Before you run your first paycheck, you must register for payroll taxes. In this video, Nellie Akalp, CEO of CorpNet.com, walks you through the process in 5 simple steps.
Whether you’re setting up payroll for the first time or expanding into new states, this guide makes it easy to understand exactly which accounts you need and how to get them registered correctly.
Step 1: Get Your Federal EIN Every employer needs an EIN before registering for state payroll accounts. You’ll learn what it is, why you need it, and where to get it.
Step 2: Register for State Withholding Tax This is the tax you withhold from employee paychecks and send to your state’s Department of Revenue. We’ll cover: ● What the withholding account is ● Where it’s filed ● Why processing times vary by state
Step 3: Register for State Unemployment Insurance (SUI) SUI (or SUTA) is required for every employer. You’ll learn: ● Where to apply ● What information is required ● How SUI rates are issued
Step 4: Know Your Deadlines & Set Up Payroll Once your accounts are approved, you’ll receive: ● State withholding account number ● State unemployment account number We’ll also explain deposit schedules, quarterly reporting, and what to give your payroll provider.
Step 5: Want to Skip the Paperwork? If you want help with: ● State withholding registration ● State unemployment registration ● Local payroll tax accounts
CorpNet handles the entire setup process for you in all 50 states — fast, accurate, and fully compliant.
In this video, Nellie Akalp, CEO of CorpNet, breaks down payroll taxes in a clear, simple way so you know what you’re responsible for when you hire employees. Whether you’re hiring your very first team member or expanding your business into new states, understanding payroll taxes is essential to staying compliant and avoiding costly IRS or state penalties.
In this video, Nellie Akalp, CEO of CorpNet, breaks down payroll taxes in a clear, simple way so you know what you’re responsible for when you hire employees. Whether you’re hiring your very first team member or expanding your business into new states, understanding payroll taxes is essential to staying compliant and avoiding costly IRS or state penalties.