Earnings may be determined on a piece-rate, salary, commission, or some other basis, but in all such cases the overtime pay due must be computed on the basis of the average hourly rate derived from such earnings. This is calculated by dividing the total pay for employment (except for the statutory exclusions noted above) in… Continue reading When Are Employers Required to Pay Overtime?

The form is designed to prevent the higher withholding rates that generally apply to payments made to U.S. citizens and residents. Instead of being treated as a U.S. tax resident, the foreign individual or entity completing the W-8BEN can benefit from a reduced withholding rate or even complete tax exemption, depending on the tax treaty… Continue reading What is Form W-8? Understanding Types, Requirements & Filing Process

At the same time, it demonstrated how cloud technology in business applications can be both safe, and efficient. While Wave doesn’t come with some of the more advanced features as QuickBooks does, Wave still has a self-service support portal and all the basic functions you need for a startup business. This software level supports up… Continue reading What is QuickBooks? A Complete Small Business Guide

By adhering to these regulations, companies can make informed decisions that benefit both their financial flexibility and the trust of their shareholders. To illustrate, consider a hypothetical company, “Tech Innovate,” which issues callable shares at $100 with a call price of $110. If the company’s technology becomes a market leader and the share price soars… Continue reading Callable Shares: The Company s Call: Understanding Callable Shares in the Non Cumulative World