Time Tracking
Accurate time tracking is essential for hourly employees. Use reliable systems to record hours worked, breaks, and overtime.
Category
Payroll Basics & Types
Payroll is a critical function in any organization, ensuring employees are compensated accurately and on time. It encompasses various types, including salaried, hourly, and contract-based pay structures.
Common payroll types include regular wages, overtime, bonuses, and commissions. Each type has specific rules for calculation, taxation, and compliance with labor laws.
Payroll Processing Essentials
Efficient payroll processing requires attention to detail and adherence to regulations. Key components include time tracking, tax deductions, and compliance with labor laws.
Tax Deductions
Understand federal, state, and local tax requirements. Ensure proper withholding and remittance to avoid penalties.
Compliance
Stay updated on labor laws, minimum wage changes, and overtime regulations to maintain compliance.
