Remove 2017 Remove Flexible Spending Remove Payroll Remove Taxes
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Enrolling in benefits creates a level of stress that’s scary

Benefit Resource Inc.

According to the 2017 Benefits Communication Survey from Jellyvision, almost half of employees report enrolling in benefits as “always very stressful” That’s scary. When it comes to pre-tax benefits specifically, we found three areas that are common culprits: Gaps in understanding of pre-tax benefits.

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Year-end checklist for HR

PeopleStrategy

Payroll is a main concern during the last months of the year. If certain individuals received raises or promotions, make sure these changes are reflected in their current pay stubs as well as in tax documents and company records. The lives of some of your employees changed in 2017. Verify employee compensation.

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How to find the best PEO for small businesses: 5 Non-Negotiables

Genesis HR Solutions

As of 2017, professional employment organizations are eligible to become certified through the IRS (thus Certified PEOs). This voluntary certification means the organization meets certain requirements regarding tax compliance, experience, business location, financial reporting, bonding, and other things. Flexible Spending Programs.

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

The ARPA also allows the employer, insurer, or multiemployer plan sponsor who subsided the premiums to offset the cost by claiming a new federal tax credit. Health care flexible spending accounts are not subject to the ARPA provisions. The subsidy is tax-free to the individual receiving the subsidy. Tax Credit.