- Prepare for financial audit
- Prepare the statement of
  income & expenditures
- Prepare the balance sheet
- Obtain an EIN
- Prepare Form 990
- Prepare Form 990-EZ
- Labor Organizational
  Bond Coverage
- Prepare Department of
  Labor reports
- Establish a payroll system
- Complete withholding forms
  and filing requirements

The best route to establish a payroll system is to have a payroll service such as Paychex or ADP help you establish your payroll system.  These firms will, for a modest fee, calculate and prepare payroll checks, make payroll tax payments and file reports required by state, federal and even local agencies.