As an employer, you are likely familiar with reporting regular wages and taxes withheld on Form W-2. But, are you aware that you must report other amounts or payment types, such as imputed income? Learn what is imputed income, types, and how to report imputed income.
Read More What Is Imputed Income?
The term “regular hours” can mean several different things, but most often refers to the usual hours that employers expect their employees to work. When an employer runs payroll, they usually must select from several different hours types: regular hours, overtime hours, holiday hours, etc.
Read More What Are Regular Hours?
Remote work may have taken the nation by storm during the pandemic, but it isn’t evenly distributed across the USA. For example, Colorado and Massachusetts have a significantly higher remote-work rate than Mississippi and Alabama.
Read More Remote Work Map: The States With the Most People Working from Home
Holidays are normally times of joy and showing kindness to others. When a holiday occurs, you might want to share holiday cheer with your employees in the form of compensation. Holiday pay can come in a couple of forms, and it often depends on if employees work on the holiday.
Read More What Is Holiday Pay?
If your company offers retirement plan options, you have to ensure each employee can benefit equally from the plan. To do this, you must consider who is a highly compensated employee (HCE). Not familiar with highly compensated employees? No worries. We’ll go over the HCE definition, how to determine who is classified as a highly […]
Read More What Is a Highly Compensated Employee?
If you want to pay an employee supplemental compensation, such as a bonus or a relocation payment, you must withhold payroll taxes just like with regular wages. But, what if you want an employee to receive a specific amount after taxes? That is when you gross-up payroll figures. And to do that, you need to […]
Read More How to Gross up Payroll
When it comes to running payroll, there are a lot of terms you need to be familiar with. One that you need to know like the back of your hand is gross wages. But, what are gross wages? And, how do you calculate them for your employees’ checks? We’ve got the answers to these questions […]
Read More What Are Gross Wages, and How Do You Calculate Them?
You may have an employee whose wages are subject to garnishment at some point. What is a wage garnishment? And what do you need to do?
Read More What Is a Wage Garnishment? What Employers Need to Know
The tax world is overflowing with funky-sounding acronyms, and FUTA might be the strangest one out there. You may be wondering, What is FUTA tax?
Read More What Is FUTA Tax? Understanding the Federal Unemployment Tax Act
As a small business owner, you must decide what types of employment you need, such as hiring part-time workers, full-time employees, or a mixture of both. And, it’s your responsibility to understand the differences between part-time and full-time workers. Read on to learn about part-time vs. full-time employment and which is best for your small […]
Read More Part-time vs. Full-time Employment: Determining the Status of Your Employees