paycheck

A dictionary and payroll icons

Old-Age, Survivors, and Disability Insurance (OASDI)

Old-Age, Survivors, and Disability Insurance (OASDI) is the official statutory name for the federal Social Security program. Funded through a 6.2% employee payroll withholding matched by an equal 6.2% employer contribution under the Federal Insurance Contributions Act (FICA), OASDI pays monthly benefits to eligible retirees, disabled workers and surviving dependents. OASDI at a glance: 2026…

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Calendar schedule with weekly days marked with pushpins.

Pay periods explained: weekly, biweekly, & semimonthly pay schedules

If you’ve ever looked at your paycheck and wondered why it’s smaller this month, or you’re a business owner trying to decide how often to pay your team, the terminology alone can be confusing. Biweekly, semimonthly, and bimonthly sound like they should mean the same thing. They don’t. This guide breaks down what each pay

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Did You Know? Pay Stub Requirements for All 50 States

Editor’s Note: Updated with links to help you and your employees with questions about pay stubs and withholdings. Did you know that federal law doesn’t require employers to provide employees with pay stubs? It’s true. Private employers and employers in federal, state and local governments are not required by the Fair Labor Standards Act (FLSA)

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New, Revised Forms Make Applying For PPP Loans Easier

The U.S. Small Business Administration (SBA) released a one-page form to simplify applying for forgiveness of Paycheck Protection Program (PPP) loans. They also released newly revised and updated forms to meet the requirements of the most recent stimulus-related legislation. The COVID-19 relief package passed last month saw the return of the PPP lifeline. The package

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PPP Loans Under the Microscope: Who’s Asking, Who’s Receiving?

If you haven’t completed an application for the Paycheck Protection Program (PPP) loan yet, you have one month left! August 8 is the new, extended deadline to file, thanks to President Trump who recently extended the deadline for small businesses in need. So far, there are over 5,000 banks and other lenders participating in the

PPP Loans Under the Microscope: Who’s Asking, Who’s Receiving? Read More »

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