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Trends to watch for in 2020 at the IRS

Business Management Daily

Payroll has moved to center stage at the IRS. This follows up on Notice 2018-76, which sets five criteria for corporate deductions for employees’ meals. Other, non-TCJA guidance projects include the following: Guidance on student loan payments and 401(k) plans. New Form 1099-NEC.

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How will you cover health care expenses in retirement?

Benefit Resource Inc.

Households released in May 2018. The money comes out of your paycheck before taxes, similar to a 401(k) and health insurance. An HSA is typically funded through payroll deductions. The money is directly sent from your employer to your HSA before you ever receive your payroll deposit. An HSA is a tax-free benefit.

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5 reasons why an HSA is better than you thought

Benefit Resource Inc.

In reality, unused funds rollover month to month and year to year, like a 401(k). In this way, they are very similar to a 401(k) arrangement. According to data from Devenir Research’s 2018 Year-End report on HSAs , assets in HSAs totaled $10.2 Earn Interest. . Consolidate multiple HSAs.

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Does Your W-2 Look Wrong? It Could Be This…

Stratus.HR

In anticipation of your questions, our payroll department put together a short list of FAQs to answer everything you’ve been meaning to ask about your W-2. If your taxing state needs to be adjusted, please contact our payroll department (talk or text 801-984-1328 or email payroll@stratus.hr ). What should I do?

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Workers’ Compensation: What’s payroll got to do with it?

Workers' Compensation Perspectives

“Payroll” used to have a simple meaning. According to the Online Etymology Dictionary: payroll (n.) For workers’ compensation, payroll can have different meanings depending on your jurisdiction and whether you are a worker or an employer. Rules in different jurisdiction may use different terms to describe or define payroll.

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Each generation has unique needs; offer benefits to meet them

PeopleStrategy

Your organization most likely has staff on its payroll from four different generations: Baby Boomers, Generation X, Millennials and the newest to enter the workforce, Generation Z. The Society for Human Resource Management noted in its 2018 Employee Benefits Report that 95 percent of employers offer at least one retirement plan to workers.

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Women in Tech: Financial Wellness and Workplace Equality

Best Money Moves

Which may be why they’re proving to be more financially conscious than their older counterparts by contributing at higher rates to their 401(k)s, and are twice as likely than baby boomers to say that stress interferes with work productivity. Is 2018 the year that employers and employees get on the same page regarding benefits?

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