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  • Employees can earn a commission for car sales.

    What Is Commission?

    posted by Mike Kappel
    Newest Article
  • What Is the Fair Credit Reporting Act?

    posted by Mike Kappel
    Recent Article
  • What Is Commission?

    Typically, employers provide hourly or salary wages to workers. However, some business owners pay commission to employees. What is commission?  

    What Is the Fair Credit Reporting Act?

    Before hiring a new employee, employers typically run background checks, or consumer reports, on the individual. The consumer report can reveal information like the applicant’s criminal and public records, as well as their credit report.

    But before looking into an individual’s credit, you need to know about the Fair Credit Reporting Act. What is the Fair Credit Reporting Act?   

    Learn How the OSH Act Applies to Your Business

    As an employer, it’s your job to make sure your employees stay safe at work. You must make sure they don’t become ill or get injured from anything at your business.

    To ensure workplace safety, you must follow the Occupational Safety and Health Act.

    What You Need to Know About the Social Security Wage Base

    Social Security tax is an employer and employee tax. That means you are required to withhold a percentage of each employee’s wages and make a matching contribution. The Social Security tax generally does not change from year to year (with some exceptions). However, you need to know about the Social Security wage base.

    The Social Security tax limit changes annually. If you don’t know the current wage base, your Social Security tax withholding could be incorrect. Learn the purpose of Social Security, as well as the rate and wage base.

    What Is the Form W-2 Deadline?

    Form W-2 is a document that details what you paid an employee during a calendar year. It shows their gross wages, withheld taxes, and other withholdings.

    You must send Form W-2 to employees so they can fill out their annual income returns. And, you must send Form W-2 to the Social Security Administration (SSA) and state government so the governments can check tax returns for accuracy.

    So, what is the Form W-2 filing deadline? Find out below.

    Everything You Must Know About Personal Use of Company Vehicles

    Do your employees use company-owned or company-leased vehicles?

    When an employee uses a company vehicle for business purposes, the vehicle use is a working condition fringe benefit. This means the value of using the vehicle isn’t included in the employee’s income, nor is it taxed.

    But, when an employee uses a company vehicle for personal reasons, you generally must include the value of using the vehicle in the employee’s income. And, you must withhold taxes on the value of the benefit.

    Learn what’s considered personal use of a company vehicle, how to calculate it, and how to handle taxes and reporting.

    10 Common Payroll Mistakes Small Businesses Make

    Running payroll accurately is extremely important. Even small mistakes can result in fines. That’s why you need to be on the lookout for common payroll mistakes.

    Your Federal and State Labor Law Posting Requirements

    Labor law posters are federal and state notices that tell employees about their legal employment rights. If you have even one employee, you must hang labor law posters. It is your responsibility to hang the correct posters and keep them up to date as statutes change.

    There are numerous employment posters. How can you know which ones to post?

    Learn How an Employee’s Filing Status Affects Payroll

    Withholding federal income tax from employee wages is a necessary, but tricky, part of running payroll. There is no standard amount you withhold from employee wages for federal income taxes. Instead, tax amounts are determined by factors like pay, claimed allowances, and filing status.

    You need to have each employee’s tax filing status so you can determine the correct amount to withhold. Learn about the different tax filing status options and how filing status can affect the amount you withhold for federal income tax.

    Familiarize Yourself With Group-term Life Insurance Tax

    Fifty-five percent of private industry employees have access to employer-sponsored life insurance, and 98% of those employees enroll in the benefit. As a popular benefit, you might offer group-term life insurance. If you decide to offer it, you need to be familiar with group-term life insurance tax.

    What Is Commission?

    Typically, employers provide hourly or salary wages to workers. However, some business owners pay commission to employees. What is commission?  

    What Is the Fair Credit Reporting Act?

    Before hiring a new employee, employers typically run background checks, or consumer reports, on the individual. The consumer report can reveal information like the applicant’s criminal and public records, as well as their credit report.

    But before looking into an individual’s credit, you need to know about the Fair Credit Reporting Act. What is the Fair Credit Reporting Act?   

    Learn How the OSH Act Applies to Your Business

    As an employer, it’s your job to make sure your employees stay safe at work. You must make sure they don’t become ill or get injured from anything at your business.

    To ensure workplace safety, you must follow the Occupational Safety and Health Act.

    What You Need to Know About the Social Security Wage Base

    Social Security tax is an employer and employee tax. That means you are required to withhold a percentage of each employee’s wages and make a matching contribution. The Social Security tax generally does not change from year to year (with some exceptions). However, you need to know about the Social Security wage base.

    The Social Security tax limit changes annually. If you don’t know the current wage base, your Social Security tax withholding could be incorrect. Learn the purpose of Social Security, as well as the rate and wage base.

    What Is the Form W-2 Deadline?

    Form W-2 is a document that details what you paid an employee during a calendar year. It shows their gross wages, withheld taxes, and other withholdings.

    You must send Form W-2 to employees so they can fill out their annual income returns. And, you must send Form W-2 to the Social Security Administration (SSA) and state government so the governments can check tax returns for accuracy.

    So, what is the Form W-2 filing deadline? Find out below.

    Everything You Must Know About Personal Use of Company Vehicles

    Do your employees use company-owned or company-leased vehicles?

    When an employee uses a company vehicle for business purposes, the vehicle use is a working condition fringe benefit. This means the value of using the vehicle isn’t included in the employee’s income, nor is it taxed.

    But, when an employee uses a company vehicle for personal reasons, you generally must include the value of using the vehicle in the employee’s income. And, you must withhold taxes on the value of the benefit.

    Learn what’s considered personal use of a company vehicle, how to calculate it, and how to handle taxes and reporting.

    10 Common Payroll Mistakes Small Businesses Make

    Running payroll accurately is extremely important. Even small mistakes can result in fines. That’s why you need to be on the lookout for common payroll mistakes.

    Your Federal and State Labor Law Posting Requirements

    Labor law posters are federal and state notices that tell employees about their legal employment rights. If you have even one employee, you must hang labor law posters. It is your responsibility to hang the correct posters and keep them up to date as statutes change.

    There are numerous employment posters. How can you know which ones to post?

    Learn How an Employee’s Filing Status Affects Payroll

    Withholding federal income tax from employee wages is a necessary, but tricky, part of running payroll. There is no standard amount you withhold from employee wages for federal income taxes. Instead, tax amounts are determined by factors like pay, claimed allowances, and filing status.

    You need to have each employee’s tax filing status so you can determine the correct amount to withhold. Learn about the different tax filing status options and how filing status can affect the amount you withhold for federal income tax.

    Familiarize Yourself With Group-term Life Insurance Tax

    Fifty-five percent of private industry employees have access to employer-sponsored life insurance, and 98% of those employees enroll in the benefit. As a popular benefit, you might offer group-term life insurance. If you decide to offer it, you need to be familiar with group-term life insurance tax.

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