Frequently Asked Questions
How long will it take for Avid Payroll to start running payroll for me?
It will typically take 5-10 business days . If you are a company that already runs payroll using another platform the time will vary based on the number of employees, how often they are paid. If you are new to payroll, the process is quite simple and doesn’t take long at all.
How should I pay my employees?
Payment options include paycheck, direct deposit and paycard. However, some states have strict rules regarding electronic and alternative forms of payment, which must be followed.
What taxes need to be withheld from employee wages?
- Federal income tax
- Federal Insurance Contribution Act (FICA) taxes
- State and local income taxes (if applicable)
- State unemployment tax (some states)
What is unemployment tax?
The Federal and State Unemployment Tax Acts (FUTA and SUTA, respectively) fund the unemployment programs that provide temporary income to employees who lose their job through no fault of their own. FUTA is not a payroll deduction; it is paid for only by employers. The same goes for SUTA, except for a few states where employees must also contribute to the program.
How will I report my payroll information to Avid Payroll?
By submitting your information via email or utilizing our online Employer Payroll Portal.
What is the difference between overtime, holiday and regular pay?
- Regular pay – A non-exempt employee’s regular rate of pay must not be less than the highest federal minimum wage, state minimum wage or local minimum wage in effect when work is performed.
- Overtime pay – As defined by the FLSA, overtime pay is 1.5 times the employee’s regular rate of pay for each hour worked over 40 in a workweek. States may have their own overtime standards, which employers must follow.
- Holiday pay – Although not a federal requirement, some employers will offer their employees paid time off for holidays or pay them at higher rates for time worked on a holiday
How often should I run payroll?
State laws and collective bargaining agreements with unions may dictate how often a business must run payroll. If such requirements don’t apply to them, employers may choose a payroll calendar that works best for them and their employees. The most common are weekly, bi-weekly and semi-monthly.