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10 steps to maintain end-of-year payroll compliance

Business Management Daily

Pay out bonuses. The end of the year is a popular time to pay out bonuses to employees. These bonuses are often fairly standard across the board, making them easy to calculate and pay out. On the other hand, some companies or job roles include bonuses and bonus criteria in their compensation plans.

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Types of Wages That Might Come up in Your Small Business

Patriot Software

Unless an employee’s employment agreement explicitly promises them bonuses, you can give bonus pay at your discretion. Accrued time off pay, or PTO accrual, is when an employee has earned paid time off from work but has not used it. Make things easier on yourself by using Patriot’s online payroll software. Severance pay.