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Financial Aspects of “Unretirement”

Money Talk

Tax on Social Security Benefits - Income from unretiring may push older taxpayers into the income range where tax is due on a portion of Social Security benefits. Tax Withholding Adjustments - Adding income from employment to what could be multiple streams of income in later life (e.g., food, gas, utilities, housing, etc.)

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A Comprehensive Guide to Payroll Taxes Paid by Employers

Qandle

Payroll taxes are a crucial aspect of every employer’s financial responsibilities. These taxes are collected to fund various government programs and benefits, including Social Security, Medicare, and unemployment insurance. These withheld taxes are then remitted to the Internal Revenue Service (IRS) on a regular basis.

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

Employers can support them by providing employee financial wellness programs that help workers manage their money and take control of their finances. Why Employers Should Care About Financial Wellness According to Capital One, 73 percent of people say their finances are a major cause of stress.

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Taking a Holistic Approach Business Succession Planning

AssuredPartners

Estate planning that maximizes growth and minimizes taxes should be top of mind for business owners. Deferred compensation plans, Section 162 bonus plans, split-dollar life insurance policies, and disability insurance all provide incentives for key executives to stay with the firm after the founder has left.

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How to offer health insurance as a small business

Higginbotham

However, employee recruitment and retention aren’t the only reasons to offer health insurance. Although it may seem easier to boost wages and forget about employee benefits, due to potential tax breaks, offering health insurance can be a financially sound strategy. A SHOP-registered insurance agent can help you enroll.

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Prioritize Financial Well-being in the Workplace

Empuls

  💡 45% of workers say their finances pose a distraction at work. Financial wellbeing refers to being secure and in control of your finances, both in the present and future. Since they are tax-exempted, they also lower the employee's average tax bill by reducing the taxable income.

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5 steps to more financially stable employees

Insperity

When an employee is worried, unproductive and can’t afford to participate in group activities and outings because of finances, it not only affects the person but the team as a whole. Offer disability insurance for added peace of mind. Addressing the issue: Where to start. Life can happen in an instant. Everybody wins.

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