A significant portion of the workforce remains “unbanked”—without access to basic banking services—creating challenges for both employees and employers. Understanding this population and their barriers to banking is essential for building inclusive workplaces and ensuring secure and efficient pay distribution. What Is an Unbanked Employee? An unbanked employee is an individual who does not have…
How To
How to Improve the Candidate Experience: 8 Strategies
Creating an exceptional candidate experience isn’t just about filling positions—it’s about building relationships and showcasing your company’s commitment to people from the very first interaction. Here are 8 strategies on how to improve your candidate experience. 1. Highlight Your Company Culture Think of your company culture as a living, breathing ecosystem that candidates want to…
How to Write a Job Description: Tips, Examples & Free Template
A job description explains the work duties and requirements of a particular job role within your company. It should also include details about your company culture, as well as the compensation and benefits offered for the position. Once created, it can be published on a job board to attract top talent or used as an…
How to Do Payroll in Maine: An Employer’s Guide
To do payroll in Maine, it’s important to know its state payroll laws, especially for seasonal businesses. The state charges income tax from 5.8% to 7.15%, and its unemployment insurance tax runs from 0.22% to 5.69% (adjusted rate). In addition to rules for seasonal jobs, there are specific guidelines for employing minors. Step-by-Step Guide to…
How to Calculate Bonus Pay for Employees: 2025 Ultimate Guide
How to calculate bonus pay depends on the bonus type, tax implications, and payout method. Learn the various calculation methods to ensure labor law compliance and proper employee payment.
Calculating Nonperformance-based Bonuses Nonperformance bonuses are an easy way to make sure all employees share in the incentives, and it simplifies gross bonus amount calculations for you. Some common bonuses not based on performance include percent of salary, holiday bonuses, retention or sign-on incentives, and referral bonuses. Percent-of-salary bonus This is one of the most…
How to Do Payroll in Oklahoma: An Employer’s Guide
Doing payroll in Oklahoma involves more than paying employees. In addition to filing federal taxes, you must file state income and unemployment insurance taxes. There are exemptions for some workers, like military spouses, and the state has its own W-4 form (the document you’ll have new employees submit upon hire) with different withholdings than those…
Can I Cash a Check Made Out to My Business Without a Business Bank Account?
The short answer to this question is no. Due to regulatory changes, this process has been refined over the years and generally requires a business relationship with a bank. Walking into a bank, endorsing the back of a business check, and requesting cash is not handled like it once was. Under certain circumstances, this may…
How To Fill Out Form 1120 for Tax Year 2024 (With Example)
All domestic C corporations (C-corps) must file IRS Form 1120, US Corporation Income Tax Return, every year they are in business—even if they don’t have any taxable income. The financial information in Form 1120 is pretty straightforward as long as you have your balance sheet and profit and loss (P&L) statement prepared before completing the…