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 ...

Employees may be paid by the hour or by salary, with other payment options like bonuses, commissions and by-the-project. With a salary, workers and bookkeepers may need to calculate work hours and 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 ...

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 ...

On December 1, if you're a salaried employee who makes less than $47,476 a year, there's a good chance that your pay structure will change. That's because on that day a new federal rule goes into ...

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 ...