Frequently Asked Questions

I'm opening up a new business - what all needs to be done?

When opening up your new business, there are a few specific things you’ll need to do to be able to process payroll.

• Register with the IRS
• Register for a withholding tax permit with the State of Iowa
• Register for an Unemployment account with Iowa Workforce Development

For other things to think about when opening a business, check out this blog.

What information do you need to get us setup?

Whether you are just starting your business or you’ve been open for years, we try to make your setup as easy and painless as possible. For a complete list of company and employee information that we’ll need to get you setup, please contact us at info@future-systems.net.

Do you have new hire forms?

Our HR software has all of the necessary new hire forms when you utilize online onboarding for your employees.  If you need the paper version, you can find our standard set of new hire forms here. These include the Federal W4, IA W4, Form I-9 and a direct deposit form. Check out this blog for more information in regards to other documents you may want new hires to sign during the onboarding process.

How long do I need to keep payroll information?

The general rule for keeping most payroll-related information is between 3 and 5 years. The length of time that you need to keep records for could be different based on the state you are in or the type of records you have. For a more detailed listing, please visit our blog on record retention.

Can you recommend a...

Of course we can! Whether you are looking for a CPA, bank, financial advisor, benefits provider or any other business service, we can provide you with a list of experts that we work with on a regular basis.