As an employer, at some point or another, you may have stumbled across the term “full-time equivalent employee.” Maybe you noticed it while researching information about the Paycheck Protection Program loan. Or, maybe you came across it while looking into COBRA. Whatever the case may be, you should know how to calculate a full-time equivalent employee for a number of situations.
Continue reading “How to Calculate a Full-time Equivalent Employee for the PPP Loan, ERC, & More”
If you’re an employer, you know that processing payroll can suck up a lot of your precious time. You might have to follow certain steps like inputting employee information, double-checking payroll and withholding tax calculations, and distributing pay stubs.
With so many responsibilities and so little time, it can be hard to keep up. Instead of letting payroll pull you away from your small business, use the tips in this article to save time processing payroll.
Continue reading “6 Ways to Save Precious Time Processing Payroll”
Starting in January 2020, 1.3 million more Americans will be eligible for overtime pay, thanks to the DOL new overtime rule. The Department of Labor announced its final rule on the new FLSA salary threshold on September 24, 2019. Continue reading “The DOL New Overtime Rule and How it Will Affect Your Business”
When you become an employer, part of your responsibilities include handling payroll taxes. On top of remitting taxes, you also might employ workers in a state with a paid family leave program, such as New York.
If you have employees who work in New York state, you need to learn about the New York PFL program.
Continue reading “Everything You Need to Know About New York PFL”
If you operate a nonprofit organization, you may be eligible to apply for tax-exempt status, such as 501(c)(3) status. Learn what is 501(c)(3) status, types of 501(c)(3) organizations, and how to apply for 501(c)(3) status.
What makes one worker an employee and another not an employee? It can be confusing to determine which is which. But, it’s essential that you understand the difference. So, let’s take a look at who is an employee. Continue reading “Who Is an Employee?”
When an employee leaves your business, there are certain payroll and HR tasks you must do. It doesn’t matter if the employee is voluntarily or forcibly terminated. Employee termination procedures guarantee that your business remains in compliance with federal and state laws. Continue reading “Employee Termination Procedures Your Business Must Do”
When you pay employees, you must give them their wages at regular, consistent intervals. But when you choose the pay frequency, you need to follow federal and state payment laws. Learn the pay frequency requirements by state, plus the federal regulations. Continue reading “Federal and State Pay Frequency Requirements”
If you accept check payments from customers, you need to know that the checks might not always clear. A customer might not have enough in their bank account to cover the check amount. Learn what to do when a check bounces. Continue reading “What to Do When a Customer Check Bounces”
Remote work is becoming more common. If you hire remote workers who work in a different state than where your business is located, you need to know how to handle pay and employment issues. Continue reading “How to Handle Pay and Employment Issues When You Hire Remote Workers”
