The payroll register is a good report to use because it encompasses the payroll data employers must keep on file per federal law. Keep in mind that the FLSA does not require a specific form for recordkeeping. So, you can produce a register to supply the information, if necessary. This ...
Even when cash flow trouble exists, proactive planning will ensure you can make payments on-time. Solution #1: Invoice Factoring (Payroll Funding) Invoice factoring, also referred to as payroll funding when utilized by staffing and recruitment agency owners, is an excellent solution for how to ...
One way to limit payroll’s impact on your cash flow is to pay your people using direct deposit or digital pay options instead of paper checks. Because you don’t know when someone will cash a paycheck, it becomes more difficult to ensure you always have sufficient funds in your bank acco...
Accurate payroll is necessary for high employee engagement and retention. In fact, employee surveys have found that after only two paycheck problems, half of respondents said they would consider getting a new job. (HRDive) Access Control for Restricted Work Environments Some employee time clock ...
Wasted efforts: No matter how great you are at your job, a sale is never guaranteed. You may dedicate hours or months to a client and not make any commission money, which can be a big loss. Can I negotiate my commission rate?
So, how much is holiday pay? Generally speaking, there are four options when it comes to handling federal holidays: Time off with holiday pay: Your employees can take a day off work without any deductions to their paycheck. In other words, holiday pay equates to the same rate of pay tha...
Under the FLSA, your employer does not have to give you your final paycheck at the time of separation, but can wait until the next payroll period. Many states have last paycheck laws that dictate when employees should receive final wages. The due date may depend on the conditions surrounding...
Jane didn’t work more than 40 hours, so she isn’t entitled to any overtime under the FLSA. Example Two: John is a non-exempt hourly employee who regularly works 35 hours a week. John’s wage is $10.00 per hour and his paycheck is $350.00 each week. One week John works 50 ...
Remember to do this within ten days of the date of the first paycheck. 3. Set up your payroll schedule Texas law mandates that employees exempt from the Fair Labor Standards Act (FLSA) get paid at least once a month. All other employees should be paid at least twice a month, with ...
A payroll tax cut would mean that fewer Social Security and Medicare taxes are withheld and taken out of paychecks. The idea is that workers and businesses would take home a little extra with each paycheck and that would encourage them to spend more and stimulate the economy. What Is a Payr...