HR Digest

FEBRUARY 26, 2025

Since yesterday, overtime pay taxes have dominated headlines, driven by a proposal from the current administration to exempt overtime earnings from federal income tax. Beyond the paycheck, this overtime tax policy could reshape workforce planning, employee morale, employee incentives and organizational strategies.

Overtime 96

Overtime Taxes Salary Take Home Pay 96

cipHR

NOVEMBER 15, 2021

It’s worth remembering that it’s an employee’s responsibility to check they’re on the right tax code, as it impacts how much tax they pay – whether it’s too much tax or too little. For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L.

Pension 98

Pension Gross Pay Payroll Deductible 98

Bayzat

FEBRUARY 18, 2024

Step 7: Crunch the Numbers Consider overtime for the extra hours. If it’s outside the normal workday, you pay 1.26 times the regular pay; for night shifts or Fridays, double this amount. Hand out payslips that include gross salary, bonuses, overtime, deductions, and the final take-home pay.

Payroll Software 52

Payroll Software Payroll Software Payroll System 52

Workers' Compensation Perspectives

NOVEMBER 22, 2019

highlighted that using gross pay as the basis for applying the compensation rate results in inequities—uneven results for workers due to tax factors and number of dependents. Interestingly, many of the states without state income taxes are at the lower end of this array. Burton, Jr.,

Workers’ Compensation 52

Workers’ Compensation Commissions Insurance Take Home Pay 52