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The A-Z of payroll outsourcing UK

cipHR

If you’re considering payroll outsourcing UK, it’s likely you will encounter plenty of jargon on your journey to finding the right outsourced payroll provider. Don’t forget to check out our top 10 tips for choosing the right outsourced payroll company. These are sometimes taxable, which means they will appear on payslips.

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Employee personnel files — what should and shouldn’t be included

Business Management Daily

While some variance may occur between companies, certain papers commonly belong in these files and some definitely do not. Included material spans from initial application through leaving the organization. Some of the most frequent types of these files are: Medical records for paperwork related to: Personal medical information.

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Trends to watch for in 2020 at the IRS

Business Management Daily

Payroll has moved to center stage at the IRS. Most deal with implementing the Tax Cuts and Jobs Act: Guidance on the definition of “qualifying relative” for individual income tax purposes. Regulations on deducting employees’ meal expenses. New information return e-filing threshold of 100 or more forms. New Form 1099-NEC.

401(k) 52
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Employee Files: What to include, what to leave out, and what’s confidential

Business Management Daily

Besides that, your confidential medical records will let you know if any team members have disabilities that you need to consider when planning and assigning tasks. If so, then you’ll definitely want to have the proper documents on-hand to defend your managers. Here’s what you’ll need to include in your confidential employee files.

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It’s time to review (or create) your document retention policy

Business Management Daily

Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out. Employers covered by the Family and Medical Leave Act ( FMLA ) are required to make, keep and preserve certain records pertaining to their obligations under the law.

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What employees expect from benefits packages

Business Management Daily

Someone definitely could view an employee benefits package that lacks health insurance or paid sick days as a reason to not accept an offer of employment. Despite the emergence of the healthcare marketplace, people still look to their employer as the first and most cost-effective choice for medical insurance. Extensive maternity care.

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (the “ARPA”) into law. All group health plans that provide major medical benefits subject to federal COBRA rules are subject to the ARPA COBRA rules. Subsidized COBRA. The ARPA contains several new rules which impact COBRA benefits.