Deductions from an employee’s or student’s wages will be in accordance with applicable law and with the individual’s consent, unless the deduction is as a result of a court or government order.
Running payroll might not be the most exciting part of owning a small business, but it's certainly one of the most critical. Get it wrong, and you're looking at unhappy employees, potential legal ...
Here's everything small-business owners need to know about payroll deductions, including which ones are required by law. Many, or all, of the products featured on this page are from our advertising ...
New federal tip and overtime deductions effective in 2025 require employers to reassess payroll, reporting and compliance practices across jurisdictions. The OBBBA introduces new federal deductions ...
If you have business clients with employees in more than one state, they must pay careful attention to the payroll-related rules and tax responsibilities in the states where their staff members live ...
Tracking your company’s spending is essential for maintaining accurate financial records. One financial accounting method businesses use is the payroll journal entry. Payroll journal entries record ...
As required by law, income tax, social security (FICA), and other mandatory items (such as wage garnishment for child support) are withheld from each paycheck. With your authorization, deductions will ...