All Payroll Articles - Page 3

When processing payroll for yourself vs employees, choosing the right business structure is key to minimizing taxes. Determining how much and how often to pay helps with managing profitability and cash flow, which is why setting up a payroll system is important. Good payroll services make it easy and support employers with tax law compliance….

The way you choose how to calculate bonuses for employees can affect company morale. Performance bonuses encourage personnel to work toward achieving individual and company goals, and nonperformance bonuses can make everyone feel appreciated. You can multiply an employee’s total sales earned by a fixed bonus percentage or pay a flat rate to everyone. is…

The best training for payroll is relative to what you’re trying to accomplish. If you’re a business owner needing to run payroll for employees, you can spend little to no money learning with online resources. If you’re a payroll clerk who wants to be promoted, a $2,000 advanced payroll program might be more appropriate. If…

Tip pooling is combining all or a portion of all of your employees’ tips and redistributing among eligible front-of-house employees. Often confused with tip sharing, which traditionally includes employees who don’t directly receive tips, tip pooling can increase morale. However, there are laws, like forbidden management participation, that must be followed to avoid being fined….