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Payment cycle
A payment cycle refers to the interval of time from the end of one payment date to the next.
A payment cycle refers to the interval of time from the end of one payment date to the next. Typical payment cycles are usually weekly, bi-weekly, every 15 days, or monthly. Within a payment cycle, the following dates will occur: first day of payment cycle, last day of payment cycle, cutoff date to submit information for previous cycle, pay date.
Related Glossaries
Off-cycle payment
"Off cycles", occur when payments are processed outside of the regular payroll cycle.
IR35
A United Kingdom’s anti-avoidance tax legislation and applies to those working ‘off payroll’.
Form 1099
A 1099 is another IRS form, most commonly used by employers when they hire contractors.
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