Employers are legally permitted to round employee hours worked to the nearest quarter-hour for payroll purposes. This makes payroll calculations easier for some businesses. For many small businesses, ...

A bonus is a supplemental amount paid over and above what is normally due to an employee. There are a variety of ways companies determine the amount of a bonus. When it comes to completing payroll, ...

Understand payroll's components, from employee compensation to calculating taxes like FICA. This guide simplifies payroll ...

Forbes contributors publish independent expert analyses and insights. Mike Kappel is the Founder of Patriot Software, LLC. It’s a beautiful day. You woke up with a pep in your step, had the best dang ...

A payroll includes determining the total working hours of the employees, allowances of the employees, withholding taxes, and maintaining financial records of all the payments. It requires you to ...

(Updated April 15, 2020: The SBA has provided additional guidance on how individuals with self-employment income who file a Schedule C, with and without employee. If you would like additional ...

As a business owner, you are responsible for performing payroll withholdings on time and correctly, even if you use a payroll service. These deductions are calculated each pay period and include ...

Remember when you were an employee instead of a small business owner? As you toiled away at your tasks, you might have occasionally reminded yourself that it was all worth it to get paid every two ...

As an employer, deducting and depositing payroll taxes is an essential part of your payroll process. This guide explains what payroll taxes are and how to pay them. When people ask, “What is payroll ...

Running payroll for your team doesn’t have to take very long thanks to modern payroll software platforms. Here’s how to run it in less than five minutes.

Payroll taxes are deducted from an employee’s paycheck specifically for Social Security, Medicare, and unemployment. Confusion about FICA vs FUTA arises because both are similarly named types of ...