How do I add an owner to payroll?

Many times, the owner of a business is not on the payroll. He draws money from a company account. But the owner may find that it is a benefit to be added to the payroll of his or her company. Once on the payroll, the owner can leverage all the benefits offered by Outstaffing: Medical, Vision, Dental, 401(k), etc. In addition, rather than having to pay estimated taxes on amounts drawn, taxes can be taken from payroll checks, along with premiums for other benefits. When needed, check stubs and reports are readily available! To add an owner to the payroll, simply fill out a new hire form, just as you would any other employee!

By Debbie Sparks