Time Clock Wizard Blog

Manage Your Business Like a Pro

Gross Pay vs. Net Pay

Category: Education

The two most confused words among first time employees are “gross pay” and “net pay.” The simple way to remember the difference between these two is that “gross pay” is what you earned before taxes have been deducted. Net pay is what remains after taxes are deducted. Tracking Net Pay Net pay is important to […]

How Do HRA Insurance Plans Work?

Category: Education

A Health Reimbursement Arrangement (HRA) is a medical reimbursement plan funded by an employer. It provides a tax advantage that allows employers and employees to save on medical costs. If you have access to an HRA, then here are some things you should know. HRA Overview Your employer creates an HRA account for each employee. […]

Page 1 of 11