HR Digest

MAY 29, 2023

Unemployment insurance The Federal Unemployment Tax Act (FUTA) requires employers to pay a federal and state unemployment tax to the Department of Labor, this provides wages, training, and career guidance to employees in event of job loss due to no fault of their own. Most of these fringe benefits are taxable, barring few exceptions.

Family and Medical Leave Act 98

Family and Medical Leave Act Paid Vacation Benefits Package Health Insurance 98

Business Management Daily

APRIL 29, 2024

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. By offering perks such as gym memberships and plenty of vacation time, companies can sweeten the deal for prospective new hires and attract top talent.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

Business Management Daily

AUGUST 10, 2021

Knowing whether the IRS views someone as your employee or as an independent contractor dictates tax obligations and associated paperwork, namely whether you bear responsibility for filing a W-2 or a 1099 for the individual in question. The state, city, or local tax department gets Copy 1. Copies B, C, and 2 go to the employee.

Taxes 52

Taxes Paid Vacation Retirement Plan Health Insurance 52

Empuls

SEPTEMBER 20, 2021

Employee benefits also known as fringe benefits, as defined by the US Dept of Labor, are government-mandated, non-wage employee compensation, over their salaries and wages, that can be both financial and non-material. Apple offers its employees extended paid vacations while their medical coverage plans include fertility treatments.

Paid Vacation 52

Paid Vacation Paid Leave 401(k) Bonuses 52

Business Management Daily

JULY 8, 2020

Also, since the IRS has permitted medical plans governed by Section 125 provisions to offer additional periods to enroll into plans outside the already defined qualifying life events, many HR reps are busy passing this information along to employees who may want to take action. Paid vacation and PTO.

PTO 89

PTO Paid Vacation Medical Benefit Providers 89

Business Management Daily

SEPTEMBER 15, 2021

To qualify as such, the government states the plan must “pay at least 60% of the total cost of medical services for a standard population” and “include substantial coverage of physician and inpatient hospital services.”. Paid sick days encourage ill workers to stay home. They come back to the office more refreshed and productive.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Empuls

APRIL 28, 2023

7 Tax-saving benefits for employees There are several tax-saving benefits available for employees that can help reduce their tax liabilities. The contributions made towards the pf are eligible for tax deduction under section 80c of the income tax act, 1961. In addition, an additional tax deduction of up to rs.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Parental Leave Benefits Package 40