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Is Overtime Taxed Differently Than Regular Wages?

Patriot Software

If you have nonexempt employees, you have to pay them overtime wages whenever they work overtime hours. In each pay period, you need to track employee time worked. Then, at the end of the pay period, you will calculate employee compensation. You will also have to withhold employment taxes.

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Alabama Overtime Tax Law: Tax Break for Employees, Required Reporting for Employers

Patriot Software

Understand the new Alabama overtime tax law that exempts employees' overtime earnings from state income tax. Get the details and reporting requirements for businesses. Read More

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How Timesheet Management Software Supports Adherence to Labor Laws

Qandle

This blog will explore how timesheet management software can help organizations meet labor law regulations, ensuring smooth operations and legal compliance. These laws cover various aspects, including working hours, overtime, breaks, wages, and record-keeping requirements. Looking for the Best Timesheet Management System ?

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The New #FLSA Overtime Changes: Make Sure Company Policies Are Aligned

HR Bartender

(Editor’s Note: Today’s post is brought to us by Paycom , a leading provider of comprehensive, cloud-based human capital management software. Department of Labor with changes to the overtime provision of the Fair Labor Standards Act (FLSA). They’re also having internal discussions about how to manage overtime pay and payroll expenses.

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New Overtime Rule for 2024: How Will it Affect Your Business?

Patriot Software

Starting in July 2024, four million new workers will become entitled to overtime pay, thanks to the Department of Labor’s (DOL) new overtime rule. What does this DOL overtime rule update mean for your small business? It may mean that you need to change your employees’ classification.

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Are You Correctly Calculating Overtime for Tipped Employees?

Patriot Software

And when it comes to you paying tipped employees overtime, things can get a little more complicated. So, are you using the correct overtime rate for your employees who receive tips? One major blunder small business owners make is not paying their tipped employees the correct wages.

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Does PTO Accrue on Overtime? What Employers Need to Know

Patriot Software

Federal and state laws both provide regulations regarding overtime. So, how do you calculate PTO, especially if an employee earns overtime? And, does PTO accrue on overtime? Having employees comes with rules from the government. And, some states require employers to provide some form of paid time off (PTO).

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