If you accidentally underpay an employee, you’ll undoubtedly hear about it. But if you slip and overpay your employees, you may not know for weeks or months. As a business owner, it’s up to you to manage payroll with the same precision you afford to every other part of your business…
What are payroll liabilities?
When I worked an hourly job, I would always try to calculate how much I’d get in my next paycheck before I received it. It was a nice treat when my shoddy back-of-the-envelope arithmetic failed and my paycheck was larger than expected.
As an employer and the one cutting the checks, you’re responsible…
How to set up a wage garnishment
Wage garnishments are tough. The government or some third party sends you a notice, sometimes with a court order, to reduce the wages of one of your trusted employees and then send the difference to them.
The government can garnish wages for unpaid taxes, unpaid student loans, and, of course,...
How and when to use a payroll register
When I first learned how to do payroll, one thought kept flowing through my mind: “Holy expletive, this is a lot of numbers to keep track of.”
The company I worked for had several classifications and each caused the employee to be paid a little differently. Some...
How to use variable pay in your small business
You have to spend money to make money. It’s an adage few can refute.
Variable pay is one of those business expenses which, when effectively implemented, can yield handsome returns.