to withdraw the business earnings from a business account then pay into a personal checkings account? When you set up the main bank account. I am assuming I would then set myself up as the main employee correct?
You can simply write yourself a check or transfer the money for your business profits from your LLC’s business bank account to your personal bank account. 😉
I love you this was amazing
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Being that this is a tutorial, it would be more effective to use a state (not Florida) that has state income tax, required workers comp. insurance, etc so you can show how to set them up.
It’s really stupid that states don’t use your FEIN for payroll and require a special “payroll tax id”.
Does this work in Canada ?
Does gusto pay the taxes out of of our business acct to proper revenue agencies or do we have to do that seperate
Gusto initiates 3 separate debit transactions from a company's bank account after each payroll is submitted- employee pay, employee reimbursements, and payroll taxes.
Hi, there is a better option for employees paid by miles ??
With Gusto you can add custom earning types, such as payment by miles-something most payroll companies don't do. 😎
What if overpay?
very well put together post. I'm subbed and thank you.
My wife got an apartment with the paystub we got
How did you get the pay stub
it won't let me sign, it say Skepta
El buen gusto restaurants
So it pays the taxes for you?
That's the same question I have
Gusto no pay in Election Day is bad
From Cyber credible tbh
Horrible payroll company. They do not do Direct Deposit so if they tell you they are they are not. Direct deposit does not hit your account sometime before 5PM and if a payday lands on a holiday then you get paid after the holiday even if that holiday lands on a friday. This is the only payroll company I have seen that does that. If you are looking for a payroll company, i would suggest you find another one.
Fling taxes
When it files taxes for you that’s for your employees and your business? So each payroll I will be paying my business taxes to