- November 13, 2018 at 3:07 pm #280529
I work for a small business and accepted an offer to do month to month profit sharing – getting 20% of profits made over $1000 each month.My question is, since this is month to month and it becomes part of my paycheck, is it right for my bonus to be added on to next month’s deficits since it’s included in my paycheck? It didn’t seem quite right to me.November 13, 2018 at 3:15 pm #280632
We typically respond to questions that small business owners ask, as employee payroll questions should probably go to your employer. However, we can tell you that it’s difficult to pay a bonus until the month’s revenues are in, so they’re often paid the month after they’re earned. Here’s an article describing the payroll process. https://fitsmallbusiness.com/payroll-processing/
If you scroll down in the article, you’ll find payroll rules specific to the state you work in. You’ll also want to check the employment laws in your state to make sure you’re being compensated fairly (these are often posted on the wall at your employer’s location — such as in the break room). Best of luck to you.
Laura, HRDecember 3, 2018 at 7:39 pm #290645
These is profit sharing shared according to monthly income of a business between the business owners
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