The overtime deduction is temporary – it only applies for the 2025 to 2028 tax years.
The IRS has announced that new tax-reporting rules are forthcoming for overtime compensation under recent federal tax ...
The U.S. Department of Labor also addressed exemptions for learned professionals and commission-earning employees under the Fair Labor Standards Act.
In an era where accurate overtime calculation is crucial for fair compensation and legal compliance, Workstatus introduces its state-of-the-art Overtime Calculator, revolutionizing how businesses ...
The U.S. Department of Labor’s Wage and Hour Division (DOL) recently issued Opinion Letter FLSA2026-2 confirming that incentive bonuses earned under ...
Absent employer action, an estimated 4.2 million white collar workers will become newly entitled to overtime protection, potentially impacting net pay and the treatment of benefits, especially ...
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How to calculate gross and net pay
In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ...
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