On Monday, May 27th, we will celebrate Memorial Day in honor of all the brave men and women who have made the ultimate sacrifice while defending our country. As we prepare to remember our fallen heroes, Payroll Partners would like to remind you that since...
Do you run a small business? Have you hired bookkeepers to manage your accounting and payroll processes? The payroll process might seem like something you can manage manually. However, calculating wages, reporting taxes and paying attention to other payroll deductions are very time-consuming responsibilities. That’s why...
What is on-demand pay? How can it boost your company’s bottom line? Through on-demand pay apps, you can provide workers with additional benefits and improve your employee turnover rate. Many of these apps can be integrated into your payroll system, so you don’t have to...
According to a Department of Labor release, a newly issued rule increases the salary threshold required to exempt a salaried bona fide executive, administrative or professional employee from federal overtime pay requirements. The release states, "Effective July 1, 2024, the salary threshold will increase to the equivalent...
The pay stub can be referred to as a pay or wage statement and may be considered the decoder ring of payroll. Pay statements summarize employees’ gross pay, taxes and deductions, and net pay. They can be in printed format or made available electronically. Pay stubs...
The ways to pay employees — especially as money continues moving into the digital sphere — have proliferated. You have options. Choose the one that best fits your business. You may want to peruse the different methods to see which makes the most sense for...
Question: Do we need to pay our summer intern? Answer: Generally, yes, though it depends on who benefits most from their work. The U.S. Department of Labor (DOL) has adopted the “primary beneficiary test” to determine whether a worker is an employee (who must be paid in...
By nature, nonprofits operate with the selfless assistance of volunteers. However, what if we told you that nonprofits also have paid employees who rely on regularly scheduled paydays? Nonprofits face payroll challenges similar to those of for-profit businesses Just like for-profit businesses, nonprofits have to learn...
Your employees want to make their workspaces at home efficient and comfortable. Remote work stipends can cover that. You determine what's eligible. A stipend can cover a laptop, bookcases, lighting, coffee, electric and utility bills, toilet paper, coworking space fees, learning and development perks, and...
A compensation plan is designed to attract and retain employees. Build your compensation plan to ensure pay equity while balancing the needs of your small business and delivering value to customers. Pay competitively relative to companies similar to yours in size and industry in your region....