Paychex Webinars
Paychex serves more than half a million small- to medium-sized businesses nationwide, so we understand many of the challenges you're facing. Whether you're trying to better manage cash flow, attract and retain employees, or improve productivity through HR technology, Paychex Webinars give you the information you need to make informed decisions.
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Accounting
A general ledger is the master accounting record that contains every financial transaction your business makes, organized by account. Also called the GL or accounting ledger, it is the central record from which all financial statements, including the balance sheet, income statement, and cash flow statement, are derived.
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Payroll
On-target earnings (OTE) is the total compensation an employee earns when they hit 100% of their performance targets. It combines a guaranteed base salary with variable pay tied to performance. OTE gives both employers and candidates a shared benchmark for expected compensation.
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Small Business
An Employer Identification Number (EIN) is a nine-digit IRS identifier for your business, similar to a Social Security Number for individuals. You’ll need one to hire employees, form a legal entity, or open a business bank account. Understanding when and why to get an EIN helps you start your business on the right track.
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Retirement
A 401(k) rollover transfers retirement savings from one qualified account to another without triggering immediate taxes or penalties. This process helps employees consolidate savings and maintain tax advantages when changing jobs or retiring.
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Taxes
FIT, or Federal Income Tax, is the amount withheld from employee paychecks to cover their federal tax obligations to the IRS. As an employer, you're responsible for calculating, withholding, and remitting these taxes on behalf of your employees, making federal income tax withholding one of your most critical payroll compliance duties.