The difference between gross pay and net pay is simple: gross pay includes all employee earnings prior to any payroll deductions, while net pay is the earnings left over after payroll taxes and deductions are subtracted from an employee’s gross pay.
Payroll Blog Posts
Social Security taxes are the federally mandated contributions employers and employees must pay into to support the Social Security program, which provides retirement income for American workers aged 65 and over.
The most popular employee payment methods are direct deposit and paper check payments. However, other employee payment methods, including cash, cryptocurrency, and pay card payments are also used across the US.
Hiring the best candidates requires businesses to understand how to find employees. Job candidates’ skillsets and qualifications will vary greatly depending on your company’s recruitment strategies, so it’s essential to build a recruitment strategy that prioritizes attracting good employees.
While Washington isn’t among the highest-taxed states when it comes to income taxes, the state’s sales taxes are on the higher end. Moreover, Washington’s WA Cares and Paid Family and Medical Leave program push Washington’s taxes to the higher end of the cost spectrum.
The Oregon payroll reporting system, now called Frances Online, can be used to manage payroll reporting for your business. Oregon businesses must sign up to the platform and provide identity verification to use Frances Online.
To run payroll in Massachusetts, you’ll need to gather all relevant information about your employees and contractors to be paid, calculate each individual’s gross earnings, calculate and withhold payroll taxes, make deductions, and pay employees.
Overall, Colorado isn’t the most tax-friendly state in the nation, but it does rank fairly well when compared to the other 49 states. It is actually considered one of the more tax-friendly states for retirees, according to several studies.
Taxes are tedious and complicated everywhere; Arizona taxes are no exception. Fortunately, it’s not too challenging to get a basic understanding of taxes in Arizona, plus there are plenty of resources available to help you on your Arizona tax journey, regardless of where you’re starting.
Background check software is a collection of pre-employment screening software offering identification verification, license monitoring, criminal background checks, drug screening, and credit checks.