Global People Strategist

JANUARY 21, 2023

Companies unfamiliar with employment laws in Hong Kong face potential liability. 1. The Employment Contract In Hong Kong, employment contracts can be agreed to for an indefinite period or a set timeline. Contracts can be written down; however, most employers prefer this approach when forming employee agreements.

Employment 52

Employment Payroll System Pension Commissions 52

HR Digest

JANUARY 8, 2020

Or will the amount of each paycheck in 2020 be lower than in 2019? It depends on how your employer will manage this unusual year. Some employers may choose to divide employees’ annual salary over 27 pay periods instead of 26. Similarly, federal income tax withholdings might differ on your paycheck as well.

401(k) 81

401(k) Gross Pay Deductions Deductible 81

Business Management Daily

OCTOBER 7, 2019

For decades, payroll departments have used two basic principles to withhold income taxes from employees’ pay: Employees indicate the number of their withholding allowances on their W-4s and you figure their income tax withholding based on those W-4s and your pay period. 15-T, which is the withholding instructions for employers.

Payroll System 49

Payroll System Payroll Taxes Deductions 49

Business Management Daily

NOVEMBER 5, 2019

Few people think about income tax withholding, because, let’s face it, there are tons of other things to think about. So when people do start thinking about income tax withholding, they’re confused. Blame Congress—the Tax Cuts and Jobs Act didn’t give the IRS authority to require everyone to refile their W-4s with their employers.

Payroll System 40

Payroll System Taxes Payroll Employment 40

Hppy

JANUARY 28, 2022

Do you want to figure out how you can manage your payroll effectively? From processing paychecks, keeping track of labor laws, maintaining compliance, calculating deductions and bonuses, and tracking all tax-related documentation, payroll is an aspect of business that is fraught with the potential for mistakes. .

Payroll 36

Payroll Management Payroll System Payroll Manager 36

Business Management Daily

JANUARY 5, 2023

which was enacted in 2019. Congress has chosen to pay for it by mandating that plans offering certain 401(k) features, like catch-up contributions, be made on an after-tax, Roth basis. Every mention of the word “Roth” will require significant adjustments to your payroll system to accommodate after-tax withholding.

401(k) 52

401(k) roth 401(k) Taxes Deductions 52

Business Management Daily

AUGUST 23, 2019

Reminder: The IRS wants you to begin reprogramming your payroll systems based on this second draft. What do we do next year about an employee who claimed exempt on a 2019 W-4? To ensure that enough taxes are withheld, couples have three options: One (or both) can have taxes withheld as if they were single.

Payroll System 45

Payroll System Taxes Payroll Employment 45