As an employer, you want to see your employees succeed and grow along with your company. To reward employees for great performance, you may decide to give them variable pay. But, what is variable compensation exactly?Read More What Is Variable Pay, and How Exactly Does it Work?
If you’re an S corporation owner, you need to run payroll for yourself. Part of S Corp ownership is listing yourself as an employee to pay yourself a salary. But, how do you run S Corp payroll? And, what do you need to know about the process before you write yourself your first paycheck?Read More Running S Corp Payroll for an Employer’s Wages
Employer responsibilities are countless, and taxes are arguably the most important. You need to know which taxes to calculate and withhold from employees, how much to contribute as an employer, when to file, and more. And, you need to know what employment tax returns you need to file.Read More A Brief Guide to Employment Tax Returns
Between 50% – 78% of workers live paycheck to paycheck. These employees (and likely all employees) count on receiving their wages on their scheduled pay date. But, bank holidays might pose a slight hiccup. What happens if payday falls on a bank holiday?Read More Get Ready to Mark Your Calendar! Here’s What Happens If Payday Falls on a Bank Holiday
As an employer, you may decide to experiment with flexible work schedules to boost productivity, combat turnover, and improve work-life balance. One type of flexible work arrangement you can try out is a compressed workweek. But, how does a compressed week work, and what’re the perks of having one in your business?Read More Looking for Some Flexibility? Consider a Compressed Workweek
As an employer, you’re responsible for keeping up with the latest tax news and withholding the correct amount of taxes from employee wages. One tax that you constantly need to keep up with is Social Security tax. So, how often does Social Security tax increase? Read on to learn how frequently the Social security tax […]Read More How Often Does Social Security Tax Increase?
Paying Social Security tax is a time-honored tradition—since 1937, to be exact. Both employers and employees pay the tax. But when an employee hits the Social Security wage base, it’s game over for withholding and contributing the tax.Read More The Social Security Wage Base Is Your Cue to Stop Withholding This Tax
As a business owner and employer, there may be times when your employees receive tips. But, does receiving a tip from a customer automatically make an employee a tipped employee? And if so, what are the laws, regulations, and requirements for tipped employees and their wages? Keep reading to learn more about how to handle […]Read More How to Handle a Tipped Employee and Their Pay
Want to avoid breaking labor laws? Then you need to pay employees according to federal, state, or local minimum wage law. But if you have tipped employees, you might be able to pay a lower, tipped minimum wage.Read More Can You Pay That?! Federal and State Tipped Minimum Wage Rates
If you have tipped employees, you want to make sure you pay them correctly. You might be able to take a tip credit, which lowers the minimum wage you have to pay tipped employees. But, you need to use the tip credit correctly to avoid potential lawsuits or penalties.Read More What Is a Tip Credit, and Who Qualifies to Take It?