Payroll

FLSA Rule 3: Unauthorized Overtime Threats to Businesses

It has been over eight decades since the Fair Labor Standard Act (FLSA) was enacted in America. The law introduced the concept of overtime pay, which compelled companies to compensate their employees for time worked exceeding 40 hours per week. According to the FLSA section 785.11, “work not requested but suffered or permitted is work […]

Everything You Need to Know About Chinese Overtime

The Fair Labor and Standards Act (FLSA) contains stipulations regarding overtime wages. Nonexempt employees who are compensated on an hourly basis must receive overtime pay for work exceeding 40 hours per week. The amount should be one and a half of their regular hourly rate. Let’s say you’re paid $13 an hour and in a […]

Paying Employees “Under the Table”: Is it Worth the Risk?

Most employers pay their employees via check or direct deposit. These payments are usually documented, which aids in handy when assessing the financial state of an organization or proving compliance with employment laws. However, some employers just don’t want to go through the hassle of processing payrolls every few weeks. Others can’t afford to pay […]

[Virtual Payment Comparisons 2020]: PayPal vs Payoneer vs TransferWise vs Bitwage

Managing a remote team gives you several advantages in terms of convenience. For one, you don’t have to go through the hassle of visiting a bank just to process your payment. No matter where your freelancer is in the world, you can pay them right in the comfort of your home. You don’t even have […]