Money Talk

JANUARY 4, 2024

Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy. Like inheritances, life insurance is generally not subject to income tax. Tax Refund Adjustments - Sometimes people miss a tax credit, deduction, or adjustment and need to file an amended tax return.

Life Insurance 171

Life Insurance Pension Benefit Retail Taxes 171

Employee Benefits

OCTOBER 12, 2023

Bikes-for-work schemes are tax-exempt arrangements, usually offered via a salary sacrifice scheme that will deducts payments from an employee’s gross pay.

Gross Pay 52

Gross Pay Retail Life Insurance Pension 52

Employee Benefits

DECEMBER 22, 2023

Banking: The Equal Credit Opportunity Act protects individuals from being refused credit if you qualify for it or offering you a higher interest rate than would be offered to another individual of similar financial standing based on sexual orientation or gender identity. These should be reviewed regularly and updated as needed.

401(k) 105

401(k) Health Insurance Finance Taxes 105

Money Talk

JULY 7, 2021

changes in insurers), if provided by a former employer ¨ Budget for health care costs in retirement (e.g., changes in insurers), if provided by a former employer ¨ Budget for health care costs in retirement (e.g., Government and Bank Bashing- There was fear-mongering about future tax increases and cuts to Medicare and Social Security.

Deductions 100

Deductions Deductible Taxes Health Insurance 100

Insperity

AUGUST 9, 2016

Take these steps to start building an employee benefits program that won’t break the bank. To attract talent and compete effectively, many businesses first elect to offer: Health insurance – Due to the rising costs of health care, this is a must in the eyes of many employees. Articulate additional perks. Review your goals and budget.

Banking 50

Banking Employee Benefits Disability Insurance 401(k) 50

Insperity

FEBRUARY 11, 2021

In addition to obtaining deduction information and classification, to add employees to a payroll provider’s system, you’ll likely need: Your employees’ names, addresses and social security numbers Employees’ bank account information (for direct deposit) Your payroll register (if acquiring an existing business with payroll history).

Payroll 101

Payroll Overtime Deductions Deductible 101

Insperity

JANUARY 27, 2022

Though you don’t withhold taxes for these parties, you may need to report the benefit to the government using one of the following forms: IRS Form 1099-NEC for independent contractors IRS Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc. for partners in the business. Must all employees receive the same benefits?

Employment 92

Employment Taxes Health Savings Account Benefits Package 92