It's important to keep track of how much you've earned throughout the tax year. Here's how net pay works and its difference from gross pay.

Although gross pay is the amount provided on financial documents such as tax forms, net pay represents how much your employees actually have to spend on payday. To calculate net pay from gross pay, ...

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 ...

No businessperson wants to get a message from an employee or the Internal Revenue Service saying that payroll taxes were calculated incorrectly. Payroll deductions are usually figured using a computer ...

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 ...

Learn how to accurately calculate bonus pay and taxes to ensure you comply with tax regulations and provide accurate compensation to employees. Bonuses can be an excellent tool to incentivize and ...

A tax calculator tool from the nonprofit Tax Foundation looks at take-home pay after the new law, including write-offs like ...

FURLOUGHED workers can return part-time from today. It is up to employers to decide how many hours staff will work – and employees should be paid full wages for this time. Please provide a valid email ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately ranks near the top of the list. That includes withholding the correct amounts for ...