A shift differential, or shift pay, is a premium employers pay to employees who work outside of normal business hours. For example, if a restaurant is open past midnight, employees working the night shift may receive an extra $2 an hour. Legally, employers must include this premium in any overtime calculations, or they’ll face penalties….
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Self-employed Payroll: How to Pay Yourself in 2019
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….
What a Payroll Card Is, Costs & Providers
A payroll card (pay card) is a prepaid debit card employers used to pay employees who don’t have bank accounts. Although regulated by state law, they’re similar to direct deposits in that money is sent electronically and setup is sometimes free. Pay cards are available from dedicated providers (FlexWage or VISA), banks, or payroll companies….
W9 vs 1099: IRS Forms, Differences, and When to Use Them 2019
A W9 is an Internal Revenue Service (IRS) form that’s used to gather information about a contractor so that their earnings can be reported at year-end. Conversely, a 1099 (1099-MISC) is the document that’s issued at year-end to show how much income the contractor earned. Thanks to QuickBooks Payroll for sponsoring this post. As a…
How to Calculate Bonuses for Employees
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…
Free Pay Stub Template: Tips & What to Include
A pay stub is a document that serves as a record of an employee’s paid wages in addition to taxes and deductions withheld. We provide more than 50 free pay stub templates to help you comply with laws in the 41 states that require employers provide them—even if paying with cash or direct deposit. Downloadable…
Top Tips to Get the Best Payroll Training
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…
Restaurant Tip Pooling Laws & Guidelines
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….
How to Calculate & Process Retroactive Pay
Retroactive pay (retro pay) is a payment made to an employee to make up the difference between what was paid and what should’ve been paid. It can occur when salary is increased in the middle of a pay cycle or a bonus that was earned in a prior pay period is paid. In this article,…
How to Pay Independent Contractors in 5 Steps
For employers, paying independent contractors is simpler and often cheaper than paying employees because they don’t have to withhold or pay taxes. Although year-end reports are required to show amounts paid, labor laws—like minimum wage—that cover employees don’t apply. Even better, some payroll services charge $5 a month per contractor. If you’re looking for an…
6 Top Church Payroll Services 2019
Church payroll is nonprofit payroll with added clergy tax nuisances. You can use a church payroll service, and a specialist will process your payroll; software requires you do more work. Cost ranges from $600 to $1,400 a year for 10 employees. We evaluated pricing, compliance, church-specific features, and customer reviews to determine the best options….
6 Best Restaurant Payroll Software 2019
The best restaurant payroll software helps businesses pay employees accurately and on-time, manage payroll taxes, and track tips using special tip reporting features. Annual costs can range from $468 to more than $4,000 for 20 employees. We evaluated costs, restaurant-specific features, human resource support, and customer reviews to determine the top six systems. 6 Best…