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16+ types of employee benefits you should consider

Genesis HR Solutions

Using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses can lower overall health care costs. An HSA can be used only if employees have a qualified High Deductible Health Plan (HDHP). There is risk involved in sponsoring a 401(k) Plan— we discuss this in detail in this article.

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Learn from payroll year-end mistakes or repeat them

Business Management Daily

Double-check pretax deductions, coding for W-2 Box 12, and year-to-date figures. Ensure that for accounting purposes, all income and expenses are accounted for prior to calculating shareholders’ year-end bonuses. Balance quarterly reports and Forms 941 with the general ledger. Ensure that payroll -related items (e.g.,

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How Employee Perks Can Help Companies in the US

Vantage Circle

These incentives span a wide array, from health benefits and retirement plans to flexible work arrangements, financial bonuses, and professional development opportunities. A 401(k) is a tax-advantaged retirement savings program provided by employers. of 401(k) plan participants had their money invested in equity funds.