Health Consultants Group

OCTOBER 1, 2021

Reconsidering your employee benefits priorities. As your employees settle into their post-pandemic workflow, you’re probably noticing that they don’t want business-as-usual. After a year of unprecedented medical and personal experiences, employees can easily detect holes in their benefits plans. Adoption Benefits.

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McDermott Will & Emery Employee Benefits

NOVEMBER 9, 2023

Asserting that many employers have improperly claimed Employee Retention Tax Credit (ERTC) refunds, the Internal Revenue Service (IRS) released two new announcements that address ERTC claims.

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Employment Taxes Employee Retention Consulting 94

CorpStrat

JANUARY 22, 2024

As we settle into 2024, many teams have recently renewed their Employee Benefits plans. It’s the perfect time to take a closer look and remind your employees about the fantastic, often underutilized benefits these plans offer. Communicating these benefits effectively is equally important as providing them.

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Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

Employee Benefits

APRIL 19, 2023

Dismissals may be deemed unfair if employers do not adequately consider these alternatives or fail to consult with employees before making decisions. Employees who are unfairly dismissed might miss out on opportunities to retain their jobs or access training and development programmes that could help them find new roles.

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Employee Benefits

NOVEMBER 23, 2023

appeared first on Employee Benefits. Autumn Statement: Government announces plans to offer pension pot for life Autumn Statement: State pension to increase by 8.5%

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Employee Benefits

MARCH 22, 2024

Meanwhile, men named David were the most likely to earn up to £113,472 as tax partners, and women named Karen have this role more than any other female name. The post Employees named David and Sarah more likely to earn higher salaries appeared first on Employee Benefits.

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WEX Inc.

JANUARY 4, 2023

In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA. Would you like to stay up to date on your employee benefits and COBRA? It is not legal or tax advice. For legal or tax advice, you should consult your own counsel.

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Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

AssuredPartners

FEBRUARY 2, 2022

National Broker Names Lesli Whisenant as SVP of Tax. LAKE MARY, FL – February 1, 2022 – AssuredPartners is pleased to announce that Lesli Whisenant has been promoted to Senior Vice President (SVP) of Tax effective January 1, 2022. Vice President of Tax at Rotech Healthcare Inc. ” ABOUT ASSUREDPARTNERS, INC.

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Vantage Circle

SEPTEMBER 23, 2023

In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” Why Are Employee Benefits Important? " - Sybil F.

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Family and Medical Leave Act Employee Benefits 401(k) Employment 59

Employee Benefits

JANUARY 24, 2024

Crypto currency is subject to income tax when an employee receives it but could also incur a capital gains tax charge if they hold it for more than 30 days. For these firms, it reinforces what they do but can also provide employees with an introduction to the concept. appeared first on Employee Benefits.

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Hppy

MAY 29, 2018

Employers have the responsibility to accurately calculate payroll deductions and pay employee benefits taxes. To ensure your business runs smoothly keeping your employees happy is one of the most important things to keep on top of. These include Social security, Federal tax and state and local tax.

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Employee Benefits

NOVEMBER 22, 2023

According to the government, which announced the move in the Autumn Statement, this means the average worker earning £35,400 will receive a tax cut in 2024-25 of more than £450. Clare Moffat, pensions and tax expert at Royal London, said: “Ultimately, NI is another tax to be paid, so any saving is a good one.

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Employee Benefits

MARCH 25, 2024

Audit, tax and consulting firm RSM UK has appointed Dan Thompson as its new people partner in order to strengthen and lead its national talent team. The post RSM UK appoints Dan Thompson as new people partner appeared first on Employee Benefits.

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WEX Inc.

AUGUST 29, 2023

There is a wide range of potential treatments and services, including: In vitro fertilization (IVF) Fertility medications Diagnostic testing Egg freezing Fertility counseling and consultations Adoption assistance And more What fertility treatment does an HSA or FSA cover? It is not legal or tax advice. Here are a few to-dos for you.

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Flexible Spending Account Health Savings Account Flexible Spending Medical 98

Employee Benefits

MAY 16, 2023

Matt Russell, CEO of employee benefits platform Zest, says: “These are popular benefits but are currently underused, often due to a lack of simplicity in actually claiming the discount or a lack of engagement with the platform provider.” Tax-free childcare can also be used to achieve the same savings.

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Employee Benefits

MARCH 4, 2024

Two new limits will be introduced in April to control tax relief on pension lump sums. The lifetime allowance (LTA) is the total value an individual can build up in their combined pension savings without incurring a tax charge: for most people in the tax year 2023/24 this is £1,073,100.

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Employee Benefits

NOVEMBER 15, 2023

For example, instead of using the words ‘pensions’ and ‘retirement’ which can have negative connotations, employers could use ‘long-term savings’, says  Emma Hadley, head of pensions, employee benefits division at Howden Employee Benefits and Wellbeing.

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Employee Benefits

DECEMBER 13, 2022

The off payroll working rules, often referred to as IR35, were changed for the public sector in 2017, when liability for determining the tax position fell to the entity engaging the consultant. To assist businesses, the government introduced its own SDA, known as ‘check employment status for tax’ (CEST).

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Employee Benefits

OCTOBER 6, 2023

The majority (85%) of organisations plan to enhance their benefits packages for employees, according to research by HR and employee benefits consulting services firm Gallagher. The post 85% of employers plan to further enhance their benefits packages appeared first on Employee Benefits.

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WEX Inc.

OCTOBER 5, 2023

When it comes to navigating the world of employee benefits, there's a lot to take in, especially if you're a first-timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.

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WEX Inc.

FEBRUARY 23, 2023

And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. Or watch our Season 5 opener of our Benefits Buzz podcast to learn more participant tips for starting off your benefits plan year! It is not legal or tax advice.

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Employee Benefits

SEPTEMBER 4, 2023

Pay scales for consultants will also increase by 6%, resulting in a £93,600 starting basic full-time pay. Along with on-call payments, the average consultant’s NHS earnings will increase to £134,000 a year. Some staff will also benefit from performance pay , overtime, pay progression and pay rises from promotions.

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WEX Inc.

JULY 9, 2023

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. Contributing to this benefit reduces taxable income and spreads the benefits of pre-tax dollars throughout the year, helping you save 30 percent or more on your dependent care costs.

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Employee Benefits

NOVEMBER 6, 2023

Image Factory/shutterstock_1864249615 Need to know: Employee benefits can play an important role in helping organisations meet their sustainability goals, as well as helping to attract and retain staff. Those working in HR and employee benefits roles are no exception.

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HR Digest

AUGUST 28, 2023

A traditional 401k is typically offered by employers to their employees. The tax treatment for both types of plans is the same. If you are an employee, a traditional 401(k) may be a good option for you. You should consult with a financial advisor to determine which type of plan is right for you.

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Employee Benefits

SEPTEMBER 20, 2023

Employees pay 5% so this equates to an extra £312 a year, but after-tax relief, this is just over £20 a month. The next step is to implement the changes, and the expectation is that the government will consult on an implementation plan imminently. But with employer contributions, this will be boosted by £499 a year extra.

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Pension Consulting Government Taxes 59

Employee Benefits

FEBRUARY 26, 2024

Peppy offers one-to-one support with fertility experts via a chat function or a virtual consultation. On average for every £1 spent on Hertility Reproductive Health benefits, organisations can see a £6 return in reduced absenteeism, presenteeism and turnover. Are there any tax or legal issues?

Medical 59

Medical Consulting Taxes Education 59

WEX Inc.

SEPTEMBER 25, 2023

It’s complete with information guides, handouts, and videos to help you prepare for open enrollment and communicate the true value of employee benefits. It is not legal or tax advice. For legal or tax advice, you should consult your own counsel. The information in this blog post is for educational purposes only.

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Employee Benefits

DECEMBER 6, 2023

Following its call for evidence on consolidating small pension pots earlier this year, the Department for Work and Pensions (DWP) is launching a further consultation on proposals to introduce a lifetime provider model. The consultation on this and other measures closes on 24 January 2024.

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Pension Consulting Insurance Government 111

Employee Benefits

NOVEMBER 9, 2023

Its announcement follows a consultation earlier this year that sought views on reforms to the Working Time Regulations, holiday pay, and the Transfer of Undertakings (Protection of Employment (Tupe)) Regulations. The post Government to legislate to retain rolled-up holiday pay appeared first on Employee Benefits.

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WEX Inc.

AUGUST 10, 2023

Thanks to the (CARES) Act , you can use HSA or FSA pre-tax dollars to purchase over-the-counter medications with your pre-tax dollars — these include allergy medicine , pain relievers , heartburn medication , acid reflux relief and cold and flu remedies. It is not legal, financial, or tax advice. OTC medicines.

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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.

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Benefit Resource Inc.

NOVEMBER 29, 2023

The importance of employee benefits should not be underestimated. There are any number of employee benefits you can take advantage of which either contribute to your financial security or provide you more time to enjoy the little things in life. Use paid time (and personal savings) for a relaxing vacation.

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401(k) Medical Retirement Plan Health Savings Account 98

Employee Benefits

MAY 22, 2023

PMI is a type of insurance designed to cover medical expenses incurred during illness or injury, such as operations, consultations, diagnostic investigations and tests. Are there any tax or legal implications? As with any large employee benefits spend, it is important that employers seek tax advice ahead of picking a PMI policy.

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WEX Inc.

FEBRUARY 15, 2023

A medical FSA is a tax-advantaged employee benefit that gives participants the opportunity to save on out-of-pocket medical, dental, and vision eligible expenses. Your annual election amount comes out of your paycheck, and these pre-tax dollars are deposited directly into your FSA to be used on eligible expenses.

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Snell & Wilmer Benefits

JANUARY 26, 2024

the name and contact information of any advisors or tax preparers who advised or assisted with the claim and details about the services provided, etc.); (3) pay back 80% of the ERC received; and (4) sign a closing agreement. Additional details about the ERC can be found here , here , and here.

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Business Management Daily

APRIL 25, 2024

Let’s talk about the different types of fringe benefits and how employers can make the most of them. Taxable vs. Non-taxable Benefits are always tax-deductible, aren’t they? Employees can be taxed on some high-value benefits when they are considered part of the employee’s compensation package.

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