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Payroll Vocabulary: Common Payroll Terms You Should Know
Whether you are a Business Owner, Finance Director, HR Specialist or Office Manager, there are certain terms relating to payroll that you should absolutely become familiar with. No matter what your level of involvement is with payroll at your company or organization, we’ve put together an alphabetical list of some of the most common terms that you should know. 1. Accrue – This means to build up or accumulate. As... -
Employees Submitting a New W-4
Employees submitting a new W-4 can do so any time they have changes. Often, they’ll submit a new form when they know they’ll be changing exemptions, adjustments, deductions, or credits on their return. For example, an employee may want to increase their withholding by decreasing the number of dependents they claim. Or they might want to add dependents to decrease the amount withheld. Life events such as marriage, divorce,...
