Biweekly – while it may seem obvious from the name, it’s important to understand what this term means for your payroll. A biweekly pay schedule means you pay your team every other week.
The most important thing to remember when choosing a biweekly pay schedule is that you will end up with 26 pay dates in a year. At first blush it may seem like 24, but this is actually when you pay bimonthly, or exactly two times per month. With biweekly there will be a couple months that have three pay dates in them.Updated September 26, 2017
This article provides general information and shouldn’t be construed as tax advice. Since tax rules may change over time and can vary by location and industry, please consult a CPA or tax advisor for advice specific to your business.