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, ...

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 ...

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 ...

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Form W-9 collects taxpayer ID for reporting income such as dividends and interest. W-9 income isn't initially withheld; payees must report and pay taxes themselves. Backup withholding at 28% applies ...

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 ...