WEX Inc.

MARCH 16, 2023

With an HSA, you experience a triple-tax advantage : Contributions are tax-free, earnings are tax-free, and withdrawals for eligible expenses are tax-free. HSA participants are advised to contribute the maximum amount each year because the dollars going into these accounts are tax-free.

Health Savings Account 98

Health Savings Account Deductions Deductible Healthcare 98

Ascender

JUNE 19, 2020

Many of these events have impacted payroll significantly, requiring organisations to adjust their processes. Let’s take a look at some of these notable events that affected payroll in the last 12 months: Wage Theft and Underpayment. China: Income tax system overhaul. Legislation Impact.

Payroll 52

Payroll Overtime Government Taxes 52

Ascender

JUNE 19, 2020

Many of these events have impacted payroll significantly, requiring organisations to adjust their processes. Let’s take a look at some of these notable events that affected payroll in the last 12 months: Wage Theft and Underpayment. China: Income tax system overhaul. Legislation Impact.

Payroll 52

Payroll Overtime Government Taxes 52

Business Management Daily

FEBRUARY 19, 2019

So far, employees are really, really unhappy with their tax refunds, or lack thereof. And almost everyone is pointing their finger at the 2018 withholding tables. The post 2018 1040s: Where the TCJA rubber meets the road appeared first on Business Management Daily.

Taxes 56

Taxes Management Payroll 56

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. To do this, log into the Stratus System , click the green $ sign, go to Taxes (W2 Info), then click the blue Edit button. Unless you like paying taxes.). What should I do?

Taxes 64

Taxes Payroll IT Deductions 64

Business Management Daily

NOVEMBER 27, 2018

Who could forget tax day 2018? The Tax Inspector General for Tax Administration recently released its analysis of exactly what happened. The post TIGTA’s postmortem on the 2018 1040 filing season appeared first on Business Management Daily.

Taxes 40

Taxes Management IT Payroll 40

HR Lineup

MAY 2, 2023

Zimyo is a leading HR and payroll management software company that provides businesses with cloud-based software solutions to manage their human resources and payroll functions. The payroll software is designed to be easy to use, accurate, and compliant with all applicable laws and regulations.

Payroll Manager 52

Payroll Manager Payroll Software Payroll Human Resources 52

Benefit Resource Inc.

MARCH 20, 2019

Households released in May 2018. The tax savings. It will help you save on taxes and on health expenses. An HSA is a tax-free benefit. The money comes out of your paycheck before taxes, similar to a 401(k) and health insurance. Because your gross income (your income before taxes) is reduced, you pay less in taxes.

401(k) 85

401(k) Deductions Deductible Health Savings Account 85

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

Business Management Daily

APRIL 2, 2019

The 2018 1040 has changed so substantially (not really for the better in our opinion) and figuring your taxes is so different that employees may be feeling more stress than usual. The post It’s tax time again, and this year is anything but routine appeared first on Business Management Daily.

Taxes 40

Taxes Management Payroll 40

Employee Benefits

AUGUST 2, 2023

It is also alleged that between 2018 and 2021, Woolworths Group failed to pay more than $960,000 (£494,558) in long service leave entitlements to 1,199 former employees. Robert Hortle, commissioner of Wage Inspectorate Victoria, said: “Victorians expect businesses with significant payroll resources to get this stuff right.

Retail 52

Retail Payroll Employee Benefits Employment 52

Business Management Daily

JANUARY 6, 2020

Payroll has moved to center stage at the IRS. Most deal with implementing the Tax Cuts and Jobs Act: Guidance on the definition of “qualifying relative” for individual income tax purposes. Employees may account for tax dependents in Step 3 of the 2020 W-4. New information return e-filing threshold of 100 or more forms.

401(k) 52

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

WEX Inc.

JULY 1, 2023

ICHRAs allow employers of any size to reduce and stabilize their healthcare expenses while also enjoying great flexibility in plan design, while employees can use them to gain a greater degree of control in their healthcare spending, tax advantages and the opportunity to receive benefits as a part-time or seasonal worker. Want to know more?

Health Insurance 52

Health Insurance Healthcare Taxes Insurance 52

Business Management Daily

JULY 31, 2018

Last week we deviated from our strict payroll perspective to bring you a sneak peak of the 2018 Form 1040. After all, the Tax Cuts and Jobs Act is just chock full of good stuff that we haven’t highlighted yet and it’s a long summer. And we’re sure that we’ll deviate again. But this week we’re back to dissecting the 2019 W-4.

Payroll 40

Payroll Taxes Management 40

PeopleStrategy

DECEMBER 19, 2017

As your company winds up Q4 and gets ready to head into the new year, take a moment to reflect on the role your HR solution played in your year-end processes and 2018 planning and budgeting. HR technology should give you a better handle on payroll. All employee data, regulatory requirements and tax rates must be correct and up-to-date.

Taxes 40

Taxes Payroll Technology Bonuses 40

PeopleStrategy

NOVEMBER 7, 2017

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. Determine the 2018 holiday schedule. Figure out which holidays your company will observe in 2018.

Flexible Spending Account 58

Flexible Spending Account Taxes Retirement Plan Flexible Spending 58

Benefit Resource Inc.

JULY 23, 2019

The funds in a Health Savings Account automatically earn interest which accumulates tax-free. When the funds in the account are used (including the interest earned on the funds) they are also tax free, when they are used for qualified medical expenses. Earn Interest. . Consolidate multiple HSAs. Designate a beneficiary.

401(k) 45

401(k) Health Savings Account Taxes Banking 45

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 ordinance does not apply to government entities and tax-exempt organizations. The Senate of NJ passed Bill S1656 on September 27, 2018. Because your city could be next. (Or,

Deductions 40

Deductions Deductible Transportation Taxes 40

Genesis HR Solutions

SEPTEMBER 20, 2018

In our article Paternity leave in 2018: Where the U.S. In 2018, Massachusetts Governor Charlie Baker signed a law affecting all employers in the Commonwealth by creating a paid family and medical leave program funded by a state payroll tax. The State Of Paternity Leave In Massachusetts & Around The U.S. per week.

Family and Medical Leave Act 65

Family and Medical Leave Act Employment Parental Leave PTO 65

Corporate Synergies

AUGUST 19, 2019

From 2008 to 2018, the total amount deposited in HSAs rose from $5.3 The federal government created HSAs in 2003 to provide individuals covered by high-deductible plans the opportunity to save tax-free money for healthcare expenses. And the average HSA balance grew by just $110 from 2017 to 2018. As Seen In. billion to $43.5

Employment 40

Employment Health Savings Account Banking Deductions 40

Business Management Daily

JULY 24, 2018

One of Congress’ sales pitches for the Tax Cuts and Jobs Act was that you’d be able to file your income taxes on a postcard. Never mind that filing your taxes on an actual postcard would mean that anyone who handles the mail could see your most intimate financial details. The IRS has now released a draft of the 2018 Form 1040.

Taxes 40

Taxes Management Payroll 40

Bayzat

OCTOBER 16, 2023

Shuraa Awarded as the best brand & business setup consultancy in Dubai in 2018, and more than twenty years in the business, Shuraa is one of the best company formation experts in the region. The post Best Business Setup Consultants in Dubai first appeared on Bayzat Blog.

Consulting 40

Consulting Banking Government Finance 40

Genesis HR Solutions

AUGUST 19, 2020

Not only do PEO clients get expertise from their PEO partners, they no longer need to do the grunt work for the administration of their company’s HR, benefits, tax, payroll, and compliance issues, giving them time to focus on the core functions of their business—and focus on growth. Notable PEO Statistics. Extensis Group ).

Work From Home 52

Work From Home Professional Employer Organization Insurance Carriers Human Resources 52

Money Talk

APRIL 14, 2022

The 2021 income tax season will soon be in the history books. With income tax calculations still fresh in our heads, this is a great time to do some tax planning for 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.

Taxes 188

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

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. Chamber of Commerce, Analysis of Workers' Compensation Laws (2018 Edition)). Note: Although the ratio between worker benefits paid and employer costs is often expressed in dollar terms [e.g.,

Workers’ Compensation 52

Workers’ Compensation Insurance Payroll Medical 52

Business Management Daily

JUNE 19, 2018

The IRS desperately wants to avoid handing taxpayers surprise tax bills next winter. Unfortunately, its withholding calculator is the only tool employees can use to right now to estimate their 2018 status and make changes to their withholding for the rest of the year by refiling their W-4s with you.

Taxes 40

Taxes Management IT Payroll 40

Genesis HR Solutions

DECEMBER 1, 2020

in 2018-2019). Payroll and tax information. The data is clear—small & midsize businesses who partner with PEOs see: 7%-9% faster growth than SMBs overall. 10%-14% lower turnover than companies that don’t have a PEO partner. Higher business revenue vs. non-PEO clients (13.5% Technology. Data management. Benefit enrollment.

Comprehensive Benefits 52

Comprehensive Benefits Benefits Package Technology Human Resources 52

Hireology

SEPTEMBER 20, 2017

The final quarter of the year is fast approaching, meaning you’re likely already setting business goals for 2018. As your business prepares for 2018, now is a better time than ever to evaluate your payroll system and decide if it’s time to make the switch to a new provider. Centralize Your Payroll and Talent Management.

Payroll System 60

Payroll System Payroll Overtime Taxes 60

Abel HR

JULY 9, 2019

If you have spent most of 2019 – and 2018, 2017, 2016… — struggling with your HR administration, perhaps now is the time to think about outsourcing to a PEO ? If this thought has crossed your mind over the past few months, perhaps you’ve done a quick Google search to see what’s available in your area or industry.

Payroll 45

Payroll Workers’ Compensation Taxes Technology 45

Benefit Resource Inc.

AUGUST 7, 2018

Navigating the acronyms of health benefits or the alphabet soup of pre-tax benefits is challenging enough on its own. New York provides one of the most robust programs, which now includes employee payroll contribution and wage requirements. In exchange, employees must pay a small per pay period payroll contribution.

Family and Medical Leave Act 40

Family and Medical Leave Act Medical Consulting Payroll 40

Insperity

JULY 11, 2019

More than 56 million Americans freelance regularly, providing 72 million hours of freelance labor each week, according to a 2018 study commissioned by Freelancers Union and Upwork, a global freelancing website. They are usually hired by the project and are expected to report and withhold their own taxes. Pay freelancers fairly.

Management 64

Management Commissions Recruitment Taxes 64

Corporate Synergies

SEPTEMBER 10, 2018

New laws (like the federal tax law) plus evolving regulations around benefits add more to HR’s already full plate. Technology can also help you identify ineligible dependents, provide employee data to a COBRA provider if employment ends, interface with your payroll platform…the list is almost endless. Keep New Benefit Options Simple.

Health and Welfare 40

Health and Welfare Voluntary Benefits Flexible Spending Account Health Savings Account 40

Hireology

OCTOBER 20, 2017

The final quarter of the year is well under way and now is one of the busiest times for your business to determine whether or not you have the right tools and systems in place to achieve your 2018 goals. And one of the systems to evaluate this time of year is your payroll provider. Complete a Mock Payroll Run.

Payroll 111

Payroll IT Payroll System Finance 111

Hireology

OCTOBER 1, 2018

And the end of the year is also ideal for evaluating any systems or vendor solutions you have in place to determine whether or not they’ve helped your business reach its 2018 goals. As your business prepares for 2019, now is a better time than ever to evaluate your payroll system and decide if it’s time to make the switch to a new provider.

Payroll System 60

Payroll System Payroll Overtime Taxes 60

Business Management Daily

APRIL 9, 2020

Alert: The CARES Act includes a number of tax relief measures to help the country get through the COVID-19 crises. Here are ten ways to benefit from tax provisions in the new law. A single tax filer will receive a check of up to $1,200; up to $2,400 for a couple filing jointly. Get tax rewards for charity.

Taxes 52

Taxes Deductions Deductible Retirement Plan 52

Business Management Daily

SEPTEMBER 10, 2019

You can look at this one of two ways: Yes, it can track your progress toward tax equilibrium (neither owing nor being owed a refund next year) or, it can track how far you’ve gotten before you just give up and do what you’ve always done—just guess at your tax liability and hope you haven’t underpaid your taxes this year.

Deductions 45

Deductions Deductible Taxes Pension 45

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. Burton, Jr.,

Workers’ Compensation 52

Workers’ Compensation Salary Insurance Commissions 52