Payroll & Finances
President Joe Biden recently signed the American Rescue Plan Act into law. This new round of economic stimulus in the wake of COVID19 affects businesses in a variety of ways. Learn more about what changed and what you need to know in 2021.
Personal finance starts with understanding your paycheck. Why is it less than I thought it’d be? What are all these deductions and withholdings? Understanding your pay stub and getting clear on the taxes and payroll deductions you face will prepare you for a better financial future.
When it comes to choosing a payroll provider, there is so much more than just running payroll. Unfortunately, many business owners rush to choose the provider without considering many alternatives. Learn more about the four reasons you should consider making a change.
One of the most effective ways to increase the productivity and motivation of your employees is to incentivize them with a bonus program. This article walks you through how to create an effective employee bonus plan, and what you need to consider to make it work.
Although there is a mandated federal minimum wage, many states require employers to pay employees at different rates. If you run a business across state lines, or are just making sure you’re up-to-date with your local regulations, check out this complete list of minimum wage requirements in every state.
The different words used to describe wages can be confusing. This article summarizes the difference between gross wages and net wages, and why understanding this difference is important.
The scramble to secure PPP loans has been top-of-mind for small business owners. Once a loan is secured, the next step for many of them will be to determine how to qualify for loan forgiveness. One thing everyone will need to know is what full-time equivalent employees are and how to calculate your FTE number.
Now that PPP loans are being issued, a common question facing small business owners is how do I ensure that my loan is forgiven? The number one step towards a forgivable loan starts with an understanding of the 75/25 rule.
What does paid in arrears mean? Are there any benefits to paying employees in arrears? How does paying employees in arrears affect my payroll calculations? Keep reading for answers to these and more questions.
Switching payroll companies can seem like a daunting task, but with the right knowledge and help, the payroll provider transition can be a smooth one.