Payroll Part 1: How Payroll Really Works (For Startups & Small Businesses)

💡 Content:

Every founder knows you need to pay your team — but doing it right is more complicated than it looks.

In this video, we break down what payroll really involves, why it’s more than issuing cheques, and how to avoid common (and costly) mistakes.

You’ll learn:

• What “doing payroll” actually includes — from time tracking to tax filing

• How to calculate gross pay and deductions properly

• Why manual payroll leads to late payments, penalties, and audits

• What founders need to know about compliance, accuracy, and contractor classification

📚 Part of EIM’s Financial Operations Series for Startups & Small Businesses

📺 Ready for more? Watch: Payroll Part 2 – Automating, Integrating & Using Payroll Strategically