Patriot Software

JANUARY 28, 2019

Some types of pay you offer employees can depend on your industry, business, and preference, like commissions. There are also mandatory wages, such as overtime. Overtime wages. If you have nonexempt employees, you must follow overtime laws. Overtime pay is time and a half , or 1.5 Commissions.

Commissions 47

Commissions Overtime Bonuses Taxes 47

Business Management Daily

JULY 3, 2023

For example, the Equal Employment Opportunity Commission (EEOC) requires that employers must keep personnel records for one year. Additionally, the IRS requires that employers hold onto tax documents for 4 years after the tax becomes due or paid, whichever occurs later. What types of tax records should you keep?

Family and Medical Leave Act 52

Family and Medical Leave Act Medical Banking Taxes 52

Genesis HR Solutions

JULY 3, 2019

This includes gross wages and extra financial compensation, such as bonuses or commissions, as well as the employer-paid portion of retirement plan contributions, insurance premiums, and paid time off benefits. Commissions. Base pay/overtime. Commission/bonuses/incentive pay. Indirect Compensation: Taxes.

401(k) 40

401(k) Commissions Retirement Plan IT 40

Genesis HR Solutions

FEBRUARY 26, 2019

Whenever someone moves to a different state or locality, it potentially impacts their taxes. This may include the I-9 form proving they are authorized to work; signing any internal policies or handbooks; and completing tax forms. If an employee has been terminated, does this person have accrued unused vacation or paid time off (PTO)?

Payroll 40

Payroll PTO Deductions Deductible 40

Hireology

OCTOBER 1, 2018

Start the New Tax Year with an Automated Payroll System. By running your last payroll of 2018 on your previous payroll system and the first payroll of 2019 on your new system, you can make a clean switch to kick off the new tax year. Other payroll providers have added charges for reporting and end-of-year tax forms.

Payroll System 60

Payroll System Payroll Overtime Taxes 60

Hireology

SEPTEMBER 20, 2017

Start the New Tax Year with an Automated Payroll System. By running your last payroll of 2017 on your previous payroll system and the first payroll of 2018 on your new system, you can make a clean switch to kick off the new tax year. Other payroll providers have added charges for reporting and end-of-year tax forms.

Payroll System 60

Payroll System Payroll Overtime Taxes 60

Hireology

JUNE 6, 2017

Overtime Costs. How much does your business spend on overtime each pay period? Do you receive notifications when an employee is approaching overtime? Without a process in place to track and budget for overtime, annual overtime pay can end up causing your profitability to take a hit. Turnover Rates.

Overtime 60

Overtime Management Payroll PTO 60