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overtime requirements
Human ResourcesOutsourced PayrollPayroll ProcessingPayroll Tax ResponsibilitiesReportingSmall BusinessTime Keeping

Understanding Employee Overtime Requirements as a Small Business Owner

Under federal labor laws, employees classified as hourly satisfy their overtime requirements after working 40 hours in one week. While working overtime, employees must receive one and one-half times their normal hourly salary. This sounds simple enough on the surface, but small businesses often find themselves facing fines and other legal consequences because they do…
Palmetto Payroll
September 2, 2021
Management Reporting for a Small Business
ReportingSmall Business

Management Reporting for a Small Business

A management reporting system for a small business is a mechanism that is used to monitor the overall mission of an organization. There are three influential factors concerning management reporting for a small business including the desired organization structure, the time-phased statement of organizational goals, and the other critical organization components. A reporting system collects,…
Palmetto Payroll
June 15, 2017