How to Process Payroll for New Hires

by | Jul 5, 2018 | Human Resources, Payroll

Compensating new hires is a multilayered operation, consisting of activities that must be completed before, during, and after payroll processing. Before Payroll Processing To begin the payroll process, check the following: Determine the new hire’s pay frequency, such...

Minutes to Decimals Conversion Chart

by | Jul 3, 2018 | Business Tips, Payroll

Convert Payroll Minutes to Decimals Use this simple Minutes to Decimals Conversion Chart to easily identify the correct decimal value for each unit of payroll time, a necessary step when processing payroll.  When using payroll software, like Payentry, you must first...

Federal Payroll Laws for Nonprofits

by | Jun 18, 2018 | Business Tips, FLSA, Payroll

Nonprofit payroll processing can be challenging, as it requires dealing with special provisions of the Fair Labor Standards Act (FLSA), which is administered by the Department of Labor (DOL), and the federal tax code, which is governed by the IRS. FLSA Coverage for...

Pretax and After-Tax Deductions

by | Jun 18, 2018 | Business Tips, Payroll, Taxes

Deductions Taken Before Taxes Pretax deductions are subtracted from employees’ wages before taxes are taken out, thereby lowering their taxable wages and increasing their take-home pay. For deductions to be eligible for pretax status, the employer must have an...

5 Ways the IRS Will Make You Pay Your Payroll Taxes

by | Jun 11, 2018 | Payroll, Taxes

The Internal Revenue Service aggressively collects delinquent payroll taxes, and it has the authority to do just about anything to collect them. Here are five of the most aggressive tactics the agency uses. Shut you down. The IRS can lock your doors and shut down your...