For those of you bootstrapping a startup or who have in the past, how do you handle payroll once money starts trickling in? Assume you're set up as an S-corp or LLC with a couple of shareholders/members but you don't necessarily want to distribute profits in proportion to ownership. Is there a good payroll company for software-startups or should I go down to my bank and see what they have to offer?
Ask HN: Payroll for bootstrapped startups?
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Re: Ask HN: Payroll for bootstrapped startups?
#2We use Bank of America--really easy. They handle everything for us except for the initial setup with the Federal and State governments--you still have to get your IDs and what not.
NOTE: make sure you get some accounting guidance here. It matters how you do this if you want to minimize taxes.
Re: Ask HN: Payroll for bootstrapped startups?
#3We use Quickbooks. It's painless. Except for the Intuit part. But what are you gonna do? It's nice to have one tool for all accounting and payroll.
Re: Ask HN: Payroll for bootstrapped startups?
#4We're using PayChex and paying about $50/paycheck. But they take care of all tax withholding, etc.
We are also looking at ambrose (http://www.ambrosegroup.com/services/payroll_admin.html) to do both payroll and benefits administration for us soon.
Re: Ask HN: Payroll for bootstrapped startups?
#5We're using PayChex and paying about $50/paycheck. But they take care of all tax withholding, etc. We are also looking at ambrose ( http://www.ambrosegroup.com/services/payroll_admin.html ) to do both payroll and benefits administration for us soon.
One of my previous employers used PayChex. Seemed to work fine from an employee perspective...I never had a problem getting paid, at least.
Re: Ask HN: Payroll for bootstrapped startups?
#6I'd like to know people calculated how much each person should get from payroll month to month after money does start coming in. Or was it just all Bonuses from time to time?
Re: Ask HN: Payroll for bootstrapped startups?
#7We use ADP. Its expensive - $125 per cycle. Another option is paycycle, but i havent used them
Re: Ask HN: Payroll for bootstrapped startups?
#8We use ADP. Its expensive - $125 per cycle. Another option is paycycle, but i havent used them
Per employee? for all?
Re: Ask HN: Payroll for bootstrapped startups?
#9I'm not sure if this will do what you're looking for, but I really like Harvest.
www.harvestapp.com.
Re: Ask HN: Payroll for bootstrapped startups?
#10PaySimple is a pretty good solution. Remember, in most states, you have to have payroll to qualify for group insurance (which is generally cheaper - and almost always safer from recission - than purchasing individual insurance).