Employee Benefits

MAY 9, 2024

We say working parents, but there will be a specific focus on working mums for reasons we’ll delve into during this blog. Helping working mums find balance There is a more significant debate at play here, and we’re unable to pick apart gender inequality in one blog post! Read on to discover more.

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Qandle

MAY 16, 2023

From calculating employee salaries to managing taxes and deductions, payroll processing is a critical aspect of any business. Payroll processing is the act of computing and distributing employees’ compensation, including salaries, wages, incentives, and other benefits, as well as any relevant taxes, contributions, and deductions.

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Qandle

APRIL 17, 2023

This process involves payment of the last working month’s salary, along with any additional earnings or deductions. Elements of Full & Final Settlements Salary and wages: The employee is entitled to receive their salary and wages for the last working month.

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Deductions Deductible Salary Taxes 98

Qandle

DECEMBER 16, 2023

It involves various tasks, including calculating wages, withholding taxes and other deductions, and ensuring that employees receive their net pay. Definition of Payroll: Payroll encompasses the total amount of wages paid by a company to its employees and includes salaries, bonuses, and deductions. Here are some key benefits: 1.

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Payroll Payroll Software Payroll System Gross Pay 105

Qandle

DECEMBER 5, 2023

In this detailed blog post, we’ll explore the key components of payroll processing and how organizations can streamline this complex function. Understanding Payroll Processing: At its core, payroll processing involves calculating employee compensation, including salaries, wages, bonuses, and deductions.

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Employee Benefits

MARCH 28, 2023

In this blog, we take a look at: the current climate, supporting your people, salary deduct schemes, and supporting mental health. A Financial Capability survey found that ‘nearly nine million of us are in serious debt, and only around a third receive help.’

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Deductions Deductible Salary Education 98

Qandle

NOVEMBER 27, 2023

First and foremost, it requires a thorough understanding of applicable laws and regulations related to wages, taxes, and deductions. This not only facilitates precise salary calculations but also serves as a valuable resource for audits and financial planning. Effective payroll management involves several key components.

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Qandle

SEPTEMBER 19, 2023

It involves the calculation, processing, and distribution of employee salaries, taxes, and other deductions. In this blog, we will delve into the concept of payroll and explore how Qandle can be your ultimate solution for all your payroll requirements. Check out the Payroll Software.

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Qandle

SEPTEMBER 6, 2023

In this blog, we will explore the intricacies of payroll calculation, comparing the use of Excel spreadsheets to dedicated payroll software. Running payroll refers to the process of calculating and distributing employee compensation, including wages, salaries, bonuses, and deductions, within an organization.

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Employee Benefits

APRIL 25, 2024

Discover what EV car drivers really think about their green cars here: Save money & energy with Green Cars… our electric car salary sacrifice scheme. Read more in our blog – Cleaner Commuting Made Affordable. Both encourage greener ways of commuting to work, whether by an electric vehicle or a new bike. That’s a £750.04

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Employee Benefits Salary Benefits Package Deductions 98

Employee Benefits

JANUARY 17, 2024

During this blog, we’ll explore the topic of resilience in relation to employee financial wellbeing and the role that HR and prioritising financial wellbeing at work must play in achieving it. Still, education only goes so far, and your employees’ monthly salary has a limit. Resilience. So, what exactly does it mean?

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Employee Benefits

OCTOBER 25, 2023

SmartPay is the smart way to pay, helping your employees avoid high-interest loans or credit cards by spreading the up-front cost of technology, appliances, wellbeing, and lifestyle purchases through affordable and manageable salary deductions. Read on to discover what SmartPay can do for your people and business. Spend less on gifts.

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Deductions Deductible Salary Technology 52

Abel HR

JUNE 18, 2020

And then they ask about salary and it’s as if all the air has been sucked out of the room. But do these conversations about salary always have to be so awkward or is there a way to address the issue tactfully and tastefully without creating a moment from which you and your candidate can never recover?

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Business Management Daily

APRIL 29, 2024

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. In this blog, we’ll talk about different types of fringe benefits and how employers can make the most of what’s available. People want more.

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Qandle

SEPTEMBER 20, 2023

Payroll Taxation: Payroll taxation refers to the process of collecting taxes from employees’ wages or salaries by employers and remitting those taxes to the appropriate government authorities. Both employers and employees usually contribute, with a specified percentage deducted from the employee’s wages.

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InterWest Insurance Services

OCTOBER 27, 2022

These cafeteria plans, which are governed by Section 125 of the Internal Revenue Service Code, allow your employees to withhold a portion of their pre-tax salary to cover certain medical or childcare expenses. Employees can save an average of 30% in federal, state and local taxes on items they already pay for out of pocket.

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InterWest Insurance Services

NOVEMBER 25, 2022

They also cover the minimum deductibles that qualify programs as high-deductible health plans (HDHPs), which an HSA must be attached to under law. Every year, the employee must decide how much they want their employer to deduct (pre-tax) from their paycheck to set aside in their HSA. 7,750 for family coverage (up $450).

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401(k) Deductions Deductible Flexible Spending Account 93

InterWest Insurance Services

JANUARY 5, 2023

With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans (HDHPs) that reduce premiums up front for higher out-of-pocket costs for workers. Instead, more employers were using salary-based premiums in 2022 (34%, up from 29% in 2021).

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Out of Pocket Cost Employment Health Insurance Deductions 76

InterWest Insurance Services

AUGUST 5, 2022

Employers are starting to realize that a high-deductible health plan with an attached health savings account is not a good fit for all of their employees. In fact, the high-deductibles have been blamed for saddling an increasing amount of U.S. workers with more medical debt. Tackling affordability issue.

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Qandle

APRIL 7, 2022

Payroll administration is the difficult task of keeping track of your employees’ financial data, such as pay, benefits, taxes, and deductions. Calculating your employees’ salary, issuing payments, preserving payroll records, and collecting tax forms are all part of payroll management. appeared first on The Qandle Blog.

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InterWest Insurance Services

MARCH 22, 2022

Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis. Since the salary reductions are not received by the employee, they are not considered wages for income tax purposes. Flexible spending account.

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Global People Strategist

JUNE 8, 2022

This blog will give a better understanding of the healthcare programs in the country. It is funded through taxes and monthly deductions from employees’ salaries. That is, if you are an ex-pat employed in Thailand, you will have to register for the UCS, which will be financed by 5% of your monthly salary.

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Health Insurance Insurance Hospitality Deductions 52

Employee Benefits

FEBRUARY 26, 2024

High employee turnover rates are a financial risk, and during this blog, we’ll explore all the elements to consider when creating a long-term employee retention strategy. Rewards and recognition play an essential role in keeping employees engaged, and we have a collection of blogs on the subject here.

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Qandle

NOVEMBER 9, 2023

Single Touch Payroll (STP) is a reporting system developed by the Australian Taxation Office (ATO) that requires employers to report their employees’ salary and wage information, superannuation contributions, and pay-as-you-go withholding (PAYGW) information directly to the ATO each time they run their payroll.

Payroll 52

Payroll Payroll Software Software Payroll Manager 52

InterWest Insurance Services

JULY 13, 2023

18% use salary-based contributions to premiums, with lower-wage workers paying less than their better paid colleagues. 39% offer a medical plan with no or a low deductible or cost-sharing (e.g., 6% make larger health savings account contributions to lower-wage staff to make their high-deductible health plan more affordable.

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Employment Out of Pocket Cost Health Insurance Health Savings Account 94

Qandle

DECEMBER 14, 2023

This blog explores the significance of HRMIS, its functionalities, and the myriad benefits it offers to organizations aiming for efficient workforce management. In the fast-paced world of business, Human Resources (HR) departments play a crucial role in managing a company’s most valuable asset – its people.

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Employee Benefits

MARCH 19, 2024

SmartPay is a cost-neutral salary deduct scheme that enables your employees to spread the cost of the things they need. Your business funds the upfront payment, and your employees repay it over an agreed period directly from their salary. No interest, no late fees, no additional money worries.

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HR Bartender

JULY 14, 2015

The overtime rule changes are significant and fall into two categories: salary basis and primary duties test. Today we’re going to cover the salary basis part of the proposal. What are the changes being proposed to the minimum salary? Jonathan] Currently, the minimum salary is $455 per week for most white collar positions.

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Qandle

OCTOBER 5, 2023

In this blog post, we will explore the key HR procedures and how Qandle, as a leading brand in HR technology, is transforming the landscape. It calculates salaries, deductions, and bonuses accurately, minimizing the risk of errors. Looking for the HR Software ? Check out the HR Software.

Management 98

Management Human Resources Software Payroll 98

McDermott Will & Emery Employee Benefits

OCTOBER 19, 2022

The maximum salary reduction limit for a health flexible spending account (Health FSA) increased to $3,050 for 2023 (from $2,850 in 2022), and the Health FSA carryover […]. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

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Qandle

APRIL 25, 2023

The process of paying employees’ salaries is known as payroll. Therefore you don’t need to worry about your staff misreading letters or numbers, forgetting to deduct taxes, or accidentally leaving out an employee. The post Need for HR Payroll Software appeared first on The Qandle Blog. What is Payroll?

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Payroll Software Software Payroll Payroll System 98

Empuls

SEPTEMBER 28, 2023

In this blog you’ll learn about the intricacies of cost of living bonuses, understanding their significance, and uncovering the key factors that shape them. It is designed to bridge the gap between an employee's standard salary and the expenses required to maintain a certain quality of life in their geographical area.

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InterWest Insurance Services

JUNE 2, 2022

After all, a recent survey from CareerBuilder found that 55% of workers believed an employer’s menu of benefits was more important than salary when considering a job position or offer. At 24% of employers, the worker pays 100% of the cost via a payroll deduction program. That’s important in today’s tight job market.

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Bayzat

SEPTEMBER 25, 2023

The amount of gratuity payable depends on the employee’s monthly basic salary. Last Basic Salary When calculating end-of-service benefits in UAE, only the last basic salary that the employee received prior to the termination of their contract is considered. Who Is Eligible for Gratuity in UAE? i.e. 15,000 ÷30 = 500.

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Salary Deductions Deductible Overtime 40

Bayzat

SEPTEMBER 26, 2023

Bayzat streamlines the entire payroll process, from calculating salaries and deductions to generating payslips and facilitating direct deposits. This efficiency ensures that clients can manage payroll with ease and accuracy, reducing the risk of errors and delays in salary disbursements.

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Payroll Deductions Deductible Software 52

HR Bartender

DECEMBER 10, 2015

Today’s reader note about sick pay is an example: I have a salaried employee that has accrued 10 hours vacation and -8 hours sick leave. My question is can I deduct the sick leave hours from his final paycheck even though he is a salary employee. How does sick time work for salaried (exempt) employees?

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Deductions Deductible Mining Salary 64

Ascender

OCTOBER 5, 2019

The first phase of STP reporting included high-level data such as Gross, Tax, Allowances, Deductions, Lump Sums and Fringe Benefits. The next phase sees the reports moving away from Payment Summary Annual Rules (PSAR) and Payment Summaries for allowances and deductions to “Income Types.”

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Payroll Deductions Deductible Government 70