Employee Benefits

FEBRUARY 22, 2023

Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes?

Salary 98

Salary Taxes Insurance Government 98

Business Management Daily

AUGUST 31, 2023

Expenses that could previously be deducted on an employee’s tax return may no longer qualify, and relocation benefits that previously could be paid out without counting towards a taxpayer’s income may now result in higher tax liabilities. Can employees deduct their moving expenses? Are moving expenses paid directly to vendors taxable?

Taxes 98

Taxes Deductions Deductible Bonuses 98

cipHR

NOVEMBER 15, 2021

As head of payroll bureau services at CIPHR’s sister company PBS , a payroll software and service provider, Jon and his team process payroll and BACS salary payments for 94,000 employees, across 500 organisations every month. CIPHR asked payroll expert Jon Lee for some pointers. Some employers also top these payments up. Personal details.

Pension 98

Pension Gross Pay Payroll Deductions 98

Insperity

OCTOBER 10, 2023

Act are: Starting in 2025, long-term, part-time employees – those workers with at least two years’ tenure and who have worked a minimum of 500 hours – must be able to participate in their company’s retirement plan. It’s important to note that these are tax credits, not deductions. The SECURE 2.0 Major highlights of the SECURE 2.0

401(k) 109

401(k) Retirement Plan Taxes Benefits Package 109

Business Management Daily

JANUARY 5, 2023

All qualified part-time employees are enrolled in the plan and pretax deductions are made from their pay. 29, 2022, must auto-enroll participants once they’re eligible, beginning with the 2025 plan year. For plan years beginning in 2025, SECURE 2.0 1, 2025, to complete this task. Expanding coverage. Fixing mistakes.

401(k) 52

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

Higginbotham

NOVEMBER 2, 2023

Developing an Employee Financial Wellness Program Employees typically look for competitive compensation, but a good salary alone isn’t necessarily enough to ease financial difficulties. This is a new option that went into effect on March 27, 2020, and is set to end on December 31, 2025, assuming it’s not extended.

401(k) 52

401(k) Disability Insurance Benefits Package Insurance 52

Employee Benefits

FEBRUARY 26, 2024

Millennials will make up 75% of the global workforce by 2025 – next year – and they want their employers to be socially responsible. SmartPay – helping employees avoid credit cards and loans through salary deduct. Debt and loan consolidation – making tough times more manageable.

Employee Retention 111

Employee Retention Bonuses Recruitment Taxes 111