How 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.

By Robie Ann Ferrer January 10, 2025 | How To, Human Resources

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

By Bryan Driscoll January 9, 2025 | Free Resources, How To, Human Resources

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?

By Rayanne Harmon January 9, 2025 | Banking, How To

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)

By Liz Smith, CPA, MSTFP January 9, 2025 | How To, Taxes

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…

How to Do Payroll in Tennessee: An Employer’s Guide

By Bryan Driscoll January 9, 2025 | How To, Human Resources

Learning how to do payroll in Tennessee is pretty simple since there are no state-specific regulations. Tennessee also does not have income taxes or any local taxes, and in turn, no state W-4 tax withholding form for you to process. Step-by-Step Guide to Running Payroll in Tennessee Tennessee follows federal guidelines for payroll, making the…

How to Create an Employee Survey to Boost Engagement

By Genevieve Que January 9, 2025 | How To, Human Resources

Creating an employee survey involves determining the survey goals, demographics, format, and questions; testing and analyzing the results; and, finally, creating an action plan. An employee survey should measure and improve engagement, evaluate the success of onboarding, or monitor reaction to a specific issue. It should also provide relevant and valuable insights into the employee…

How to Do Payroll in Louisiana: An Employer’s Guide

By Bryan Driscoll January 9, 2025 | Free Resources, How To, Human Resources

Processing payroll in Louisiana is relatively straightforward. Louisiana has only one state-specific payroll form and no local taxes. Its income tax system is progressive, with rates ranging from 1.85% to 4.25%—so the more an employee makes, the more they will pay in taxes. Step-by-Step Guide to Running Payroll in Louisiana Processing Louisiana payroll is not…