Payroll is arguably a business’s biggest expense. Between taxes and benefits, an employee costs up to 32% more than their wages. To accurately budget for your payroll-related expenses, try payroll forecasting.
Read More Payroll Forecasting: Strategies for Predicting Employee ExpensesPayroll Articles
Payroll Tips, Training, and News
April 5, 2024
Understanding Final Paycheck Laws by State (+ Ultimate Chart!)
Did an employee leave your business? It’s time to whip out your employee termination checklist to see what you need to do. And one of the responsibilities on said checklist is giving terminated employees their final paycheck. But, how soon do you need to pay their final paycheck? Cue final paycheck laws by state.
Read More Understanding Final Paycheck Laws by State (+ Ultimate Chart!)
April 5, 2024
PTO Payout Laws by State: Is Your Use-it-or-lose-it Policy Breaking the Rules?
Deciding whether you want to provide paid time off (PTO) is something you need to do before you hire an employee. Offering PTO also requires you to craft a PTO policy that explains how your business treats accrued PTO. But, PTO payout laws by state may restrict whether you can establish a use-it-or-lose-it policy. Sure, […]
Read More PTO Payout Laws by State: Is Your Use-it-or-lose-it Policy Breaking the Rules?
April 5, 2024
How to Calculate a Raise Percentage for Your Employees
Fewer employers plan to give pay raises in 2024 than in 2023, according to SHRM. Even so, 79% of businesses plan to dole out pay raises. To avoid losing your top employees, you might consider offering pay raises. Learn about criteria for raises, when to give salary raises, and how to calculate a raise percentage.
Read More How to Calculate a Raise Percentage for Your Employees
April 5, 2024
How to Calculate Payroll Taxes: A Look at Social Security and Medicare Tax Calculations
Having employees is an amazing feeling. But learning the responsibilities of being an employer can be daunting. One responsibility you have once you hire employees is learning how to calculate payroll taxes and withholding taxes from their paychecks. For accurate withholding, learn how to calculate payroll taxes here.
Read More How to Calculate Payroll Taxes: A Look at Social Security and Medicare Tax Calculations
