InterWest Insurance Services

MARCH 16, 2023

Large employers are unwavering in their plans to continue offering group health plans to their workers instead of funding individual reimbursement accounts that would allow them to shop for plans on government-run exchanges, according to new research.

Health Insurance 98

Health Insurance Employment Out of Pocket Cost Health Savings Account 98

BerniePortal

NOVEMBER 21, 2019

Applicable employers are required to file 1095-Cs with the IRS, and each year usually brings changes and clarifications for filing. The IRS has just recently released draft instructions for the 2019 tax year 1094/1095-B and 1094/1095-C forms.

Taxes 81

Taxes Employment IT Healthcare 81

Benefit Resource Inc.

MARCH 26, 2019

Patients don’t know that video consultation services may be available under their medical plans and can be paid with pre-tax funds. Beyond insurance and Medicaid, funds from pre-tax benefit accounts can be used to cover telecare visits. It will be interesting to see how telehealth develops in 2019 and beyond.

Healthcare 65

Healthcare Taxes Hospitality Education 65

Business Management Daily

JANUARY 17, 2020

Tax audits are all about your records. Have sloppy, incomplete and inaccurate records and you will needlessly pay tax penalties. The IRS determined that a taxpayer was $17,925 in the hole for his income taxes, and, accordingly, was liable for a $3,585 accuracy-related penalty. 2019-34, U.S. Tax Court, 2019).

Taxes 52

Taxes Entertainment Deductions Deductible 52

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

Global People Strategist

FEBRUARY 26, 2019

As Brexit continues to loom over 2019 with its threat of uncertainty, there are several changes to British laws that are expected to come down the road and affect workplaces in that country: Shared Parental Leave Pay. The Court of Appeals will consider the case on May 1, 2019. Extended Redundancy Protection. New Statutory Test.

Parental Leave 40

Parental Leave Employment Government Consulting 40

Corporate Synergies

JANUARY 2, 2019

Our 2019 Employer Education Series is designed to help you get more bang for your benefits buck. Corporate Synergies is set to launch its 2019 Employer Education Series. The 2019 Employer Education series includes staff-written articles, special use publications, webinars and regional conferences.

Education 40

Education Health and Welfare Voluntary Benefits Employment 40

Benefit Resource Inc.

NOVEMBER 6, 2019

The IRS released the 2020 pre-tax limits for Mass Transit, Parking, Medical FSA and Adoption Assistance in Revenue Procedure 2019-44. Maximum Election : $270 / month (up from $265 / month in 2019). Maximum Annual Limit : $2,750 (up from $2,700 in 2019). Maximum Annual Limit : $2,750 (up from $2,700 in 2019).

Taxes 40

Taxes Medical Employment 40

Patriot Software

APRIL 22, 2019

In 2018, the IRS adjusted income tax withholding tables to reflect the Tax Cuts and Jobs Act. The IRS released changes to the income tax brackets for 2019. When you have employees, you need to stay on top of changing employment tax rates. Rates impact the amount of money you withhold from employee wages.

Taxes 69

Taxes Payroll Employment 69

Benefit Resource Inc.

OCTOBER 11, 2018

What is a pre-tax benefit account? A pre-tax benefit account allows you to set aside money from your paycheck before taxes to use for IRS-approved purchases. The items you can pay for through a pre-tax benefit account depends on which plan(s) you have. Any unused funds are returned to your employer. Medical FSA.

Taxes 74

Taxes Health Savings Account Medical Deductions 74

Benefit Resource Inc.

APRIL 11, 2019

The FSA rollover option is offered by some employers to employees as a form of protection against losing funds in a Medical FSA. Since the FSA rollover option was introduced, it has gained traction with employers, with 65%* currently offering the option. The employer decides the amount that can roll.

Taxes 76

Taxes Flexible Spending Account Medical Flexible Spending 76

WEX Inc.

NOVEMBER 30, 2018

Recently, the IRS issued Revenue Procedure 2018-57 , which announced more than 40 tax provisions for 2019, including the tax rate schedule, and other tax changes. There were also several increases to 2019 benefits limits. View our infographic below to help illustrate the news.

Taxes 40

Taxes Consulting Employment 40

Insperity

OCTOBER 10, 2023

workers better prepare financially for retirement, at every stage of their employment journey. In requiring employers to take actions that can improve their employees’ financial wellness, the SECURE 2.0 Act of 2022 Expanding on the provisions laid out in the original SECURE Act of 2019, the SECURE 2.0 In December 2022, the U.S.

401(k) 108

401(k) Retirement Plan Taxes Benefits Package 108

Benefit Resource Inc.

JULY 18, 2019

On July 17, 2019, House passed H.R. 748 , the Middle Class Health Benefits Tax Repeal Act , to repeal the “Cadillac Tax” The bill passed by a nearly unanimous vote in favor of repeal. What is the Cadillac Tax? The Cadillac Tax was originally passed in the Affordable Care Act as a cost-containment measure.

Taxes 40

Taxes Employment IT 40

Employee Benefits

SEPTEMBER 6, 2023

Bikes-for-work schemes are tax-exempt arrangements that encourage employees to cycle to work to reduce environmental pollution and promote healthier lifestyles. Through the scheme, employers buy cycling equipment from suppliers approved by their scheme administrator, and hire it to their employees. On average, employers can save 13.8%

Gross Pay 59

Gross Pay Net Pay Taxes Deductions 59

AssuredPartners

NOVEMBER 15, 2018

{"ops":[{"insert":"Today, the Internal Revenue Service announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes (generally referred to as cost-of-living increases).

Transportation 40

Transportation Flexible Spending Account Flexible Spending Taxes 40

Proskauer's Employee Benefits & Executive Compensa

JANUARY 30, 2023

As part of our continuing series on SECURE 2.0 , signed into law December 29, 2022, this post focuses on significant changes for section 403(b) tax-sheltered annuity plans (“403(b) plans”). Multiple Employer and Pooled Employer 403(b) Plans SECURE 2.0 As discussed in more detail below, SECURE 2.0 However, SECURE 2.0

401(k) 111

401(k) Taxes Retirement Plan Commissions 111

HR Bartender

FEBRUARY 22, 2022

Ensuring employees are paid in a secure, efficient, and timely manner is one of the fundamental roles of an employer. That includes compliance with employment tax payment and reporting rules with each of the various local, state, and federal agencies to avoid penalties. 3 – Reducing Risk Exposure. . #3

Payroll 127

Payroll Taxes Technology Employee Retention 127

WEX Inc.

MAY 8, 2023

HDHP vs. PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO). It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

Workers' Compensation

DECEMBER 14, 2023

The New Jersey Department of Labor and Workforce Development (NJDOL) has posted the names of 14 additional businesses to its Workplace Accountability in Labor List (aka The WALL), bringing to 82 the total number of delinquent employers with outstanding liabilities for violations of state wage, benefit or tax laws.

Taxes 52

Taxes Government Employment IT 52

Genesis HR Solutions

SEPTEMBER 20, 2018

Employees are asking about it; employers are thinking about it, and soon, new legislation will be passed regarding it. Figuring out how to implement paternity leave successfully is crucial for employers, particularly if your organization wants to attract millennials, who place significant value on work-life balance. Click To Tweet.

Family and Medical Leave Act 65

Family and Medical Leave Act Employment Parental Leave PTO 65

Patriot Software

JANUARY 9, 2019

Regardless of whether you are an entrepreneur, employing a household worker makes you an employer. And as an employer, you are required to pay household employment taxes, otherwise known as the nanny tax. Employing a nanny isn’t a spoonful of sugar if you don’t follow nanny tax rules. What is the nanny tax?

Taxes 46

Taxes Payroll Online Payroll Payroll Software 46

Business Management Daily

DECEMBER 19, 2019

In Fiscal Year 2019 (which ended Sept. Immigration and Customs Enforcement opened 6,812 new investigations into employers suspected of violating immigration laws—everything from hiring undocumented workers to making errors on their I-9 Forms. Only 40 employers and managers were arrested last year, down from 72 in FY2018.

Employment 52

Employment Electronics Taxes Construction 52

Corporate Synergies

SEPTEMBER 10, 2018

Open enrollment 2019 has so many moving parts it may seem impossible to manage. Three words have the power to make the most experienced HR professional shudder— open enrollment 2019. Employers with multiple generations of workers must accommodate a wide range of health and welfare benefits needs. As Seen In.

Health and Welfare 40

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

AssuredPartners

JANUARY 22, 2018

{"ops":[{"insert":"While we all may not wish to applaud Congress today, many Employers and Plan Sponsors have something to be grateful for. House of Representatives included a two-year delay of the 40% “Cadillac Tax” in their proposal to continue funding the government until February 8, 2018. The leaders of the U.S.

Taxes 40

Taxes Out of Pocket Cost Health Insurance Medical 40

McDermott Will & Emery Employee Benefits

FEBRUARY 22, 2022

In 2019, the Washington State Legislature established the Long-Term Services and Supports Trust Program (LTSS Trust Program) to provide funding for eligible beneficiaries that they can apply to the cost of their long-term care. The program is funded through a 0.58% payroll tax on employee wages and went into effect on January 1, 2022.

Taxes 74

Taxes Payroll Employee Benefits Employment 74

AssuredPartners

NOVEMBER 15, 2022

The annual fee is paid using quarterly excise tax Form 720 and must be remitted to the IRS no later than July 31st of the year following the last day of the plan year, which includes calendar-year plans. You may recall that PCORI was previously due to sunset in 2019 but was extended by Congress through 2029. The fee will now be $3.00

Insurance 98

Insurance Utilities Medical Taxes 98

Money Talk

DECEMBER 21, 2022

The median household income in the United States was $67,521 in 2020, down from $69,560 in 2019. For example, $100 in a mutual fund or 5% of pay every payday in an employer retirement savings plan. Median Income - The median is the exact halfway point (midpoint) in a distribution of numbers from the lowest to the highest.

401(k) 178

401(k) Banking Food Deductions 178

WEX Inc.

JULY 1, 2023

Individual Coverage Health Reimbursement Arrangements (ICHRAs) were rolled out prior to COVID-19 striking the United States, but the demand for this new product is expected to skyrocket, as more and more employers look for ways to bring stability to their healthcare costs. These plans are tax-advantaged, exempt from both payroll taxes.

Health Insurance 52

Health Insurance Healthcare Taxes Insurance 52

Employee Benefits

FEBRUARY 16, 2022

The gender pensions gap , representing the difference in retirement income between men and women, was recently found by trade union Prospect to have stood at almost 38% in 2019-20; more than double the size of the frequently cited gender pay gap. Here are some practical tips for employers on how they can reduce the gender pensions gap.

Pension 59

Pension Employment Parental Leave Consulting 59

Employee Benefits

AUGUST 9, 2023

It offers pre-retirement seminars focusing on a holistic approach to pensions , tax implications, the psychological impact of leaving work, wills and estate planning, that are primarily aimed at older workers but do get interest from younger staff as well.

Pension 98

Pension Benefit Providers Education Professional Services 98

Higginbotham

JUNE 9, 2023

The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). However, a federal spending bill enacted at the end of 2019 extended the PCORI fees for an additional 10 years. However, a federal spending bill enacted at the end of 2019 extended the PCORI fees for an additional 10 years.

Deductions 52

Deductions Deductible Health Insurance Taxes 52

Business Management Daily

JANUARY 5, 2021

The law also extends expiring tax provisions and everything that could be jammed into 5,593 pages of federal legislation three days before Christmas. The key payroll provisions include: An extension of the paid sick/ family leave provisions and your tax credit for providing leave. Extensions of popular payroll tax provisions.

Payroll 52

Payroll Family and Medical Leave Act 401(k) Taxes 52

Business Management Daily

FEBRUARY 4, 2021

New borrowers can use either 2019 or 2020 to calculate payroll costs for purposes of determining their maximum loan amount. Can show your gross receipts dropped at least 25% in a calendar quarter in 2020 compared to the same calendar quarter in 2019. times your average monthly 2019 or 2020 payroll costs , up to $2 million.

Payroll 64

Payroll Banking Taxes Health 64

Employee Benefits

DECEMBER 13, 2023

The end of 2023 saw considerable changes to regulation and guidance around many employment issues, including remuneration, pay transparency and diversity metrics. Despite this, many diversity, equity and inclusion -focused employers now voluntarily report ethnicity pay gap data. The bonus cap has been removed.

Bonuses 105

Bonuses Banking Consulting Government 105

Employee Benefits

NOVEMBER 6, 2023

An employment tribunal has ruled that Lancashire County Council must pay out more than £800,000 to a teacher who was made to reapply for her job while on sick leave with cancer and then sacked. Healey returned to work in May 2016 but required more treatment in 2017 as the cancer had returned, and was then off until early 2019.

Pension 105

Pension Consulting Salary Employee Benefits 105

Business Management Daily

MAY 6, 2020

PPP loans are limited to employers with fewer than 500 employees. Determine the 2019 employer health insurance contributions from Form 1120, Line 24 or Form 1120-S, Line 18 that’s attributable to health insurance. Determine 2019 employer retirement contributions from Form 1120, Line 23 or Form 1120-S, Line 17.

Health Insurance 52

Health Insurance Payroll Taxes Insurance 52