If your employee punches a time clock, it saves you monitoring when they check in and out of the job. When it comes time to calculate payroll, figuring the hours for a 9 a.m. to 5 p.m. workday with an ...

As you hire employees for your small business, you'll not only want to know what they will cost you by the time you're done with wages, taxes and benefits, you'll also want to know if they can live on ...

Overtime pay is the additional pay an employee receives for working beyond their regular hours in a work week, usually beyond 40 hours. This additional pay is typically calculated as one and a half ...

Overtime pay is an important topic for both workers and employers. Knowing how to calculate it correctly can help ensure fair compensation and compliance with labor laws. This article will break down ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately ranks near the top of the list. That includes withholding the correct amounts for ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. The U.S. Department of Labor regulates how and when overtime ...

Learn how to calculate payroll taxes in these easy steps. Follow our guide for accurate tax deductions, tips, and tools to simplify payroll processing. Calculating your employees’ gross pay is just ...

It's almost that time of year; tax season is nearly here. But with all the forms and applications you need to fill out, it's easy to get confused. No matter if it's your first time or you've been ...

Subtract standard deduction and pre-tax contributions to determine taxable income. Use tax tables to estimate federal tax; add state, Social Security, and Medicare taxes. After taxes, subtract ...

(Updated April 15, 2020: The SBA has provided additional guidance on how individuals with self-employment income who file a Schedule C, with and without employee. If you would like additional ...