With the end of Q4 just around the corner, year-end bonuses are top-of-mind for many businesses and their employees. As a small business owner, it can be challenging to know how to strike the right ...
Undertaking and working on your own can be one of the best decisions because that way you can work freely in many aspects: schedules, projects and proposals, location, among many more. Mystic Seaport ...
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What is a discretionary bonus?

A discretionary bonus is a form of additional compensation an employer independently decides to give to an employee without ...
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How Are Bonuses Taxed?

One way to recognize employees for contributing to the success of a business is to reward them with a bonus. Although bonuses are great for employee appreciation, they come with a twist: their own tax ...
When you get a bonus — or other supplemental wages such as severance pay, commissions, etc. — your employer must withhold some of the money to send to the IRS for taxes. Your employer may withhold 22 ...