Payroll accruals are sums that your business owes to workers for hours they have worked. Because few companies pay employees immediately, there is usually a lag time between the end of a pay period ...

How do you calculate employer payroll tax expense? Divide each employee's gross wage by 7 in order to determine their FICA tax owed. 65% of the market, as shown in the following chart. The amounts you ...

The first step in calculating annual leave pay is determining the daily rate of pay. To find this, take the employee’s ...

Some payroll taxes are merely collected by an employer and remitted to government agencies, but there are also taxes that employers are required to pay by federal and state governments. The IRS ...

Tax season is nearly upon us. For some, it may be your first time filing taxes. And even for those who have filed for years, taxes are not always the easiest task to tackle. Here's what you should ...

It's almost that time of year; tax season is nearly here. But with all the forms and applications you need to fill out, it's easy to get confused. No matter if it's your first time or you've been ...

We are a team of writers, experimenters and researchers providing you with the best advice with zero bias or partiality. The crux of the payroll function is to pay employee’s wages accurately. Payroll ...

If an hourly employee works beyond 40 hours in a week, they are entitled to overtime pay. However, if that employee performs different roles at different pay rates, you may have to use a “blended rate ...

(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 ...