Fri.Oct 14, 2022

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Are Reimbursements Taxable?

Patriot Software

Sometimes, an employee might pay for a business expense out of their own pocket. When that happens, you can reimburse the employee. An employee expense reimbursement does come with some complications. Are reimbursements taxable? Do you need to report the reimbursement? Find out below. What are expense reimbursements? Reimbursements are a way for you […] READ MORE.

Payroll 69
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Two More District Courts Reject ERISA Fee and Performance Claims as Insufficient

Proskauer's Employee Benefits & Executive Compensa

Two recent district court decisions add to the growing number of courts granting motions to dismiss putative ERISA class actions challenging defined contribution plan fees and investment performance. These decisions from the Eastern District of New York and the Eastern District of Wisconsin are the latest victories for defendants at the motion to dismiss stage in this arena, and come on the heels of multiple similar decisions in the Sixth and Seventh Circuits (discussed here , here , and here )

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Do Employers Have to Give Pay for Jury Duty Leave?

Patriot Software

When an employee is called to serve on a jury, it can be a strain on your business. You might need to adjust schedules to fill the employee’s absence. Product creation or services might be disrupted. When your employee is fulfilling their civic duty, your business doesn’t stop. But, when an employee is on jury […] READ MORE.

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How to Express Emotions at Work: Keeping Your Cool

BetterUp

Jump to section. Reasons to express emotions at work. How to get better at expressing emotions. How do emotions work? Bottling your emotions hurts your wellness. It’s okay to express your emotions.

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The Ultimate Performance Review Checklist

Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.

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What Is Workers’ Compensation Fraud?

Patriot Software

Accidents can happen in the workplace. When an employee gets a work-related injury or illness, your business could be on the line. Workers’ compensation insurance protects you by reimbursing employees when accidents take place. But, employees, employers, and even health care providers can take advantage of the system by committing workers’ compensation fraud.

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What Is an Apprenticeship, and How Does it Work?

Patriot Software

You might be familiar with apprenticeships but not realize how many industries depend on them to thrive. Did you know that apprenticeships are becoming increasingly popular in the United States? You can create apprenticeship programs at your small business, too! In fact, apprenticeships help more and more businesses employ skilled workers who meet their needs. […] READ MORE.

IT 88
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CEBS Impact: Graduates Share Their Experience

International Foundation of Employee Benefit Plans

Learn how earning the CEBS designation impacted graduates' careers. The post CEBS Impact: Graduates Share Their Experience appeared first on Word on Benefits.

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What Percentage of Health Insurance Do Employers Pay?

Patriot Software

Offering employer-sponsored health insurance keeps your employees healthy and happy. If you’ve decided to provide coverage, you might be wondering, “What percentage of health insurance do employers pay?” Learn what you must pay as an employer, and look at recent data on average costs. What percentage of health insurance do employers pay? The employer portion […] READ MORE.

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How Personal OKRs Can Benefit an Individual and Impact the Organization 

15Five

In 1962 while touring the NASA space center, President John F. Kennedy met a janitor who was sweeping the floor. “Hi, I’m Jack Kennedy. What are you doing?” the President asked. “Well, Mr. President,” the janitor replied, “I’m helping to put a man on the moon.”. Clear goals that contribute to the company’s mission help focus an employee’s efforts and spur higher performance.

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Want To Enhance Your Total Rewards To Achieve Organizational Success? Start Here.

Are you looking for ways to enhance your employee value proposition? Gallagher Better Works SM Insights has got you covered! Dive into the latest magazine issue and discover how flexibility, equity, recognition and strategically applied resources can improve your total rewards package. Download the PDF to learn more about: Building retirement benefits for a global and mobile workforce Promoting employee and organizational growth through succession planning Empowering women in leadership through

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What Retirement Plans Can You Offer to Your Small Business Employees?

Patriot Software

Have you avoided retirement plans because of the large fees and time-consuming administration? If so, I’m happy to tell you that things have changed. There are more options than ever, including a plan that has no fees or recordkeeping requirements for employers. In fact, the DOL warns that in the near future, you may no […] READ MORE.

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What are the six steps in a performance appraisal?

HR Digest

Job appraisals are done for the benefit of both a company and its employees. The growth and success of a company lie in the abilities of its employees and that’s why career development is necessary. . A job performance review helps employers to determine the strengths and weaknesses of their employees. It is a great tool for reaching expectations and going beyond.

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The Payroll Compliance Checklist You Need to Use

Patriot Software

Payroll compliance isn’t a once-per-year task you can easily check off. Remaining compliant is a big job. You must make sure your business is compliant with all payroll laws year-round. You can make payroll compliance easier and less stressful by doing tasks throughout the year. In fact, there are some tasks, like filing taxes, that […] READ MORE.

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When are 1099s due? 1099-NEC, 1099-MISC, and additional forms

Business Management Daily

Not all businesses will need to file 1099 forms. However, for those that do, it’s important to meet the IRS deadlines, whether paper filing or e-filing. Not doing so, and not filing for extensions, will land you with fines and draw unwanted attention. The due date for 1099s will vary based on the particular form you need to use, as well as how you file.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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What Is Schedule A (Form 940)?

Patriot Software

Are you a small business owner with employees? Even if you had only one worker this year, you need to manage your FUTA taxes, and send Schedule A and Form 940 to the IRS. What is Schedule A (Form 940)? Schedule A (Form 940) is a supplemental form that you attach to Form 940. You […] READ MORE.

Taxes 75
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5 ways to foster employee loyalty (and why you should)

BetterUp

Have you ever considered employee loyalty to be an essential component of your business? The truth is, it’s vital. Employees who are committed to the company are more likely to do their jobs well and remain with the company long-term — which makes them extremely valuable to a company’s success.

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Do I Need to File Form 8027?

Patriot Software

In some industries, employees earn the bulk of their wages from tip income rather than hourly or salary pay. If you own a food or beverage establishment, your employees likely earn tips. Like regular pay, you still need to withhold taxes on tip income. And, you need to report tip earnings on Form 8027. What […] READ MORE.

Food 75
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2022 mini-budget summary – how will the changes impact payroll professionals?

cipHR

On 23 September 2022, the chancellor of the exchequer, Kwasi Kwarteng, announced a series of economic policies in a “mini-budget” (not being an official budget statement) which was unveiled against the backdrop of a cost of living crisis. The announcements made in the mini-budget had a significant impact on payroll calculations, in an already unusual year.

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An HR Leaders Guide: 7 Questions To Ask When Developing Your Cancer Strategy

As HR and Benefits leaders are in the midst of evaluating cancer care solutions and designing their requirements for vendors, it’s key to know what questions to ask to ensure the development of a truly comprehensive strategy: from prevention to diagnosis to treatment to survivorship. Getting to the right answers starts with asking the right questions: How can better access improve engagement?

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Form W-2 Box 12 Codes and Explanations

Patriot Software

Each year, you need to file Form W-2 for your employees. You might need to use Form W-2 Box 12 codes to accurately fill out Form W-2. If you are not familiar with Box 12, there are currently 26 codes to report certain compensation and benefit amounts. The codes range from life insurance coverage to […] READ MORE.

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Wage Freezes: Don’t Freeze Up When Breaking the News

BerniePortal

Wage freezes aren’t uncommon in most organizations; however, delivering the news isn’t fun for leadership and HR teams. If your organization is gearing up to implement a wage freeze, you may be looking for tips on communicating the news effectively and compassionately with employees. Here’s how to be prepared when breaking the news to employees, ensuring your leadership team doesn’t freeze up.

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Ohio Requires Additional School District Reporting on Form W-2

Patriot Software

If you have an employee in Ohio, you need to include the Ohio school district number on Form W-2. The Ohio Department of Taxation is requiring this change to help reduce the number of reporting errors on individual income tax returns. Read on to learn more about this requirement. Form W-2 reporting requirement in Ohio […] READ MORE.

Taxes 71
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NJ Issues Stop-Work Orders for Lack of Workers’ Compensation Insurance

Workers' Compensation

Enforce continues at a rapid pace in New Jersey for failure to comply with the state’s labor laws. The New Jersey Department of Labor and Workforce Development (NJDOL) issued stop-work orders to contractor HESP Solar L.L.C. of Montvale and subcontractor Patriot Iron Works of Gaithersburg, Maryland, who were working on a project at Belleville High School.

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The Complete People Management Toolkit

From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.

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Apprenticeship vs. Internship

Patriot Software

If you have ever seen the TV show The Apprentice or the movie The Internship, you know how common an apprenticeship or internship is in popular culture. But, do you know why these positions can be helpful to your small business? They aren’t only beneficial to workers. Employers benefit from having an apprentice or intern […] READ MORE.

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The cost-of-living concerns that Brits are Googling the most

cipHR

New research by HR and payroll software provider Ciphr has revealed which aspects of the cost-of-living crisis are worrying Brits the most, as living costs soar and many workers’ real incomes decline. Given the uncertain economic outlook in the UK over the past year, and for the foreseeable future, it’s perhaps not surprising that so many more people have turned to search engines, like Google, to keep informed about the cost-of-living crisis and potential changes to their essential household bil

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What Is the Fair Credit Reporting Act?

Patriot Software

Before hiring a new employee, employers typically run background checks, or consumer reports, on the individual. The consumer report can reveal information like the applicant’s criminal and public records, as well as their credit report. But before looking into an individual’s credit, you need to know about the Fair Credit Reporting Act. What is the […] READ MORE.

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7 tips to help employers and employees optimize HSAs

Employee Benefit News

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6 Steps to a Better Compensation Strategy

Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Whether you already have a compensation strategy in place or you’re building one from scratch, this guide will help you level up your approach through these 6 steps: 1.