HR Digest

MAY 21, 2023

To drive company’s success, benchmark and budget a benefit plan that attracts the skilled employees, is needed to keep the employees performing at their best. The mandatory benefits form the foundation of all employee benefit packages. Payroll taxes 2. Overtime pay 3. Workers’ compensation 4. Mandatory leave 5.

Benefits Package 105

Benefits Package 401(k) Employee Benefits Disability Insurance 105

PeopleStrategy

JANUARY 17, 2024

Leap year impacts payroll, taxes, and benefits, all of which your payroll platform and other support services should be set up to handle. Not only have employees not had time to prepare for that change, it also can have ramifications on employee deductions for benefits or contributions to retirement or health savings plans.

Payroll 52

Payroll Payroll System Deductions Deductible 52

Benefit Resource Inc.

APRIL 6, 2023

In honor of National Employee Benefits Day, here are some of the often overlooked benefit options employers can use to “sweeten the pot” to attract new talent and retain existing talent. These eight benefits provide an opportunity for over $30,000 of increased value to employees each year.*

Employee Benefits 52

Employee Benefits Health Savings Account Taxes Entertainment 52

Employee Benefits

NOVEMBER 20, 2023

The TRS outlines what employee benefits have been on offer for the past 12 months.

Retail 105

Retail Overtime Pension Benefits Package 105

Employee Benefits

MAY 22, 2023

These schemes are likely to have more exclusions and limitations, but can provide a more cost-effective method of creating healthcare support for those employers concerned about tightening costs, as well as removing the uncertainty that arises when cost can vary depending on age or pre-existing conditions. Who are some of the key providers?

Medical 105

Medical Insurance Healthcare Taxes 105

Employee Benefits

AUGUST 9, 2023

Based in Greater Manchester and with 3,000 employees, the university was a runner up in the Best financial wellbeing strategy at this year’s Employee Benefits Awards. These are hosted twice a year by a professional consultancy firm and are free of charge. They pass this on through meetings with each department.

Pension 98

Pension Benefit Providers Education Professional Services 98

Employee Benefits

OCTOBER 4, 2023

Employee Benefits Live 2023: Enterprise Rent-A-Car has supported employees during the cost-of-living crisis with a salary increase and conducted a benchmark analysis of its pay and benefits providers. It also offers a bikes-for-work and electric vehicle salary sacrifice scheme which offer tax and national insurance savings. “We

Pension 59

Pension Benefit Providers Salary Benefits Package 59

Insperity

JANUARY 27, 2022

What are fringe benefits? In common parlance, fringe benefits (a.k.a. perks or perquisites) are benefits you offer in addition to pay. The IRS’ Publication 15-B (2021) Employer’s Tax Guide to Fringe Benefits defines a fringe benefit as “a form of pay for the performance of services.

Employment 94

Employment Taxes Health Savings Account Benefits Package 94

AssuredPartners

OCTOBER 13, 2022

The Department of the Treasury and the IRS have been instructed to modify the Income Tax Regulations under Sec. Specifically, for purposes of a family member’s ability to receive a PTC, minimum value is now to be based on the benefits provided to those individuals under an employer-sponsored plan.

Health Insurance 98

Health Insurance Benefit Providers Flexible Spending Insurance 98

WEX Inc.

AUGUST 16, 2023

Surveys also focused on employee benefits provide valuable insights into how well a company’s benefits align with employees’ needs. This feedback can offer benefits for attracting and retaining top talent. Interested in staying updated on the latest trends for HR and benefits professionals? Subscribe to our blog !

Taxes 52

Taxes Benefit Providers Human Resources Employee Retention 52

Best Money Moves

MARCH 11, 2024

In a study from PeopleKeep, 87% of employees surveyed said they valued retirement benefits or retirement accounts. However, only 54% of the employers surveyed even offered those benefits. Retirement plans are tax deductible, flexible and are a great way to attract new talent to your business.

Retirement Plan 91

Retirement Plan Healthcare Healthcare Benefits Parental Leave 91

ERIC

DECEMBER 17, 2021

Importantly, New Jersey workers already have access to substantial state-mandated earned sick leave benefits provided by employers, which were further expanded in 2020 to allow employees to use their leave explicitly for COVID-19 circumstances.

Paid Sick Leave 52

Paid Sick Leave Paid Leave Benefit Providers Taxes 52

Employee Benefits

JANUARY 31, 2024

Financial education Financial education sessions, whether online or face to face, can cover a range of topics to support employees, such as how to make the most of workplace benefits, understanding their payslips and tax, saving for a rainy day, or retirement.

Pension 64

Pension Finance Education Taxes 64

HR Digest

OCTOBER 22, 2023

Not every company can afford such generous or quirky fringe benefits but making the most of their funds and providing more feasible ones does wonders for the mood at the workplace. 401(k) as a Fringe Benefit The very popular 401(k) is also a fringe benefit as employers can choose to assist employees with their retirement planning.

401(k) 52

401(k) Employee Stock Option Deductions Deductible 52

HR Lineup

OCTOBER 18, 2023

It simplifies the process of calculating salaries, factoring in taxes, deductions, and benefits. One of Plane’s standout features is its ability to integrate seamlessly with various HR tools and benefits providers.

Payroll 52

Payroll Retirement Plan Benefits Package Health Insurance 52

Benefit Resource Inc.

MAY 9, 2023

As a leading pre-tax benefits provider, Benefit Resource (BRI) has actively participated in various events to showcase our innovative solutions and expand our network. We recently attended several industry gatherings and plan to attend more in the near future.

Benefit Providers 52

Benefit Providers Taxes Technology Employee Benefits 52

HR Digest

MAY 4, 2024

Misclassification can lead to significant liabilities, including tax penalties and violations of wage laws. Since gig workers are generally considered self-employed, they often miss out on traditional benefits provided to full-time employees. This is where the challenge of managing gig workers carefully really becomes important.

Management 52

Management Retirement Plan Health Insurance Technology 52

Employee Benefits

MARCH 11, 2024

Operated via a salary sacrifice arrangement, employees can save money as a result of reduced tax and national insurance contributions (NICs). Employers can also offer access to helplines or websites that can provide employees with a list of emergency childcare providers in their area.

Employment 112

Employment Parental Leave Education Recruitment 112

Employee Benefits

JULY 12, 2023

“This not only prepares providers for large shifts in take-up, but it helps with cost planning too. Big increases in headcount can translate to significant increases in employer-funded benefits and, in some regions, higher tax savings.

Pension 98

Pension Net Pay Paid Leave Taxes 98

Vantage Circle

JANUARY 30, 2022

This blog will cover everything you need to know while considering taxable benefits so that you don't get caught off guard when tax time rolls around. What Is A Taxable Benefit? As we know, there are many benefits provided to employees in the form of pay. Accident and health benefits. Transit passes.

Employee Stock Option 52

Employee Stock Option Taxes Paid Vacation Life Insurance 52

Employee Benefits

MARCH 31, 2023

Being able to break down how your employee benefits are being used by individual schemes is useful because you’ll be able to focus on the right things. When you have this information, you can talk to your employee benefits provider about ways to drive engagement and best optimise your employee benefits offering.

Benefits Package 52

Benefits Package Employee Benefits Benefit Providers Salary 52

Attorney Charlie Hall

DECEMBER 31, 2021

Getting approved for disability benefits provides increased income stability for veterans and their families. A veteran disabled while on active military service can get approval for SSDI benefits only if he or she meets the Social Security Administration’s strict definition of disability.

Disability Insurance 130

Disability Insurance Medical Insurance Taxes 130

Business Management Daily

SEPTEMBER 22, 2021

Some benefits to consider adding or expanding are: 401K benefits: If your business is not matching contributions, you may want to look into what competing employers are doing in terms of retirement benefits and whether there is room in the budget to offer some level of matching. Submit all enrollment forms to benefits providers.

Employment 90

Employment Benefit Providers Deductions Deductible 90

Benefit Resource Inc.

APRIL 1, 2021

Angrily, you step aside and call your benefits provider to give them a piece of your mind. Is this benefits provider trying to rip you off and take all of your money by not allowing you to purchase anything with your pre-tax health dollars? What does that mean? Before you ready your pitchforks, let us explain.

Benefit Providers 40

Benefit Providers Medical Taxes Electronics 40

Empuls

SEPTEMBER 28, 2023

In this blog, we have described everything from the best employee benefits in the UK to the way an employee benefits package can be designed for employees, the legal regulations, tax compliance and other nuances with regard to the subject. Pensions are a compulsory benefit provided by employers in the UK.

Employee Benefits 40

Employee Benefits Pension Benefits Package Mandatory Benefits 40

Benefit Resource Inc.

JUNE 28, 2022

HSA’s are the only account to provide a triple-tax benefit. Funds deposited into an HSA tax-free, grow tax-deferred, and remain tax-free. The pre-tax savings in you HSA account can be used to pay for a wide variety of medical expenses. appeared first on BRI | Benefit Resource.

Health Savings Account 40

Health Savings Account Taxes Medical Healthcare 40

HR Digest

JUNE 19, 2019

It is also known as transportation or transit benefits. The program is provided to help employees in reducing their monthly transportation expenses. Employee commuter benefits are pre-tax payroll deductions. Meaning it reduces employee income taxes and employer payroll taxes.

Payroll Software 45

Payroll Software Transportation Deductions Deductible 45

Employee Benefits

JUNE 5, 2023

Outsourced payroll solutions and worker benefits provider HIVE360 has launched two new solutions as powerful alternatives to the traditional umbrella providers.

Payroll 52

Payroll Recruitment Outsourcing Payroll Net Pay 52

Higginbotham

APRIL 11, 2022

On April 5, 2022, the IRS released a proposed rule that would change the existing rules for eligibility for the premium tax credit (PTC). The proposed rule would also add a minimum value rule for family members based on the benefits provided to the family members. IRS Proposes Change to Family Coverage Affordability Rules.

401(k) 52

401(k) Taxes Retirement Plan Pension 52

Flimp Communications

SEPTEMBER 14, 2020

The disruption caused by the pandemic brought an end to in-person enrollment meetings and benefits-onboarding presentations for HR and benefits providers. Workforces are virtual and dispersed and access to centralized benefits information is more critical than ever.

Benefit Providers 67

Benefit Providers Media Taxes Management 67

Hppy

APRIL 11, 2021

Payroll processing involves several tasks like calculating employee hours, leaves, deductions, paid time off, generating reports, preparing tax filings, printing and distributing paychecks. The payroll service provider has a dedicated team processing different aspects of payroll.

Payroll 69

Payroll Outsourcing Payroll Payroll Manager Payroll Service 69

Business Management Daily

MAY 20, 2020

The employee retention credit offers you a 50% credit on your share of Social Security taxes, up to $5,000 per employee, if you continue to pay and provide health benefits to employees. Either the IRS will update its FAQ or new legislation will conform to the tax writers’ intent. Employee retention credit.

Employee Retention 52

Employee Retention Taxes Finance Paid Leave 52

Benefit Resource Inc.

MAY 11, 2020

ROCHESTER, N.Y. , May 11, 2020 /PRNewswire-PRWeb/ — Today, Benefit Resource, LLC (BRI), a national third party administrator of pre-tax benefits and COBRA, announced the first of its planned investments in long-term and short-term strategic growth. “I joined the team at BRI because of shared values.

Taxes 40

Taxes Benefit Providers Medical Technology 40

Empuls

JUNE 16, 2023

It is a benefit provided to employees to ensure they have access to meals at the workplace. Employers often reference the per diem rates established by tax authorities or industry standards to ensure fairness and compliance. What is meal allowance for employees?

Taxes 40

Taxes Food Utilities Consulting 40

Business Management Daily

DECEMBER 2, 2020

Use a W-2 to report wages paid and taxable fringe benefits provided to employees, as employees. It shows that the employer withheld taxes on the employee’s behalf. However, the recipient is ultimately responsible for paying estimated income and self-employment taxes. W-2s are for employees, 1099s aren’t.

Electronics 52

Electronics Taxes Benefit Providers Retail 52

Business Management Daily

JUNE 29, 2022

Aside from transportation costs, tax-free reimbursements for employees’ medical travel are limited to $50 per person a day for lodging; meals aren’t included. Employees can access benefits provided through an employee assistance plan. However, HSAs must be paired with high-deductible health plans.

Family and Medical Leave Act 92

Family and Medical Leave Act Healthcare Employment Medical 92

Patriot Software

FEBRUARY 13, 2019

When an employee dies, withhold taxes from their wages (if applicable), issue their final wages to their beneficiary or estate, and report the payment to the IRS. If you pay the wages in the calendar year that the employee died, do not deduct federal income tax. If so, notify benefit providers after the death of an employee.

Payroll Software 40

Payroll Software Health Insurance Payroll Taxes 40