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Employers ‘Unwavering’ in Providing Group Health Benefits: Research

InterWest Insurance Services

Employers since 2019 have been allowed to fund individual coverage health reimbursement accounts (ICHRAs) with pre-tax dollars for their employees to satisfy the Affordable Care Act’s employer mandate. Workers are required to use their ICHRA funds to purchase a plan on healthcare.gov or a state-run health insurance exchange. .”

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Buyer’s guide to car salary sacrifice schemes

Employee Benefits

The employee saves the income tax and national insurance (NI) contributions and the employer makes savings on the amount of salary that has been sacrificed. The employee gets a brand new, maintained car at corporate rates, and save most of the value-added tax (VAT) they would pay on a personal lease. What are the benefits?

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How Staff Benefits Improve Your Commute

Enjoy Benefits

Staff are able to access manufacturer discounts and then lease their vehicle through salary sacrifice. Car insurance, tax and maintenance costs are all included. There are also potential savings for you and your staff on National Insurance, tax, as well as fuel and parking costs. No deposit or credit checks are needed.

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Common Tax Forms Employers Need to Know: A Complete Guide

HR Lineup

In business operations, particularly for employers, navigating the intricacies of tax compliance is paramount. Understanding the various tax forms required by the Internal Revenue Service (IRS) is essential to ensure accuracy and avoid penalties. Employees complete this form to indicate their federal income tax withholding preferences.

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Workers’ Compensation: What’s payroll got to do with it?

Workers' Compensation Perspectives

A recent study of manufacturing hourly compensation demonstrated a similar pattern for the main components (social insurance, wages or salaries, and direct benefits) paid by employers in Canada and Australia: The main divisions of employer costs for employee compensation under the BLS study are wages or salaries and benefits.

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Workers’ compensation Insurance Arrangements: Does the model make a difference? Part 2

Workers' Compensation Perspectives

Some states allow for employer deductibles, effectively a form of self-insurance. Note: there are no similar employer deductibles in Canada]. States vary in their concentration of covered employment in sectors such as agriculture, manufacturing, construction, transportation, medical services, and advanced technologies.

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How Employee Perks Can Help Companies in the US

Vantage Circle

A 401(k) is a tax-advantaged retirement savings program provided by employers. In this, employees can elect to have a portion of their earnings automatically deducted from their paychecks and directed into their investment account. It is a cornerstone of American manufacturing and has a workforce of nearly 200,000 individuals.