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The term "payroll" refers to the procedure of determining how much money must be paid to employees for the work that they have done and then actually handing out that money. It casts a shadow over base salary or earnings, in addition to any supplementary forms of remuneration, such as bonuses, commissions, or benefits. The processing of payroll is ...

Payroll management is a critical function that takes care of the payment of salaries or wages. It includes accurately calculating earnings, deducting taxes and other contributions, managing regulatory compliance, and ensuring payments are made on time and without error. Payroll management can be complex, tedious, and overwhelming without the right...

    Payroll management is a crucial part of any business and has a direct impact on employee satisfaction, tax compliance, and the financial stability of your business. Although it may seem quite simple, payroll management can often be a very complex and time-consuming task. It may also be overwhelming for small business owners or mana...

The frequency of how often your company runs payroll may seem at first to be a hassle-free decision, but there are some important things to consider, such as Department of Labor regulations, employee preferences, taxes, benefits, and payroll costs, to name just a few. Additionally, the payroll frequency you choose will affect your company’s a...

We know it is difficult to understand how to calculate payroll taxes, but what’s more difficult is the calculation of pre-tax and post-tax deductions. Imputed income is a significant part of these taxes. While filing a tax return, you often get stuck on some points. And that main point is imputed income. Since employees aren’t paying f...

Businesses, whether small, medium, or large, need a payment schedule as long as there are employees. From pay cycle, pay day, pay period to pay schedule, there are so many payroll-related terminologies that business owners must understand. This is the only means of remaining at the top of situations.  However, choosing a pay schedule is not a...

Whether you’re a part-time worker or joining or leaving mid-year, you must know how to calculate pro rata salary. After all, you must know exactly how much salary you’ll get for the exact amount of time you’ve worked.  Generally, pro-rata refers to the percentage or proportion that someone distributes in equal parts accordin...

Are you a member of the self-employed army? According to Forbes statistics, 30 percent of Americans have been self-employed during some point of time and 14 percent of these people reveal that being an independent contractor is their primary occupation. While being self-employed gives you a lot of freedom, it also results in various responsibiliti...

You may have a question: Is a warrant the same as a check? Or payroll cards vs. direct deposit? To get around in the world of money, you need to know how these two documents are different.  A warrant is a written order from a court or government agency that gives someone legal authority to do something. At the same time, a check is a written ...

Payroll management using simple spreadsheets is a hectic and time-consuming process. The online payroll templates offer a time-efficient, professional, and proficient method of creating and sending payrolls. We offer an extensive collection of online payroll templates ranging from simple to complex layouts. Here we have discussed a step-by-step pro...

For any business to thrive, prompt payment of its workforce is a priority. Often, business owners are unsure of the best payment method for their staff. Payroll cards and direct deposit are popular means of payment among business owners. Both payment methods have their benefits and downsides.For this reason, it’s necessary to consider the advantage...

When running a business, employers use several pay periods to pay employees. Besides monthly payments, bi-weekly and semi-monthly pay periods are quite common in the labor market. Most times, people get confused about the bi-weekly and semi-monthly pay periods. Each pay period has peculiar features, benefits, and drawbacks. This article tells you ...

A garnishment is a court-ordered deduction from your wages after you miss payments. The garnishments listed on your pay stub are critical for understanding how much money you'll have to give up as repayment for a debt. This comprehensive guide will help you identify and understand the different garnishments. Also, you will understand how they aff...

One necessary tax that affects both the company and the employee is the social security tax. In this article, we will discuss how to calculate social security wages from a pay stub.  What Are Social Security Wages? Social security wages are an employee's earnings from which social security taxes are withheld at the federal level. Pay supplie...

Both forms of payment are essential parts of financial operations for individuals and organizations. Knowing the differences between the two types of warrants can help ensure that your payments are correct and that your money is safe. What Are Payroll Warrants?

A payroll warrant, or warrant of payment, is a document allowing an employee to coll...

Usually, employers attach pay stubs to pay slips, but that's not the case when they make payments through direct deposits. Instead, direct deposit promotes ease and convenience. Employees can get their payment in record time for their needs. It's important to have your pay stubs. For one, it lets you know your actual pay and indicates whether the ...