11/21/2023
Payroll is complicated and your time is limited. Spend two minutes reading these digests and you’ll be up-to-date on key payroll developments.
11/21/2023
If you pay an employee’s taxes on, say, a $500 bonus or the value of a gift card, those taxes become income to the employee. That means more withholding. And if the employer keeps picking up the taxes, what results is a never-ending upward spiral of taxation. The only way to escape is to gross up the payment. But what does this really mean?