How to handle a bonus payroll Employers need any advantage available to them in order to attract and retain top talent. Above market wages and strong benefits are some of the top ways for businesses to stand out above the competition. Once a business is financial stable, providing bonuses to
A requirement of all employers with at least one employee is the annual reporting of employee wages and payroll taxes on Form W-2. According to the Internal Revenue Service, any employer that submits a Form W-2 must also submit a Form W-3 as well. So, what is Form W-3? What
Most businesses provide benefits to their employees. These benefits must be withheld from employee’s pay properly, according to the IRS, for businesses to stay tax compliant. Certain benefit deductions are considered pre-tax deductions while others are considered post-tax deductions. Lets take a look at the difference between pre-tax and post-tax