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 ...

Calculate take-home pay by dividing actual paycheck amount by gross pay and multiplying by 100. Adjust calculations for salaried or hourly status to find correct gross pay per period. Consider bonuses ...

It's almost that time of year; tax season is nearly here. But with all the forms and applications you need to fill out, it's easy to get confused. No matter if it's your first time or you've been ...

Net pay is the amount of money employees earn after payroll deductions are taken away from gross pay. These includes taxes, benefits, wage garnishments and other deductions. In simple terms, net pay ...

(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 ...

Tax season is nearly upon us. For some, it may be your first time filing taxes. And even for those who have filed for years, taxes are not always the easiest task to tackle. Here's what you should ...