As pay card usage picks up steam, you may consider using them in your small business. But before you decide to implement this payment method, you must understand pay card laws by state.
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Paying Employees - Tips, Training, and News
Can Employers Make Direct Deposit Mandatory?
Many employees (more than 93% of them) receive their wages via direct deposit. When you are deciding how to pay your employees, direct deposit likely comes to mind. However, not all employees want to receive their wages through direct deposit. Can you require mandatory direct deposit? Brush up on federal and mandatory direct deposit by […]
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What Are Gross Wages, and How Do You Calculate Them?
When it comes to running payroll, there are a lot of terms you need to be familiar with. One that you need to know like the back of your hand is gross wages. But, what are gross wages? And, how do you calculate them for your employees’ checks? We’ve got the answers to these questions […]
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Everything Employers Need to Know About Earned Wage Access
The digital age has brought with it a slew of new technologies and advances. From cryptocurrency to digital wallets to blockchain, people are experiencing newer and faster ways of living than ever before. Another advance employers should keep an eye on is earned wage access. Keep reading to get the scoop on what earned wage […]
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Running S Corp Payroll for an Employer’s Wages
If you’re an S corporation owner, you need to run payroll for yourself. Part of S Corp ownership is listing yourself as an employee to pay yourself a salary. But, how do you run S Corp payroll? And, what do you need to know about the process before you write yourself your first paycheck?
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What Is Tip Credit, and How Can It Benefit Your Small Business Payroll?
If you have tipped employees, you want to make sure you pay them correctly. You might be able to take a tip credit, which lowers the minimum wage you have to pay tipped employees. But, you need to use the tip credit correctly to avoid potential lawsuits or penalties.
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A Handy Guide to the Payroll Register
Payroll has a lot of moving parts to keep track of: employee hours, gross pay, net pay, payroll taxes, employee deductions, employer contributions, and the list goes on. Seeing all of that information in one place would be a dream come true, right? That’s where the payroll register comes in. So, what is a payroll […]
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What Is Non-Taxable Income?
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 […]
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6 Great Ways to Learn Payroll: Tips for Small Business Owners
“How do I do payroll?” That’s probably not the first question you asked when you decided to start a business, it probably wasn’t even your 50th question. But if you’re going to hire employees, you will need to know how to do payroll.
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What Is a Pay Stub? Quick Facts for Employers
When you have employees on payroll, you withhold taxes and issue payments on a regular basis. And regardless of which way you choose to pay your employees (e.g., direct deposit), there is one item you typically need to give to employees: a pay stub. But, what is a pay stub? What is on a pay […]
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