Question: What is required to do payroll for my corporation?
Answer: I recommend that you use a third party payroll company. There are several companies out there that provide payroll services. You may also get payroll services from your bookkeeping software vendor or from your bank.
If want to do the payroll yourself, then I recommend you read the IRS and State of Michigan publications on payroll.
Publication 15, Employer’s Tax Guide. This publication outlines the IRS requirements for payroll.
IRS Circular 230 Disclosure: To the extent this writing contains advice on a federal tax issue, the advice is not intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed in this communication.