Want to encourage employees to sport your company’s apparel? Or, looking for an employee benefit that’s appealing to new hires? You may consider offering employee discounts. Employee discount programs for small business come with several business benefits, like increased retention and sales. But before offering them, understand what qualifies as an employee discount and whether […]
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Paying Employees - Tips, Training, and News
Should You Consider Opening a Payroll Account for Your Small Business?
October 17, 2022Keeping track of your expenses is part of being a business owner. You probably heard it said that you need a separate business bank account in addition to your personal bank account. But, you might not be familiar with a payroll account. What is a payroll account, and should you consider opening one for your […]
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ACH vs. Wire Transfers: Which Should You Use to Pay Employees?
October 17, 2022Paying 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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Are Reimbursements Taxable? Guidance on Employee Expense Reimbursement Plans
October 14, 2022Sometimes, 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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How to Pay Nonprofit Employees
October 12, 2022People often think that nonprofit organizations run off of volunteers, or if they do have employees, they are poorly paid. This isn’t always true. Many nonprofit organizations have employees and they are well compensated for their work. Nonprofits tend to attract and retain top talent by giving their employees compensation that is similar or equal […]
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When Does Direct Deposit Go Through? Direct Deposit Timeline and Process
October 12, 2022You might have decided to pay some or all of your employees via direct deposit services. Direct deposit helps simplify the amount of work you need to do when it comes to paying employees. But, employees might ask you when they should expect their wages to be deposited. When does direct deposit go through?
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Is it Legal to Pay Employees in Cash?
October 12, 2022When you pass “GO” in Monopoly, you receive $200 in “monopoly money” cash. Easy. Simple. Done. That may be all well and good for a board game, but does it work in a business setting? Is paying employees in cash the easiest payment method? Is it legal to pay employees in cash?
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Outstanding Checks in Payroll: How to Handle
September 30, 2022Writing employees checks is one way you can pay them their wages. But if an employee takes too long to deposit their paycheck, you have to deal with the consequences. There are a few things you might have to do when paychecks are outstanding checks.
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Bitcoin Payroll: Weighing the Pros and Cons for Small Businesses
September 15, 2022Do you know how to pay employees? There are several methods, like checks, direct deposit, and … bitcoin? You have most likely heard of bitcoin or cryptocurrency while watching the news, reading a newspaper, or searching the internet. You may be asking yourself, What exactly is bitcoin? And, Is there such a thing as bitcoin […]
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Travel for Work: Tips for When Employees Go on a Business Trip
September 14, 2022As a business owner, traveling for work can be exciting. After all, what employee doesn’t like driving around town to meet daily business needs, or better yet, going to a new place and meeting new people? But, whether it’s in town or out of town, travel for work can also be time-consuming, complicated, and frustrating. […]
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