What are De Minimis Benefits?
What are De Minimis Benefits? The term “De minimis benefits” are benefits given by an employer to his employees that are of relatively small value. This is issued on top of theRead More…
The Difference between Daily Rate and Monthly Rate Employees
Daily Rate vs. Monthly Rate Introduction – It’s All About the Rate When it comes to salary rates, there are 2 types: Monthly Rate and Daily Rate. Some companies do apply theRead More…
Payroll Annualization
How to Annualize Payroll What is Payroll Annualization? This is when an employee’s payroll for the entire year is consolidated and used to calculate for the withholding tax for the year, toRead More…
How do you compute for Holiday Pay?
Holiday Pay Work rendered on holidays are entitled to a special premium. The calculation of this premium will depend also on the type of holiday, which are namely: Regular Holidays such asRead More…