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What Is Imputed Income? | Payroll Definition and Examples

Patriot Software

As an employer, you are likely familiar with reporting regular wages and taxes withheld on Form W-2. Imputed income is adding value to cash or non-cash employee compensation to accurately withhold employment and income taxes. Employers must add imputed income to an employee’s gross wages to accurately withhold employment taxes.

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What to Include in an Employee Handbook

Patriot Software

Employment laws. You should cover your equal employment opportunity responsibilities as well as harassment, drug, and alcohol policies. Cover the basic terms on employment in a new hire and separation section. And, the software integrates with Patriot’s online payroll. Employee classification. employee theft).

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4 Ways To Use The Cloud For Field Workforce Management

Hppy

In fact, this statistic reflects a 4 percent increase since 2012, highlighting a growing work-from-home trend in the years to come. But, in case you need help identifying the best software, PCMag has provided reviews of today’s best online payroll software , which includes Intuit Enhanced Payroll, Gusto, Paychex Flex and SurePayroll.