What Is Payroll?

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If your company has employees, you’ll need to do payroll. There’s not a chance to avoid it, but what is payroll?

Well, payroll often means a few different things:

• Payroll refers to the employees you pay, in conjunction with employee information.
• Payroll is also the sum you pay employees during each pay period.
• Or payroll can refer to the entire process of actually calculating and disseminating earnings and taxes.

Let’s delve deeper into the different aspects of payroll.

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