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New COVID relief package extends payroll provisions

Business Management Daily

The tax credit also applied if you suffered a significant decline in gross receipts, defined as a 50% drop in quarterly gross receipts when compared to the same quarter during 2019. Advances are limited to 70% of average quarterly wages paid during 2019. Expanded meal deduction. PPP loans are expanded. Tax extenders.

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HSA vs. health care FSA: Which is better for you and your employees?

Insperity

HSA is the acronym for health savings account; FSA is the acronym for flexible spending account. An easy, basic way to distinguish what each account is intended for is by focusing on what the letter ā€œSā€ represents in each: savings and spending. The FSA cap for 2019 is $2,700. Start by educating yourself on the basics.

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4 Strategies to Strengthen Your Benefits Programs

Benefit Resource Inc.

So, Benefit Resource brings you “4 Strategies to Strengthen Your Benefits Programs” 1) Add a Post-deductible HRA with an HSA. Win #2: There is no vesting requirement like a 401K. So combining an HSA with a post-deductible HRA just sweetens the deal and acts as a bonus. An HSA on its own can be a sought after benefit.

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How Employee Perks Can Help Companies in the US

Vantage Circle

Retirement Plans: Such as 401(k) plans with employer matching contributions Retirement plans, especially 401(k) plans with employer matching contributions, are paramount among employee perks in the United States. A 401(k) is a tax-advantaged retirement savings program provided by employers. How to offer?