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Off-cycle payment
"Off cycles", occur when payments are processed outside of the regular payroll cycle.
Off-cycle payments, or "off cycles", occur when payments are processed outside of the regular payroll cycle. Bonuses and commissions sometimes fall in off-cycle payments; retroactive pay increases can also be done off-cycle. A final check for a terminated employee may be processed off-cycle as well.
Related Glossaries
W9
W9 is a tax form used in the United States by businesses to request the taxpayer identification number (TIN) of individuals or entities they pay.
Synchronous communication
Synchronous communications is that which takes place in real-time between two or more parties.
In-kind benefits
A benefit-in-kind (BIK) is any non-cash benefit of monetary value.
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Disclaimer: The information provided in this episode is intended for general knowledge and informational purposes only, and does not constitute legal advice. RemotePass does not assume any liability for actions taken based on the information provided in this episode.
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