Even if you pay an employee a salary, you might owe them overtime wages. Learn how to calculate overtime pay for salaried employees correctly. And, check out step-by-step examples.
Read More How to Calculate Overtime Pay for Salary EmployeesKaylee DeWitt
Is Paperless Payroll Legal?
Thanks to technology, you can do almost everything online. That includes many parts of your payroll process. There are many reasons to use paperless payroll, including cost savings and environmental benefits. But, is paperless payroll legal?
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How to Maintain Payroll Confidentiality
Payroll includes a lot of confidential information. Your payroll records include both business and employee information. There are names, addresses, Social Security numbers, dates of birth, pay rates, benefits, deductions, and bank accounts. With so much sensitive information, it is important to maintain payroll confidentiality.
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Everything You Should Know About Outsourcing Payroll to Online Software
Your small business has many options to run payroll. You could run payroll yourself or you can outsource it. Outsourcing payroll to a payroll software can be a great benefit for your business.
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Who Pays Unemployment Tax? Understanding FUTA and SUTA Taxes
When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees?
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ACH vs. Wire Transfers: Which Should You Use to Pay Employees?
Paying employees electronically is a good option. You use less paper and employees are less likely to lose their checks. Because the payments go directly into employee bank accounts, your workers are guaranteed to get their money. As you look at ways to send electronic payments, you might come across two methods: ACH and wire […]
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How to Withhold Taxes on Tips
If your employees receive tips, it is important to remember that tip income is taxable. Employees must report all tips they receive, and you must withhold payroll taxes on tips.
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Are Reimbursements Taxable? Guidance on Employee Expense Reimbursement Plans
Sometimes, an employee might pay for a business expense out of their own pocket. When that happens, you can reimburse the employee. An employee expense reimbursement does come with some complications. Are reimbursements taxable? Do you need to report the reimbursement? Find out below.
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The Payroll Compliance Checklist You Need to Use
Payroll compliance isn’t a once-per-year task you can easily check off. Remaining compliant is a big job. You must make sure your business is compliant with all payroll laws year-round. You can make payroll compliance easier and less stressful by doing tasks throughout the year. In fact, there are some tasks, like filing taxes, that […]
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A Breakdown of the Colorado Occupational Privilege Taxes
A handful of cities in Colorado have a local tax called an occupational privilege tax. Both employees and employers owe it. If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are.
Read More A Breakdown of the Colorado Occupational Privilege Taxes
