How do you guys run payroll?

Discussion in 'Ask An Owner Operator' started by statentrucks, May 19, 2023.

  1. statentrucks

    statentrucks Bobtail Member

    6
    0
    Jan 2, 2023
    0
    I'm curious to hear how OOs run payrolls, especially as you've added more drivers. I've heard a lot of Zelle/CashApp use, but am not sure thats the best way for tax reporting end of year.
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Terlingua

    Terlingua Medium Load Member

    487
    1,019
    Oct 24, 2021
    0
    I'm not an O/O, but having non-trucking small business experience, if I had to pay employees other than myself, I would absolutely use a payroll service to make sure everything is done correctly related to deposits, tax withholding, and end of year forms and reporting. It's also not very expensive, especially compared to the amount of time required to do it yourself.
     
  4. Ridgeline

    Ridgeline Road Train Member

    22,103
    113,207
    Dec 18, 2011
    Michigan
    0
    I had an accountant set it all up for me, I suggest you do the same.
     
    Opus and Magoo1968 Thank this.
  5. BoostedTeg

    BoostedTeg Road Train Member

    1,733
    2,899
    Jun 2, 2008
    Boise ID
    0
    When I had just myself as an actual employee I had a payroll company do it for me. They charged me $11 dollars a month to do it I paid myself on salary and only received one paycheck a month.
     
    Accidental Trucker, Oxbow and ibcalm19 Thank this.
  6. Constant Learner

    Constant Learner Medium Load Member

    648
    980
    Jul 19, 2011
    The Moon
    0
    I don't have a payroll, don't need it, it's only me.
    The tax guy does everything when he does my taxes.
     
  7. dirthaller

    dirthaller Road Train Member

    1,012
    11,790
    Sep 22, 2011
    Coloratah
    0
    I use a 3pl payroll place. I only pay myself quarterly. I pay $400 annually for this service.
     
  8. Kshaw0960

    Kshaw0960 Road Train Member

    1,581
    5,023
    Jun 17, 2018
    0
    I do bank transfers. It’s easy. Driver sends in a trip sheet that he scans before BOL. On it is the hub miles. I just add the miles from all the trips and shoot it to a payroll company that charges me $14/mo. Other driver that wants 1099 I just do a bank transfer.
     
  9. Mr Uturn

    Mr Uturn Light Load Member

    176
    216
    Jul 30, 2021
    0
    My bank handles it. They issue me and the wife each a check (actually direct deposit) twice a month. They take care of the reporting withholding and sending it to the gov.
     
  10. fortycalglock

    fortycalglock Road Train Member

    6,150
    6,581
    Jun 25, 2011
    Tourist Town, FL
    0
    Quickbooks Payroll, it’s super easy.
     
    Midwest Trucker Thanks this.
  11. Derailed

    Derailed Road Train Member

    2,383
    2,657
    Dec 10, 2008
    Upstate NY
    0
    I use intuit online payroll for myself. I'm a c corp. Takes care of everything and easy to use.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.