Everybody makes mistakes. And if you’re an employer, you’ve probably made (or will make) a payroll mistake at some point. If you make a mistake or forget to pay an employee certain wages (e.g., bonus), you might need to provide retroactive or back pay.
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How Mobile Wallet Works, and Ways to Use Digital Payments for Payroll
As an employer, you are likely familiar with the standard methods of paying employees, such as cash, checks, direct deposit, and pay cards. However, as technology advances, so do the methods of paying employees. Mobile wallets and pay are slowly becoming the future of payroll. In fact, mobile payments are expected to increase to $503 […]
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Direct Deposit or Pay Card? The Best Option for Your Small Business
As a small business owner, you have the freedom to choose how to pay your employees. And with so many options, it can be difficult to make a decision. Two popular payment options for employers include direct deposit and payroll cards. Before choosing between paying employees with direct deposit or pay card, weigh the pros […]
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For Payroll Adjustments, There’s Retro Pay
Sometimes, payroll mistakes happen. If you pay an employee less money than you should have during a pay period, you owe them retro pay. What is retro pay?
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The Dangers of Doing Payroll by Hand and How to Avoid Them
Doing payroll by hand can save your business money if you do it correctly. There are all sorts of laws, calculations, and taxes that you have to implement with precision. But, small business owners are busy, and many who do payroll by hand often make costly mistakes.
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How to Convert Salary to Hourly for Nonexempt Employees
Sometimes, being an employer feels like you’re doing nonstop math. And if you want to know how to convert salary to hourly rate for employees, it’s time to whip out those calculators.
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Sick Balance on Paycheck Requirements by State
No matter when you cut your checks for your employees, paychecks usually come with a pay stub. A pay stub, or check stub, explains details about your employee’s pay.
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Equal Pay Laws by State: Deciphering Laws for Fair Wage Practices across the U.S.
There are many laws in the workplace that govern employers and employees. You need to be sure you are in compliance with federal and state laws at all times as a small business owner. One prominent issue today is equal pay between men and women. Federal law and equal pay laws by state aim to […]
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What Are Payroll Internal Controls?
Payroll involves a lot of sensitive and personal employee information. It is important for employers to keep that information safe. You also need to prevent payroll fraud. You need to limit who has access to payroll information and who can make changes to your small business payroll. Do you know how to maintain payroll confidentiality?
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What Is a Pay Card?
As an employer, you have a few options for paying your employees. Common options include direct deposit, cash, or check. Some employers may handwrite checks while others print them. Other employers may opt for early wage access for their employees. But, there is another option: pay cards.
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