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What Are Payroll Deductions?

Patriot Software

You know there are deductions to take out of your employees’ paychecks. But, are they pre-tax vs. post-tax deductions? What are payroll deductions? Read on to learn the different deductions you have to take out of each employee’s paycheck. What are payroll deductions? Payroll deductions are […] READ MORE.

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Business Deductions: Get Your Arguments Organized

Kollath CPA

The operative word for business deductions is business. Tax Court to uphold a business-related deduction for surgical implants that enlarged her breasts. However, despite these career-enhancing changes, the IRS denied the deduction at first. Let us know if you have any questions about your business expense deductions.


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What's the Difference: Copays, Deductibles, Coinsurance


Copays, deductibles, and coinsurance are all out-of-pocket expenses that represent the portion that an individual is required to pay either before or after health insurance covers additional costs. Understanding how each works and what is required can help you choose the right plan for you and your family and plan better financially.

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Former hotel worker wins unlawful wage deduction case

Employee Benefits

An employment tribunal has ruled that a former hotel worker employed by Luxury Family Hotels was unfairly dismissed and had an unlawful deduction of wages. The tribunal judge ruled that unlawful deductions were made from Murphy’s pay and ordered the hotel pay her £3,044.18. A further claim of disability discrimination was thrown out.

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Small business tax credits and deductions you should know about

Business Management Daily

Tax credits vs. tax deductions The end result of taking tax credits and tax deductions is basically the same: You will pay less tax. But there is a difference between the two: Tax deductions reduce your taxable income. Any item you take as a tax credit can’t be used again as a tax deduction. In 2023, this amount is $2.89

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What is a no-deductible health plan?


One option that appeals to many employers is the no-deductible health plan. Because attracting and retaining talented workers is a high priority for many organizations, employers often look for the best health plan available. But, no-deducible health plans have high premiums, which may make them difficult for some employers to afford.

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Colin Godfrey: Supreme Court ruling on unlawful wages deduction from unpaid or underpaid holiday pay

Employee Benefits

In a judgment that will be welcomed, the Supreme Court has determined that, in a claim by an employee for an unlawful deduction of wages arising from unpaid or underpaid holiday pay , a series of deductions will not be broken by a gap of three months or more. This will usually be as a claim for an unlawful deduction from wages.