Payroll Tip – How Often Do I Have to Pay My Employees?
Many business owners feel that they can pay their employes "whenever" they want and that is true to a point. Business owners can pay their employees whenever they want as long as the "whenever" meets the laws of the state their business resides in. As a business owner you probably feel "in control" when it comes to setting a payroll schedule for the people you hire. Certainly you have options, you can issue payroll on a: weekly bi-weekly {every other week} semi-monthly {twice a month, perhaps on the 1st and the 15th} or a monthly basis While there is no federal laws that require how often you pay your employees, the payroll schedule you choose MUST conform to the requirements of the state that your business is located in. Most…