For many businesses, payroll is the largest expense. The cost of an employee can be 32% more than their wages. Plus, you have to pay for the cost of running payroll. But savvy business owners know there are ways to cut back on expenses, including payroll costs.
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How to Calculate Hours Worked for Payroll [+ Tools to Use]
May 17, 2024You must know each employee’s hours worked to run payroll. To do that, you must calculate hours worked. So, what does the process of calculating hours worked look like? Learn how to calculate hours worked step-by-step below, plus get an in-depth example.
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Payroll Cutoffs: Best Practices to Pay Your Employees on Time
May 8, 2024Paying your employees on time is essential, especially because 62% of Americans live paycheck to paycheck. Plus, many state pay frequency requirements regulate when you pay employees. Understand payroll cutoffs to pay your team on time, every time. So, what is a “payroll cutoff?”
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Answers to 18 Payroll Questions You Are Dying to Ask
May 2, 2024For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions.
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Payroll Data Security: Defending Against Payroll Data Breaches
April 2, 2024Data breaches and cyberattacks happen every day. Payroll contains sensitive employee information such as Social Security numbers and bank account details, making it a goldmine for cybercriminals. And because 43% of all data breaches target small businesses, payroll data security should be top of mind.
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Can Payroll Services Handle Direct Deposit?
February 22, 2024If you want to deposit your employees’ paychecks directly into their bank accounts, you need direct deposit. Direct deposit is a convenient payment method for employees, who receive their paycheck quickly and securely on payday. Most employers handle direct deposit through their payroll software.
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How to Calculate Payroll by Hand
January 30, 2024When you have employees, payroll is one of your most important tasks. Because payroll is oh-so-important, you need to know how to calculate payroll. That includes knowing how to calculate taxes and other deductions accurately. Read on to learn more about how to calculate payroll by hand.
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How to Pay Employees: The Different Ways to Pay Your Employees
January 30, 2024How do you pay your employees? With checks? Direct deposit? Other? There are several ways to pay employees, especially as money continues to move into the digital sphere. If you want to know how to pay employees, take a look at these ways to pay your employees.
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How to Convert Minutes for Payroll: Your Go-to Guide
January 30, 2024If you have hourly employees, you likely have them track their hours. But, what happens if they only work a fraction of an hour? How do you know how much to pay them?
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How to Set up Direct Deposit Payroll for Employees in 6 Steps
January 29, 2024With direct deposit being the most popular payment method for employees, you may decide to jump on the bandwagon at some point. But if you’ve never paid employees via direct deposit before, you probably have a few questions about the direct deposit setup process. To ensure your direct deposit is ready to roll, learn how […]
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