Employers are legally permitted to round employee hours worked to the nearest quarter-hour for payroll purposes. This makes payroll calculations easier for some businesses. For many small businesses, ...

(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 ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Payroll processing requires an EIN, pay schedule, gross pay calculation, deduction management, and tax withholding. Follow these steps to run payroll.

Part 1: Small Business Administration Updates Paycheck Protection Program Guidance Due to economic hardship caused by the ongoing COVID-19 pandemic, many businesses have become reliant on loans from ...

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.

If an hourly employee works beyond 40 hours in a week, they are entitled to overtime pay. However, if that employee performs different roles at different pay rates, you may have to use a “blended rate ...

This is the gross pay for the pay period before any deductions, including wages, tips, bonuses, etc. You can calculate this from an annual salary by dividing the annual salary by the number of pay ...