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

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, ...

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 ...

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 ...

(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 ...

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 ...

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 ...