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?
As an employer, you are responsible for withholding various taxes from employees’ wages. After you subtract all of the taxes and other deductions, money left over is considered take-home pay. Read on to learn more about what is take-home pay and how to calculate it.
Read More Your Guide to Take-home Pay
The minimum wage law prevents employers from paying employees below a certain amount per hour. What is minimum wage? There is a federal minimum wage, but many states and localities set a higher wage. Comply with labor laws by learning what minimum wage your business may be subject to.
Read More What Is Minimum Wage? 2026 Federal and State Minimum Wage
As a business owner, running errands is inevitable. But sometimes, you are too busy to make the run yourself. You might send an employee to pick up something or handle a task for you. If you find yourself counting on employees to use their personal cars for business, consider offering mileage reimbursement. So, what is […]
Read More What Is Mileage Reimbursement? 2026 Rates and More
The Metropolitan Commuter Transportation Mobility Tax (MCTMT) was enacted in 2009 to provide funds for transportation, taxing income earned from wages and self-employment in 12 downstate counties in the state of New York.
Read More What Is the MCTMT Tax?
As an employer, you’re responsible for payroll taxes, like Medicare tax. So, what’s the purpose of Medicare tax? And, what does it include? Keep reading to get a brief rundown. Medicare Taxable Wages Definition The wages taxed that support the Medicare system, which is a health insurance program devised by the federal government to provide […]
Read More A Closer Look at Medicare and Medicare Taxable Wage
If you have employees, you’re responsible for handling and paying Medicare tax. Like all things tax-related, Medicare tax can get complicated quickly. Read on to learn what is Medicare tax, what it funds, and how much it costs.
Read More What Is Medicare Tax? A Closer Look for Employers & Employees