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At FocusPay Solutions, we are committed to providing you with quality service and solutions that help simplify your process, allowing you your business.

Here you will find regular tips to help your organization be a more productive and efficient workplace.

Table of Content

  1. How Do Taxes Work With Bonuses?
  2. How to Set Up and Maintain Payroll Policies
  3. How to Manage a Payroll Schedule

How Do Taxes Work With Bonuses?

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Bonuses, frequently given at the end of the year, is a popular "thank you" for a job well done, and smart business owners know they can build loyalty, helping retain the most productive employees. However, both owners and employees often misunderstand how taxes work with bonuses, leading to confusion and frustration. Fortunately, with some education and preparation, the situation can work out for everyone. Continue reading.

How to Set Up and Maintain Payroll Policies

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The endgame is accurate and timely employee paychecks. How do you get there? Have a payroll plan that outlines what the procedures are to get to your goal. Continue reading.

How to Manage a Payroll Schedule

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Learn how to create an effective payroll budget to avoid wondering how and where your money was spent. Creating a payroll budget helps you understand what percentage of your budget should go to payroll and enables you to stay on track throughout the year. Generally, payroll should account for about 15% to 30% of your company‚Äôs gross income, but with service industries, costs can be as high as 50%. Continue reading.

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