Ascender

OCTOBER 4, 2018

On 1 July 2018, the Australian Government implemented Single Touch Payroll (STP), a legislation that changed the way businesses report payroll information to the Australian Taxation Office (ATO). Activation is easy, done through Preceda’s Single Touch Payroll Configuration screen available in v15.3.

Payroll 53

Payroll Deductions Deductible Government 53

Workers' Compensation Perspectives

SEPTEMBER 30, 2019

“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.

Workers’ Compensation 52

Workers’ Compensation Payroll IT Overtime 52

Ascender

FEBRUARY 28, 2018

Payroll is about to go through a tremendous legislative change on 1 July 2018 with the introduction of Single Touch Payroll (STP). The new legislation is a change in the way the Australian Government requires businesses to report payroll information to the Australian Taxation Office (ATO). Download our free whitepaper.

Payroll 45

Payroll Payroll Software Payroll Service Deductions 45

Stratus.HR

JANUARY 24, 2022

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. This number is derived by subtracting all your pre-tax deductions from your YTD earnings. Do you have questions about your W-2? How do I get my W-2 if my address changed?

Taxes 64

Taxes Payroll IT Deductions 64

Higginbotham

MAY 4, 2023

Data from the National Health Interview Survey shows that approximately 27 percent of nonelderly adults had a declinable health condition in 2018. The Convenience of Payroll Deductions When supplemental life insurance is available through work, employees often pay for coverage using payroll deductions.

Life Insurance 52

Life Insurance Benefits Package Insurance Employee Benefits 52

Business Management Daily

JANUARY 6, 2020

Payroll has moved to center stage at the IRS. Regulations on deducting employees’ meal expenses. This follows up on Notice 2018-76, which sets five criteria for corporate deductions for employees’ meals. Changes to watch for this year: Continuing fallout from the new W-4 and withholding methods. New Form 1099-NEC.

401(k) 52

401(k) Family and Medical Leave Act Deductions Deductible 52

Benefit Resource Inc.

MARCH 20, 2019

Households released in May 2018. Before saving with an HSA, you need to make sure you take care of the following: Enroll in a High Deductible Health Plan (HDHP). 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.

401(k) 85

401(k) Deductions Deductible Health Savings Account 85

Corporate Synergies

AUGUST 19, 2019

From 2008 to 2018, the total amount deposited in HSAs rose from $5.3 1 That number is projected to keep growing as more employers offer high-deductible health plans (HDHPs) with HSAs. Retained HSA assets have increased modestly—from 18% to 24% between 2017 to 2018—but the average HSA balance was just $2,144 in 2018.

Employment 40

Employment Health Savings Account Banking Deductions 40

Benefit Resource Inc.

JANUARY 15, 2019

Compliance is possible through several means, one of which is providing pre-tax commuter benefits to employees through payroll deductions. The Senate of NJ passed Bill S1656 on September 27, 2018. It was then brought to the Assembly and reported out of Assembly December 10, 2018. Because your city could be next. (Or,

Deductions 40

Deductions Deductible Transportation Taxes 40

Workers' Compensation Perspectives

AUGUST 22, 2019

The private category also had the lowest worker paid benefit per $100 payroll and the lowest employer cost per $100 payroll. Some states allow for employer deductibles, effectively a form of self-insurance. Note: there are no similar employer deductibles in Canada]. There are other employer costs.

Workers’ Compensation 52

Workers’ Compensation Insurance Payroll Medical 52

Genesis HR Solutions

JUNE 28, 2021

In 2018, Massachusetts signed into law a statute that provides paid family and medical leave (PFML) benefits to workers. Employers are responsible for remitting the full contribution to the department but may deduct from an employee’s wages to cover the employee’s share. Interested in learning more?

Family and Medical Leave Act 52

Family and Medical Leave Act Parental Leave Employment Medical 52

Genesis HR Solutions

JUNE 28, 2021

In 2018, Massachusetts signed into law a statute that provides paid family and medical leave (PFML) benefits to workers. Employers are responsible for remitting the full contribution to the department but may deduct from an employee’s wages to cover the employee’s share. Interested in learning more?

Family and Medical Leave Act 52

Family and Medical Leave Act Parental Leave Employment Medical 52

Money Talk

APRIL 14, 2022

Here are 12 tax topics to consider: Itemized Deductions- Only about 10% of taxpayers can itemize since the Tax Cuts and Jobs Act went into effect in 2018. Strategies to garner a tax benefit for charitable gifts to qualified charities include “bunching” deductions into one tax year and setting up and funding a donor advised fund.

Taxes 188

Taxes Family and Medical Leave Act 401(k) Deductions 188

Business Management Daily

SEPTEMBER 10, 2019

On the downside, employees are still going to need to gather their pay stubs to complete entries about withholding from their most current check, year-to-date withholding and pretax deductions. This was Deductions in the calculator, but since most deductions have been wiped out, we’re left with adjustments.

Deductions 45

Deductions Deductible Taxes Pension 45

Benefit Resource Inc.

AUGUST 6, 2021

Download our full infographic below to learn about the actual cost of a free HSA: Despite a steady increase in consumer demand for health savings accounts, employers—even those that already offer an HSA-eligible high-deductible health plan—may struggle to see the value in offering an employer-sponsored HSA program. Cost #1: Show Me the Money.

401(k) 76

401(k) Health Savings Account Deductions Deductible 76

Workers' Compensation Perspectives

OCTOBER 29, 2019

A December 2018 slip and fall in a wet stairwell of her employer’s office building resulted in a back injury and a cracked rib. The formula for calculating net or spendable earnings may vary but is generally considered as Gross earnings less income taxes (state/federal/provincial) and other mandatory deductions.

Workers’ Compensation 52

Workers’ Compensation Salary Insurance Commissions 52

Business Management Daily

APRIL 9, 2020

Tip: Technically, the payments are advances of refundable credits, generally based on your 2019 tax return (if you’ve filed it) or your 2018 return. Because of changes in the Tax Cuts and Jobs Act (TCJA), more taxpayers are claiming the standard deduction instead of itemizing. Postpone payroll taxes. Get tax rewards for charity.

Taxes 52

Taxes Deductions Deductible Retirement Plan 52

HR Bartender

OCTOBER 16, 2018

That’s why I wanted to share with you some information about an upcoming event dedicated to HR and payroll professional development. Agenda: Kronos HR & Payroll eSymposium. Our friends at Kronos are hosting an HR & Payroll eSymposium on Wednesday, November 14, 2018 from 10 a.m. Kronos HR & Payroll eSymposium.

Payroll 23

Payroll Human Resources Deductions Deductible 23

Business Management Daily

OCTOBER 5, 2020

This was done in response to the federal tax code from the Tax Cuts and Jobs Act, which was passed in 2018. Deductions. Employees can still choose an additional amount to withhold per payroll period, for any reason. Do I need two payroll systems – one for the new W-4 and one for the previous W-4? Other income.

Employment 52

Employment Payroll Deductions Deductible 52

cipHR

SEPTEMBER 3, 2018

As well as making life easier for HR and payroll teams, employees also appreciate the benefits of having instant access to their pay records online. Instead of looking through paper records for confirmation of their pay, they’ll just need to log into their self-service HR account to check details of pay, tax and deductions.

warehousing 61

warehousing Electronics Deductions Deductible 61

Stratus.HR

FEBRUARY 23, 2021

The IRS will then calculate your filing status based on the standard deduction for your filing status and tax rate. If you write in anything beyond your name and basic information, it will be an actual dollar amount to claim dependents or other adjustments from the standard deduction. Where do I write my allowances?

Taxes 54

Taxes Deductions Deductible Payroll Service 54

PeopleStrategy

NOVEMBER 12, 2019

In comparison, in 2013, the agency conducted approximately 3,000 audits which was the single-year record until 2018, according to The Associated Press. Payroll compliance checks. Then you must handle similar tasks for any contract employees you have on your staff.

Overtime 56

Overtime Payroll Employee Enrollments Deductions 56

Genesis HR Solutions

AUGUST 9, 2018

per hour worked in March 2018. Deductions must be set up in payroll and carrier invoices must be paid each month. Sometimes changes made online don’t get through to the payroll processor or insurance carrier in time, so the employee or their dependents aren’t added to coverage until next month.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40

Ascender

FEBRUARY 9, 2017

Single Touch Payroll (Australia). In September , the Single Touch Payroll system received Royal Assent, meaning it’s time to begin preparing your systems for a new and more efficient reporting process for tax and superannuation information. Employers can begin switching over to Single Touch Payroll from 1 July 2017.

Parental Leave 49

Parental Leave Taxes Payroll System Payroll 49

Ascender

MARCH 1, 2021

Whether you’re considering setting up payroll operations in New Zealand, or you’re joining an established team there, you’ll need to be across the basics of payroll compliance. Overview of payroll requirements. Tax and other deductions. Here’s what you need to know. New Zealand’s tax year runs from 1 st April to 31 st.

Payroll 90

Payroll Deductions Deductible Taxes 90

Business Management Daily

OCTOBER 22, 2020

Carl’s 2018 W-4 indicates he’s married, but wants his employer to withhold at the higher single rate. The rationale: Completing this step helps offset the full basic standard deduction that’s incorporated into the percentage method withholding tables. the value of three withholding allowances).

Taxes 52

Taxes Deductions Deductible Employment 52

Benefits Notes

MARCH 31, 2021

While employers (for self-insured plans and multi-employer plans) or insurance carriers (for fully insured plans) are responsible for the COBRA subsidy, the paying entity is entitled to take a federal tax credit against payroll taxes. ” Payroll Tax Credits. Voluntary Paid Leave Tax Credits. Employee Retention Credit.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40

AssuredPartners

MARCH 8, 2017

Remember, because HCFSAs operate like a self-funded health plan, Employers are "on the hook" for the full annual election on day 1 of the plan year and they assume the risk that the employees will remain for the entire year and pay that election back via pre-tax payroll deductions.

Out of Pocket Cost 40

Out of Pocket Cost Health Savings Account Taxes Insurance 40