A business owner without liabilities is like a house without a door. You just don’t see it. And if you’re an employer, one of your many liabilities revolves around payroll. You can’t neglect or delay paying your payroll liabilities, or you may face disgruntled employees, IRS penalties, and upset payroll service providers. So, what are […]
Read More What Are Payroll Liabilities?
Pay frequency, or how often you pay your team, is one of the first decisions you must make when you hire your first employee.
Read More Pay Frequency: Definitions, Options, and How to Choose
Have you ever had an employee ask you for a salary advance? Maybe they’ve hit a financial rough patch. Something unexpected, such as a medical emergency, might require more money than the employee has saved up.
Read More A Closer Look at Salary Advance Agreements and Payroll Policies
Sometimes you need to change an employee’s pay. You must do certain things to ensure a smooth adjustment of the employee’s wages. Before you change an employee’s wages, make sure you understand pay adjustments and how to make them.
Read More Employee Pay Adjustment: A Definitive Guide to Effectively Manage Changes in Wages
As a small business owner, you might not want to hire full-time employees for every position. You may decide to hire a part-time employee instead. What is a part-time employee?
Read More What Is a Part-time Employee?
Thinking about giving your employees paid sick, personal, or vacation days? Why not combine them under one paid time off plan?
Read More Paid Time Off (PTO): How to Offer Your Employees PTO
If you pay employees, you need to know about overtime pay laws and how they can affect your business. So, what is overtime? Dive into everything you need to know about overtime pay below.
Read More What Is Overtime? Details Every Business Owner Needs to Know
Non-taxable wages are wages given to an employee or individual without any taxes withheld (income, federal, state, etc.). However, most wages that you pay out to your employee(s) are taxable. So when are wages non-taxable? The IRS definition of a non-taxable wage and other tax-exempt income is fairly narrow. (Please note that there are exceptions […]
Read More What Is Non-Taxable Income?
Worker classification is critical. After you’ve narrowed down whether a worker is an independent contractor vs. employee, you’re not done. You need to also figure out if an employee is nonexempt. What is a nonexempt employee?
Read More What Is a Nonexempt Employee?
Hiring new employees is exciting, but it’s also filled with a lot of paperwork. From Form W-4 to Form I-9 and all the forms in between, there’s a lot to record. But, there is one more to add to the list, and you don’t want to forget it: new hire reporting.
Read More What Is New Hire Reporting?