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What Is a Qualified Retirement Plan?

HR Lineup

However, to qualify for such credits, your business must not have more than 100 employees who earned $5,000 gross pay the previous year. These tax credits come in handy in administration, especially on educating them about the plan. Your plan must also include at least one non-highly ranking employee.

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5 Payroll Features and Benefits to Consider When Shopping for Software 

Patriot Software

When you have employees, you need to pay them. Instead of manually calculating gross pay, payroll taxes and deductions, and net pay, you might opt for payroll software. With the right software, you can run payroll in minutes—not hours—each pay period.

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A Handy Guide to the Payroll Register

Patriot Software

Payroll has a lot of moving parts to keep track of: employee hours, gross pay, net pay, payroll taxes, employee deductions, employer contributions, and the list goes on. Seeing all of that information in one place would be a dream come true, right? That’s where the payroll register comes in.

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Gross pay vs. net pay: What's the difference?

PeopleKeep

Whether you employ hourly or salaried workers, you must understand the difference between gross and net pay. Understanding how certain deductions and your tax obligations factor into both gross and net pay can help you run a smooth payroll process.

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Are Payroll Deductions for Health Insurance Pre-Tax? The Answer You Need to Know

Patriot Software

If you have your employees contribute to their premiums, you have to know how to deduct the cost from their gross pay. Providing health insurance benefits to your employees can leave you with a lot of questions. But, are payroll deductions for health insurance pre-tax?

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Gross vs. Net Pay: What’s the Difference?

Patriot Software

Although it’s natural to have payroll questions when starting out, you can’t afford to get tripped up when it comes to gross vs. net pay. Knowing the difference between gross and net pay impacts employee wages, payroll withholdings, recordkeeping, and even employer laws.

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Philippa Cornish: How can reward and CSR strategies contribute to the levelling-up agenda?

Employee Benefits

Donations are tax-effective because they are taken from gross pay, which means the charity get more of employees’ donations and it costs the donor less. The offer of payroll giving facilitates regular employee donations to charitable causes they feel passionately about.

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