Employers are legally permitted to round employee hours worked to the nearest quarter-hour for payroll purposes. This makes payroll calculations easier for some businesses. For many small businesses, ...

In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ...

Payroll processing requires careful handling to ensure accurate paychecks and payroll tax compliance. An employer may use an in-house computerized system in which payroll software does the ...

When a multiwage employee works overtime, which of their wage rates do you base their overtime rates? Blended overtime pay ...

Overtime pay is the additional pay an employee receives for working beyond their regular hours in a work week, usually beyond 40 hours. This additional pay is typically calculated as one and a half ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

organization. However, budgeting for hourly employees can be challenging because they may work more or less as circumstances demand. Fortunately, with a clear understanding of your business’s needs ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Processing payroll involves cumbersome and detailed ...

(Updated April 15, 2020: The SBA has provided additional guidance on how individuals with self-employment income who file a Schedule C, with and without employee. If you would like additional ...