Hiring a new employee can be a big step for a business. Previously, we covered how using a payroll vendor can take all the guesswork out of meeting the tax and regulation burdens.
But what if you want to see how much an employee at a certain pay scale will cost your business, with your business taxes included? Numerous calculators exist that can help.
- Employer Tax Calculator from Gusto: it calculates the payroll and extra taxes you will have to pay based on the state you are hiring in. just below the calculator is a great explanation of who is responsible for what taxes. Gusto also offers a burn rate calculator to know how far your cash will last and a list of hourly paycheck calculators on their tools page.
- If you’re wondering about regulations, Quickbooks offers a tool that provides links to each sate’s payroll regulations and business websites.
As you can see, there are many tools to make sure you’re on the right track when it comes to hiring and calculating the right taxes.
Check out other posts from the No-Nonsense blog
- Holiday specials and deals 2021
- Email Marketing Vendor AWeber Launches a Free Plan
- How to Calculate the Cost of Hiring a New Employee
- How to Use a Payroll Service Provider to Take the Fear out of Hiring Your First Employee
- A Roundup of the Current Top Website Creation Tools and Fast Prototyping Page Builders
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