Bookkeeping and payroll for small businesses across central Virginia.

Call / Text: (866) 478-7426

What forms do I need when I hire a new employee?

Every employee needs to complete Form W-4 before receiving their first paycheck. This tells you how much federal income tax to withhold based on their filing status and any adjustments they claim. Keep the completed form in your files. You don’t send it anywhere unless the IRS specifically requests it.

Form I-9 verifies the employee is authorized to work in the United States. The timing on this one is strict. The employee fills out Section 1 by their first day of work. You complete Section 2 within three business days of their start date after reviewing their identity and work authorization documents. Keep I-9s on file for three years after hire or one year after termination, whichever is later. Mess up the timing and you’re exposed to penalties if you’re ever audited.

Virginia requires Form VA-4 for state withholding. It works similarly to the federal W-4 but determines Virginia income tax withholding. If an employee doesn’t give you a VA-4, you have to withhold at the highest rate, which most employees won’t appreciate when they see their first paycheck.

You also need to report new hires to Virginia’s New Hire Reporting Center within 20 days of their start date. This isn’t a form the employee fills out. You submit their name, address, Social Security number, and your employer information through Virginia’s online system. The state uses this data to locate parents who owe child support and to detect unemployment fraud.

Beyond government-required forms, most employers collect a few additional items. Direct deposit authorization so you can pay employees electronically. Emergency contact information. Benefits enrollment paperwork if you offer health insurance or retirement plans. These aren’t legally mandated but they’re standard practice for small business owners running a legitimate operation.

The forms themselves are straightforward. The harder part is making sure withholding calculates correctly each pay period and that filings happen on schedule. Many business owners in Richmond find that working with payroll services takes this off their plate entirely, especially when they’re focused on running the business rather than tracking compliance deadlines.

Keep copies of all completed forms organized by employee. A simple folder system works fine. Digital copies are acceptable as long as they’re backed up and you can access them quickly if someone asks.

Greater Richmond's Small Business Bookkeeper

The Next Step:
A Short Conversation

Fifteen minutes to tell us what you're dealing with. We'll let you know how we can help and give you a clear price quote.

More Questions

What Restaurant Expenses Are Tax Deductible?

Almost everything you spend to run the restaurant is deductible. Food costs, labor, rent, equipment, supplies, marketing, even the music license. The key is tracking it properly and categorizing it correctly.

Read answer

Should I use cash basis or accrual accounting for my business?

Most small businesses do fine with cash basis because it's simpler and matches what you see in your bank account. Accrual makes more sense when you need an accurate picture of profitability across longer billing cycles or carry significant inventory.

Read answer

When are Virginia business tax returns due?

Virginia business tax deadlines follow federal deadlines. Partnerships and S-Corps are due March 15, while sole proprietors and C-Corps file by April 15. Extensions add time to file but not to pay.

Read answer

How Do I Set Up Job Costing for My Construction Business?

Track every cost against the job it belongs to. Labor hours, materials, subs, equipment. Compare what you bid against what you spent. Without this, you won't know which jobs make money until it's too late to do anything about it.

Read answer

When are payroll taxes due to the IRS?

The due date depends on your deposit schedule. Most small businesses are monthly depositors, which means taxes are due by the 15th of the month following each payroll.

Read answer

How do I handle sales from third-party delivery apps like DoorDash and Uber Eats?

Record the full sale amount as revenue and the platform's commission as a separate expense. The deposit will be the net amount, but your books will show true sales and actual delivery costs.

Read answer

Virginia bookkeeping firm focused on small businesses. Bookkeeping, payroll, and fractional CFO services from a local Richmond team. A decade of working with businesses like yours. QuickBooks ProAdvisor certified.

Client Reviews

5-Star Rated Firm

Social

  • Intuit ProAdvisor Gold tier certification badge
  • Intuit Certified QuickBooks Level 1 ProAdvisor badge
  • Intuit Certified QuickBooks Level 2 ProAdvisor badge
  • Intuit Certified QuickBooks Payroll ProAdvisor badge

© 2026 Tri-County Bookkeeping LLC