Payroll Vocabulary Explained

We break down payroll’s complex terms from A to Z for easy understanding.

CARES Act

CARES Act – Overview and ExplanationThe Coronavirus Aid, Relief, and Economic Security (CARES) Act was a federal stimulus package designed to support individuals, businesses, and healthcare providers impacted by the

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Cafeteria plan

What Is a Cafeteria Plan? A cafeteria plan, as defined under Section 125 of the Internal Revenue Code (IRC), is an employer-provided benefit program that enables employees to select from

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Business expenses

What Are Business Expenses? Business expenses refer to the various costs companies take on to keep their operations running. These can include rent, employee wages, office supplies, inventory, insurance, business

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Boomerang employee

What Is a Boomerang Employee? A boomerang employee is someone who leaves an organization and later comes back to work for that same employer. Often referred to simply as “boomerangs,”

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