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[Post New]02/20/2013 15:34
quote
webbkathy

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Anonymous wrote:
Anonymous wrote:
Anonymous wrote:If you DIY, I suggest paying twice a month rather than weekly. It makes it much easier to calculate anything that has to be quarterly, like unemployment insurance in MD.


You are right about the tax calculations, but it complicates overtime calculations which are based on a 40 hour work week.


Not really. You only pay overtime after the 40 hours, so when the overtime occurs, you calculate it. If you pay her on the 15th, which is a Wednesday, and she hasn't hit any overtime for that week yet, then you don't include it. If she hits 41 hours on Thursday, it gets paid out when she gets paid for Thursday, which would be in the next pay period. Either way, you still have to count up the hours she works each day and add them all together.


Most employers of hourly staff pay weekly or biweekly. You can technically satisfy overtime requirements semimonthly, but it is more complicated because OT is calculated on a 7 day work week. You need to first determine what your work week is (Friday - Thursday for example). Then you need to keep payroll records and calculate hours worked in that period.

Take this March for example. You will pay on the 15th and the 31st.

So March 1 - 7 She works 45 hours - 40 hours regular, 5 OT
March 8 - 14 she works 36 hours - 36 regular
March 15 she works 8 hours - all regular.

So on the 15th you pay for 84 regular hours and 5 OT

March 15 - 21 she works 45 hours. You have already paid her for 8. So you will have 32 regular hours and 5 OT in the next payroll.
March 22 - 28 she works 45 hours. 40 hours regular, 5 OT
March 29 - 31 she works 8 hours.

So on the 31st you pay for 80 regular hours and 10 OT

March 29 - April 5 she works 45 hours. You have already paid her for 8. So you will have 32 regular hours and 5 OT in the next payroll. ...

So you see the math can be worked out but it is more recordkeeping having to keep looking back at work weeks that crossed payroll periods, and I have seen many people get this totally wrong in my 20 years in payroll.
[Post New]01/21/2018 20:52
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Anonymous
Anonymous wrote:Another surepayroll user. they had an ap on the Iphone so i could process payroll immediately with a few clicks and a confirmation. Used it for a year, now going to use it for the summer full time nanny.

Good information.
[Post New]01/22/2018 02:43
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Anonymous
Good to know there are options besides breedlove. I used intuit household before they closed, and have really missed them ever since moving to breedlove. Things I don't like about breedlove: 1) taxes are paid only quarterly, whereas I paid state taxes monthly previously. 2) only recently did they add the ability to track paid time off, but it is very clunky so I'm still tracking that on my own. 2) you cannot determine which day your work week starts and ends. It is Saturday to Friday. 3) If I need to make a change to payroll after the week ends, I have to call and have someone make the change for me.
[Post New]01/22/2018 10:27
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Anonymous
GTM Payroll Services is another one to consider. A little less pricey that Homepay but still does everything - direct deposit, pay stubs, file taxes, W2s, Sched H, etc. They also do workers' comp which is great instead of trying to do that on your own.
[Post New]01/22/2018 13:35
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Anonymous
Anonymous wrote:Just DIY; it's not too difficult.


agree, DIY and save the $40-60/month silly fees.

only results in writing some quarterly checks and getting out a W-2 out in January.
easiest if W-2 amount is the same each week or month. not fluctuating.
[Post New]01/22/2018 14:17
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Anonymous
I don't clean my house or do my own taxes. Well worth outsourcing IMO - happy with Homeworks Solutions
[Post New]01/23/2018 14:41
quote
Anonymous
Anonymous wrote:
Anonymous wrote:Just DIY; it's not too difficult.


agree, DIY and save the $40-60/month silly fees.

only results in writing some quarterly checks and getting out a W-2 out in January.
easiest if W-2 amount is the same each week or month. not fluctuating.


Yup, DIY. Super easy and obviously the cheapest option.
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