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 ...

It's important to keep track of how much you've earned throughout the tax year. Here's how net pay works and its difference from gross pay.

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 ...

As a staff writer for Forbes Advisor, SMB, Kristy helps small business owners find the tools they need to keep their businesses running. She uses the experience of managing her own writing and editing ...

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 ...

A piece-work compensation system pays employees a specific amount for each unit they work on or produce each day. Calculating sick pay relies on concrete salary data for normal work days.

Payroll processing includes mandatory and voluntary deductions from employees' paychecks. Medical benefits are voluntary deductions that many employers offer their employees. Employees who accept the ...