HR Bartender

APRIL 16, 2017

One very important partnership that we haven’t spent much time covering is the partnership between human resources and payroll. To help us figure this out, I asked Kellie Jones, senior director of products, pay, and tax at Ultimate Software , if she would share her expertise. Kellie, it might be helpful to start with a few definitions.

Taxes 138

Taxes Recruitment 401(k) Payroll 138

AssuredPartners

SEPTEMBER 11, 2023

Set to begin on January 1, 2024, employers covered under the new law certain employers located within designated Illinois counties and townships, as discussed further below will be required to provide a pre-tax commuter benefit allowing covered employees to utilize pre-tax dollars to purchase a transit pass via a payroll deduction.

Taxes 52

Taxes Transportation Deductions Deductible 52

Genesis HR Solutions

MARCH 31, 2022

In this article, we’re honing in on one of the most important aspects of working with a PEO—the tax perspective. Not realizing the importance of details related to finances, payroll, and taxes presents one of the biggest risks for growing companies. Tax/Financial Differences Between Working With A PEO Vs. A CPEO.

Taxes 52

Taxes Professional Employer Organization Finance 401(k) 52

HR Lineup

JULY 21, 2023

Definition and Core Function: Employer of Record (EOR): An Employer of Record is a third-party entity that takes on the legal responsibility for employing workers on behalf of a client company. EORs manage all aspects of HR administration, payroll, benefits, tax compliance, and other employment-related functions for the workers.

Employment 83

Employment Taxes Payroll Payroll Manager 83

Stratus.HR

JUNE 28, 2021

The IRS recently announced that its program to provide advanced monthly payments of 2021 Child Tax Credits will begin in July. What is the Child Tax Credit? The Child Tax Credit is something a taxpayer typically claims when filing taxes. Not sure whether you qualify for the Child Tax Credits?

Taxes 57

Taxes Paid Leave Consulting Employee Retention 57

Proskauer's Employee Benefits & Executive Compensa

MARCH 16, 2023

In the wake of the recent news of bank failures, businesses—and their investors—are rightly concerned about the implications of a missed or delayed payroll. Obligation to Make Payroll Under federal and most state laws, employers have both timing-of-pay and frequency-of-pay obligations.

Banking 52

Banking Payroll 401(k) Health and Welfare 52

InterWest Insurance Services

JULY 26, 2022

Increased employee loyalty — especially after someone on the payroll has a claim and word gets out that these valuable benefits kicked in. Tax-deductible premiums. No prior year tax returns or income verification are required. More restrictive definitions. Easy, streamlined administration. List billing.

Disability Insurance 95

Disability Insurance Insurance Carriers Insurance Deductions 95

Money Talk

DECEMBER 21, 2022

Dollar-cost averaging works best if investment deposits are “automated,” such as authorizing 401(k) plan payroll deductions or automatically debiting a bank account monthly for mutual fund share purchases. For additional definitions of financial and investing terms, review this glossary from Rutgers Cooperative Extension.

401(k) 176

401(k) Banking Food Deductions 176

Workers' Compensation Perspectives

SEPTEMBER 30, 2019

“Payroll” used to have a simple meaning. According to the Online Etymology Dictionary: payroll (n.) For workers’ compensation, payroll can have different meanings depending on your jurisdiction and whether you are a worker or an employer. Rules in different jurisdiction may use different terms to describe or define payroll.

Workers’ Compensation 52

Workers’ Compensation Payroll IT Overtime 52

Snell & Wilmer Benefits

JUNE 23, 2023

Participants can elect whether to make catch-up contributions on a pre-tax and/or a Roth basis. This definition will likely differ from the definition of “compensation” or “wages” that many employers currently use under their plans and will require them to keep track of yet another dollar limit. As of January 1, 2024, SECURE 2.0

Retirement Plan 52

Retirement Plan Payroll Taxes Employment 52

Patriot Software

OCTOBER 20, 2022

Non-taxable wages are wages given to an employee or individual without any taxes withheld (income, federal, state, etc.). The IRS definition of a non-taxable wage and other tax-exempt income is fairly narrow. However, most wages that you pay out to your employee(s) are taxable. So when are wages non-taxable?

Taxes 76

Taxes Payroll 76

PeopleStrategy

NOVEMBER 7, 2023

Especially as you work through recognition programs, you can add to them with a review of your organization’s core values and definition of employee engagement initiatives. Employee bonuses and payroll. Any unused time off that can be paid out will need to be reviewed and added to the payroll, if applicable.

Payroll 52

Payroll Bonuses Employee Compensation Recruitment 52

Business Management Daily

MAY 9, 2022

Terms and definitions. Conduct the HR orientation to orient the new employee with the timekeeping and payroll software , necessary paperwork, and internal resources. Provide each new hire with all necessary onboarding documents including i9 forms, tax forms, and the employee handbook acknowledgment form. Terms and definitions.

Payroll 72

Payroll Human Resources Finance Payroll Software 72

Business Management Daily

DECEMBER 8, 2023

This is the classic definition of a tax-free de minimis fringe benefit. And we are deeply sorry about this, but yes, you will need to play the Grinch and deliver the bad news to employees about taxes and require HR to keep track of who won what at the holiday party. Myth #3: Gift cards worth less than $75 are tax-free Again, no.

Taxes 52

Taxes Employment Management IT 52

Business Management Daily

JULY 23, 2021

Cubes and other communal workspaces notwithstanding, Payroll has traditionally been separated from the rest of the office for obvious reasons: employees’ privacy and the sensitivity of payroll data. A popular option for hybrid workforces is hoteling (I had to google for a definition) — employees reserve office space in advance.

Payroll 98

Payroll Work From Home Taxes Employment 98

Business Management Daily

JULY 3, 2023

If so, then you’ll definitely want to have the proper documents on-hand to defend your managers. Additionally, the IRS requires that employers hold onto tax documents for 4 years after the tax becomes due or paid, whichever occurs later. What types of tax records should you keep?

Family and Medical Leave Act 52

Family and Medical Leave Act Medical Banking Taxes 52

Business Management Daily

NOVEMBER 21, 2022

While some variance may occur between companies, certain papers commonly belong in these files and some definitely do not. Payroll records for money or pay-related information such as: Timesheets. Payroll deduction forms. You must keep a completed Form I-9 on file for each employee on your payroll. Criminal history.

Family and Medical Leave Act 121

Family and Medical Leave Act Human Resources Medical Health Insurance 121

Enjoy Benefits

JULY 19, 2023

In 2022 she commissioned her own study when she was unable to find ‘ definitive research’ into workplace retention of new mothers. “In In the four years I’ve been running the business, I’ve never managed to find definitive research into the extent of the problem,” Jen told Raconteur business magazine.

Commissions 52

Commissions Taxes Work From Home Payroll 52

Business Management Daily

AUGUST 8, 2022

As financial statements, tax returns, and similar types of records will be a concern for all organizations, including your CPA or a similar accounting professional on the team is a smart move. If you have employees, you must keep all employment tax records for at least 4 years after the date the tax becomes due or is paid, whichever is later.

Family and Medical Leave Act 105

Family and Medical Leave Act Taxes Deductions Deductible 105

Benefit Resource Inc.

MARCH 2, 2023

Commuter benefits are employer-provided benefits that help employees cover the cost of their commute, including mass transit and parking, on a pre-tax basis. As we mentioned previously, the biggest perk of commuter benefits is that they’re tax-free. That means employees can save up to 40% on their commute costs.

Taxes 52

Taxes Transportation Work From Home Payroll 52

Business Management Daily

MAY 6, 2020

Caution : There’s no definition of full-time equivalent employee for this purpose. Determine your 2019 state and local payroll taxes from all four state unemployment wages and tax reports. So count carefully. Determine 2019 employer retirement contributions from Form 1120, Line 23 or Form 1120-S, Line 17.

Health Insurance 52

Health Insurance Payroll Taxes Insurance 52

Business Management Daily

JANUARY 6, 2020

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. Employees may account for tax dependents in Step 3 of the 2020 W-4. New Form 1099-NEC. A BIT MORE THAN IT CAN CHEW?

401(k) 52

401(k) Family and Medical Leave Act Deductions Deductible 52

Higginbotham

OCTOBER 13, 2023

Both types of accounts allow employees to use funds without paying taxes on the money, as long as certain rules are met. With Lifestyle Spending Accounts, funds are taxed, but employers have more freedom to dictate how they want the accounts to be used instead of having to follow legally established rules. However, there’s a catch.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

Business Management Daily

JUNE 26, 2023

A fiscal year simply represents the 12-month period that a business uses for its accounting, taxes, and budgeting purposes. So whenever you hear someone talk about their fiscal year, they’re referring to the 12-month period they use for accounting and taxes. These types of business expenses are often tax deductible, which is a bonus.

Finance 105

Finance Banking 401(k) Deductions 105

Business Management Daily

SEPTEMBER 9, 2022

Hybrid work poses definite logistical problems, such as ensuring there’s a critical mass of people in the office to make coming in worthwhile. The vast universe of payroll issues comes to bear when employees are working under hybrid arrangements and they live in a different state from you: Must you withhold their home states income taxes?

401(k) 52

401(k) Deductions Deductible Work From Home 52

AssuredPartners

MARCH 8, 2022

The arrangement appears to be a very convenient solution made all the better by hiring the pilot as an independent contractor, thereby avoiding the administrative hassle of employment contracts, payroll deductions, and other costs associated with making him or her an “employee” Not so fast.

Workers’ Compensation 98

Workers’ Compensation Insurance Deductions Deductible 98

Business Management Daily

AUGUST 21, 2018

The Tax Cuts and Jobs Act added IRC §199A, which allows owners of pass-through entities to deduct 20% of their qualified business income on their 1040s. IRC §199A is a complicated provision, with some definite payroll implications. Here’s our take on the payroll-related provisions, in five not-so-frequently-asked questions.

Deductions 40

Deductions Deductible Payroll Taxes 40

Genesis HR Solutions

SEPTEMBER 22, 2020

This list of benefits (and their definitions) can help; compare the 16 types we’ve listed here to what you currently have available, and see if you’re offering things prospective employees are really looking for. Below, we’ve loosely categorized these types of employee benefits and given a basic definition of each. Medical Insurance.

401(k) 98

401(k) Employee Benefits Disability Insurance roth 401(k) 98

Business Management Daily

NOVEMBER 2, 2020

New Centers for Disease Control (CDC) guidelines offer an updated definition of “close contact.” For employers, the “close contact” definition comes into play when tracing contacts in the workplace. Sick children definitely qualify. The change may seem minor, but it will have a large impact on employer’s reopening plans.

Family and Medical Leave Act 98

Family and Medical Leave Act Paid Sick Leave Paid Leave Medical 98

Hppy

JULY 23, 2021

Managing payroll duties is one of the most demanding aspects of running a small business, and there are plenty of solutions which are tailored towards making this as speedy as possible. Use a paystub generator. Modern paystub generators are far faster than the manual alternative, while also promising to minimize errors as well. Go paper-free.

Employee Loyalty 62

Employee Loyalty Deductions Deductible Payroll 62

Genesis HR Solutions

JUNE 6, 2022

Professional Employer Organization (PEO): A Definition. Payroll, benefits, HR, tax administration, and regulatory compliance assistance are some of the many services PEO companies provide to growing businesses across the country.”. They don’t touch payroll, and their sole purpose is to help staff organizations.

Human Resources 52

Human Resources Professional Employer Organization Payroll Workers’ Compensation 52

Qandle

AUGUST 11, 2022

The processing of payroll is a vital function of every firm, despite the fact that it is not always the most interesting aspect of operating a business. Payroll system s have been in existence for a far longer period of time than any of us may be aware, extending all the way back to the 14th century.

Payroll System 98

Payroll System Payroll Payroll Software Software 98

Abel HR

DECEMBER 15, 2020

This article aims to give you a definition and show you how your business can benefit from one. It provides solutions for administrative assistance such as recruitment, payroll processing, benefits, and many other HR concerns. Payroll, taxes, workers’ compensation, and other expenses are usually rolled into one.

Human Resources 52

Human Resources Professional Employer Organization Payroll Insurance 52

AssuredPartners

MAY 18, 2020

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Insurance 52

Insurance Payroll Taxes IT 52

Abel HR

NOVEMBER 19, 2020

To be honest, in researching this topic, there was even LESS definitive information than we can typically dig up when it comes to these always murky topics. For us, it is both the close of the quarter and the end of year, and is a huge time for taxes, payroll, and renewals.

PTO 52

PTO Banking Medical Payroll 52

Business Management Daily

APRIL 10, 2020

Up to certain limits, employers may use the amount distributed to employees for paid leave as a refundable tax credit. Of course, that tax credit comes with some strings attached. Sick children definitely qualify. Consequently, employers have to meet Internal Revenue Service (IRS) guidelines when paying working parents.

Family and Medical Leave Act 52

Family and Medical Leave Act Paid Sick Leave Paid Leave Payroll 52

Business Management Daily

SEPTEMBER 15, 2021

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. These allow employees to save for their golden years while enjoying tax benefits now. The employee saves money because this set-aside money is not taxed. Commuter benefits.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52