Employee Benefits

MAY 21, 2024

During this blog, we’ll explore how you can get your people and business Bike Week-ready. Saving employees and businesses money matters to us, and we’ve written several blogs on how cycle-to-work schemes benefit all parties: Cycle to Work Schemes… just how do they work? We’re aware of at least one possible hindrance.

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Deductions Deductible Salary Taxes 52

WEX Inc.

JUNE 13, 2024

These elective salary deferrals are excluded from your taxable income, except at retirement. There are two important distinctions related to healthcare costs when comparing an HSA with a 401(k) and IRA: 1) Contributions and withdrawals With an HSA, contributions made through payroll deductions are tax-free. Get your free white paper.

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401(k) Retirement Plan Health Savings Account Deductions 96

Qandle

MAY 16, 2023

From calculating employee salaries to managing taxes and deductions, payroll processing is a critical aspect of any business. Payroll processing is the act of computing and distributing employees’ compensation, including salaries, wages, incentives, and other benefits, as well as any relevant taxes, contributions, and deductions.

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Employee Benefits

MAY 9, 2024

We say working parents, but there will be a specific focus on working mums for reasons we’ll delve into during this blog. Helping working mums find balance There is a more significant debate at play here, and we’re unable to pick apart gender inequality in one blog post! Read on to discover more.

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Qandle

APRIL 17, 2023

This process involves payment of the last working month’s salary, along with any additional earnings or deductions. Elements of Full & Final Settlements Salary and wages: The employee is entitled to receive their salary and wages for the last working month.

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Deductions Deductible Salary Taxes 78

Employee Benefits

MARCH 28, 2023

In this blog, we take a look at: the current climate, supporting your people, salary deduct schemes, and supporting mental health. A Financial Capability survey found that ‘nearly nine million of us are in serious debt, and only around a third receive help.’

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InterWest Insurance Services

AUGUST 22, 2024

The employer may cover the premium directly, or employees may share in the premium burden through payroll deductions after tax. In most cases, life insurance face amounts will vary from policy to policy and will usually be based in part on each employee’s base salary.

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Qandle

DECEMBER 5, 2023

In this detailed blog post, we’ll explore the key components of payroll processing and how organizations can streamline this complex function. Understanding Payroll Processing: At its core, payroll processing involves calculating employee compensation, including salaries, wages, bonuses, and deductions.

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Qandle

DECEMBER 16, 2023

It involves various tasks, including calculating wages, withholding taxes and other deductions, and ensuring that employees receive their net pay. Definition of Payroll: Payroll encompasses the total amount of wages paid by a company to its employees and includes salaries, bonuses, and deductions. Here are some key benefits: 1.

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Qandle

SEPTEMBER 19, 2023

It involves the calculation, processing, and distribution of employee salaries, taxes, and other deductions. In this blog, we will delve into the concept of payroll and explore how Qandle can be your ultimate solution for all your payroll requirements. Check out the Payroll Software.

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Abel HR

JUNE 18, 2020

And then they ask about salary and it’s as if all the air has been sucked out of the room. But do these conversations about salary always have to be so awkward or is there a way to address the issue tactfully and tastefully without creating a moment from which you and your candidate can never recover?

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Qandle

SEPTEMBER 6, 2023

In this blog, we will explore the intricacies of payroll calculation, comparing the use of Excel spreadsheets to dedicated payroll software. Running payroll refers to the process of calculating and distributing employee compensation, including wages, salaries, bonuses, and deductions, within an organization.

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Employee Benefits

OCTOBER 25, 2023

SmartPay is the smart way to pay, helping your employees avoid high-interest loans or credit cards by spreading the up-front cost of technology, appliances, wellbeing, and lifestyle purchases through affordable and manageable salary deductions. Read on to discover what SmartPay can do for your people and business. Spend less on gifts.

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InterWest Insurance Services

JULY 4, 2024

workers choosing high-deductible health plans has leveled off during the last two years, uptake has been growing rapidly among one segment of the working population: Gen Z employees. HDHPs feature higher deductibles and more out-of-pocket expenses in exchange for lower premiums upfront. While the number of U.S.

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Employee Benefits

JANUARY 17, 2024

During this blog, we’ll explore the topic of resilience in relation to employee financial wellbeing and the role that HR and prioritising financial wellbeing at work must play in achieving it. Still, education only goes so far, and your employees’ monthly salary has a limit. Resilience. So, what exactly does it mean?

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Qandle

SEPTEMBER 20, 2023

Payroll Taxation: Payroll taxation refers to the process of collecting taxes from employees’ wages or salaries by employers and remitting those taxes to the appropriate government authorities. Both employers and employees usually contribute, with a specified percentage deducted from the employee’s wages.

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Qandle

NOVEMBER 27, 2023

First and foremost, it requires a thorough understanding of applicable laws and regulations related to wages, taxes, and deductions. This not only facilitates precise salary calculations but also serves as a valuable resource for audits and financial planning. Effective payroll management involves several key components.

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Employee Benefits

APRIL 25, 2024

Discover what EV car drivers really think about their green cars here: Save money & energy with Green Cars… our electric car salary sacrifice scheme. Read more in our blog – Cleaner Commuting Made Affordable. Both encourage greener ways of commuting to work, whether by an electric vehicle or a new bike. That’s a £750.04

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InterWest Insurance Services

OCTOBER 27, 2022

These cafeteria plans, which are governed by Section 125 of the Internal Revenue Service Code, allow your employees to withhold a portion of their pre-tax salary to cover certain medical or childcare expenses. Employees can save an average of 30% in federal, state and local taxes on items they already pay for out of pocket.

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InterWest Insurance Services

NOVEMBER 25, 2022

They also cover the minimum deductibles that qualify programs as high-deductible health plans (HDHPs), which an HSA must be attached to under law. Every year, the employee must decide how much they want their employer to deduct (pre-tax) from their paycheck to set aside in their HSA. 7,750 for family coverage (up $450).

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Business Management Daily

APRIL 29, 2024

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. In this blog, we’ll talk about different types of fringe benefits and how employers can make the most of what’s available. People want more.

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Qandle

JULY 3, 2024

This blog will explore how HRMS is revolutionizing the HR processes in the banking sector, highlighting its benefits, applications, and real-world examples. Payroll Management Accurate Payroll Processing : HRMS ensures timely and error-free payroll processing, considering variables like overtime, bonuses, and deductions.

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InterWest Insurance Services

JANUARY 5, 2023

With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans (HDHPs) that reduce premiums up front for higher out-of-pocket costs for workers. Instead, more employers were using salary-based premiums in 2022 (34%, up from 29% in 2021).

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InterWest Insurance Services

AUGUST 5, 2022

Employers are starting to realize that a high-deductible health plan with an attached health savings account is not a good fit for all of their employees. In fact, the high-deductibles have been blamed for saddling an increasing amount of U.S. workers with more medical debt. Tackling affordability issue.

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InterWest Insurance Services

MARCH 22, 2022

Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis. Since the salary reductions are not received by the employee, they are not considered wages for income tax purposes. Flexible spending account.

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Global People Strategist

JUNE 8, 2022

This blog will give a better understanding of the healthcare programs in the country. It is funded through taxes and monthly deductions from employees’ salaries. That is, if you are an ex-pat employed in Thailand, you will have to register for the UCS, which will be financed by 5% of your monthly salary.

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McDermott Will & Emery Employee Benefits

OCTOBER 19, 2022

The maximum salary reduction limit for a health flexible spending account (Health FSA) increased to $3,050 for 2023 (from $2,850 in 2022), and the Health FSA carryover […]. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

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Bayzat

JUNE 2, 2024

It prevents employers from paying inappropriate salaries, delaying payday, and using funds illegally. Here, we cover the steps involved so you know what to expect when you log on to the WPS portal: Preparing and Submitting of SIF SIF, or Salary Information File, is a document that contains information on employees and employers.

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Payroll Manager Payroll Banking Salary 52

HR Bartender

JULY 14, 2015

The overtime rule changes are significant and fall into two categories: salary basis and primary duties test. Today we’re going to cover the salary basis part of the proposal. What are the changes being proposed to the minimum salary? Jonathan] Currently, the minimum salary is $455 per week for most white collar positions.

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COMPackage

JULY 2, 2024

In the modern workplace, employees are increasingly aware of the value of their compensation beyond just their base salary. These comprehensive documents outline all aspects of an employee’s compensation, including salary, benefits, bonuses, and other perks. This includes: Base Salary : The fixed annual salary or hourly wage.

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Qandle

NOVEMBER 9, 2023

Single Touch Payroll (STP) is a reporting system developed by the Australian Taxation Office (ATO) that requires employers to report their employees’ salary and wage information, superannuation contributions, and pay-as-you-go withholding (PAYGW) information directly to the ATO each time they run their payroll.

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Employee Benefits

FEBRUARY 26, 2024

High employee turnover rates are a financial risk, and during this blog, we’ll explore all the elements to consider when creating a long-term employee retention strategy. Rewards and recognition play an essential role in keeping employees engaged, and we have a collection of blogs on the subject here.

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Qandle

APRIL 7, 2022

Payroll administration is the difficult task of keeping track of your employees’ financial data, such as pay, benefits, taxes, and deductions. Calculating your employees’ salary, issuing payments, preserving payroll records, and collecting tax forms are all part of payroll management. appeared first on The Qandle Blog.

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InterWest Insurance Services

JULY 13, 2023

18% use salary-based contributions to premiums, with lower-wage workers paying less than their better paid colleagues. 39% offer a medical plan with no or a low deductible or cost-sharing (e.g., 6% make larger health savings account contributions to lower-wage staff to make their high-deductible health plan more affordable.

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Employee Benefits

MARCH 19, 2024

SmartPay is a cost-neutral salary deduct scheme that enables your employees to spread the cost of the things they need. Your business funds the upfront payment, and your employees repay it over an agreed period directly from their salary. No interest, no late fees, no additional money worries.

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InterWest Insurance Services

JUNE 2, 2022

After all, a recent survey from CareerBuilder found that 55% of workers believed an employer’s menu of benefits was more important than salary when considering a job position or offer. At 24% of employers, the worker pays 100% of the cost via a payroll deduction program. That’s important in today’s tight job market.

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Health Voluntary Benefits Disability Insurance Deductible 96

Empuls

SEPTEMBER 28, 2023

In this blog you’ll learn about the intricacies of cost of living bonuses, understanding their significance, and uncovering the key factors that shape them. It is designed to bridge the gap between an employee's standard salary and the expenses required to maintain a certain quality of life in their geographical area.

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