Running payroll is more than cutting employees a check for their hours worked. Payroll takes time. A lot goes into calculating and withholding taxes and deductions. There’s room for mistakes and opportunities for improvement. You can use payroll KPIs, or key performance indicators, to analyze how well you manage payroll.
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Payroll Tips, Training, and News
May 29, 2024
How to Hire and Manage Temporary Employees
Do you need an extra set of hands for a few weeks or months? You may opt for a temporary employee. Temporary employees can cover for employees on leave, help during your busy season, or fill in gaps in the workplace.
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May 22, 2024
What Is Pay as You Go Workers’ Comp?
Workers’ compensation insurance isn’t just a great way to help protect your business investment. In many states, it’s required if you have employees. Pay as you go workers’ comp lets employers pay only for the workers’ comp insurance they need in real-time.
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May 17, 2024
How to Calculate Hours Worked for Payroll [+ Tools to Use]
You 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.
Read More How to Calculate Hours Worked for Payroll [+ Tools to Use]
May 10, 2024
New Overtime Rule for 2024: How Will it Affect Your Business?
Starting in July 2024, four million new workers will become entitled to overtime pay, thanks to the Department of Labor’s (DOL) new overtime rule.
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May 8, 2024
Payroll Cutoffs: Best Practices to Pay Your Employees on Time
Paying 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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May 8, 2024
What Is Minimum Wage? Federal & State Rates for 2024
The minimum wage law prevents employers from paying employees below a certain amount per hour. What is minimum wage? There is a federal minimum wage, but many states and localities set a higher wage. Comply with labor laws by learning what minimum wage your business may be subject to.
Read More What Is Minimum Wage? Federal & State Rates for 2024
May 8, 2024
How to Calculate Net Pay: Step-by-step Guide and Examples
Employee salary: $50,000 a year. But you know that’s not what they’re walking away with. Between taxes and benefit deductions, the employee’s take-home pay could be far from the $50,000 sticker price (cue the sad violin). Learn how to calculate net pay to find your employees’ take-home wages.
Read More How to Calculate Net Pay: Step-by-step Guide and Examples
May 8, 2024
How to Fill Out Form W-2: Box-by-box Breakdown
Once you send Forms W-2 to your employees, you don’t have to worry about the annual form until next year. Or, do you? If you don’t know how to fill out Form W-2, you may run into problems.
Read More How to Fill Out Form W-2: Box-by-box Breakdown
May 8, 2024
New W-4 Form: IRS Makes Minor Changes to 2024 Form, Allowances Still Out
You don’t file Form W-4 with the IRS, but your payroll depends on it. Employers use Form W-4 to determine how much to withhold from an employee’s gross wages for federal income tax. How familiar are you with the new W-4 form for 2024?
Read More New W-4 Form: IRS Makes Minor Changes to 2024 Form, Allowances Still Out
