In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ensure your payroll is precise.

Every business owner needs a system for processing payroll, even sole proprietors. With more than one employee, you need a system that tracks and calculates payroll expenses for each person. When you ...

Calculating federal tax deductions and withholdings can be complicated without the help of a tax deduction calculator or payroll software. However, once you understand the required forms and methods ...

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 ...

We may receive a commission from our partners if you click on a link to review or purchase a product or service. Click to Learn More Payroll refers to a list of employees paid by a company. The term ...

(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 ...

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 ...

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 ...

Business News Daily provides resources, advice and product reviews to drive business growth. Our mission is to equip business owners with the knowledge and confidence to make informed decisions. As ...

Estimate annual taxes by multiplying withholdings from a typical pay stub by payment frequency. Use tax calculators with current data to forecast if you'll owe or get a refund. Adjust withholdings if ...