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Releases included customizable payroll reports, a simplified Paycheck Protection Program (PPP) Loan Forgiveness tracker and a streamlined PPP application report that’s been downloaded more than 80,000 times to date. Nationwide, Gusto enabled more than $2.5 billion worth of approved PPP loans.
Many EWA providers use their own capital to pay user-employees their accrued wages early. Do they have lower gross margins (debt servicing) than other fintech companies? What can be done to...
Handling payroll typically involves sending out payslips to employees. A payroll is a list of employees of a company who are entitled to receive compensation as well as other work benefits, as well as the amounts that each should obtain.
The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for payroll and certain other costs. A PPP loan amount is approximately equal to 2.5 times the applicant's average monthly payroll costs. Sometimes, an applicant may receive a second draw typically equal to the first.
By combining payroll, 401(k) planning, savings accounts, debit cards and more in one place, Gusto is hoping to become the key financial health tool for its employee end users.
Payroll Integrations’ proprietary technology ingests employee census and payroll data from those payroll companies. Then it converts relevant data into a structured, ready-to-use format for...