PayrollOrg
FEBRUARY 5, 2022
Recent legislation delays the collection of the employee-paid payroll tax to fund the Washington long-term care insurance plan until July 1, 2023. Employers must refund the payroll tax already collected to employees.
PayrollOrg
JANUARY 25, 2022
The governor of Washington has announced a delay collecting the payroll tax associated with the Washington long-term care insurance program until April 2022.
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PeopleKeep
MAY 14, 2024
Instead of offering a costly group health plan, one tactic they may consider is offering to pay employees' individual health insurance costs. While it may seem like a generous and attractive perk for employees, employers need to consider several factors before deciding to pay for individual health insurance plans.
Money Talk
MARCH 22, 2023
With 2022 income tax season well underway and almost three months already passed in 2023, now is an appropriate time to review some evergreen tax planning tools and techniques. A larger standard deduction means that taxpayers can shelter more income from income taxes. an elective surgery) that exceed 7.5%
McDermott Will & Emery Employee Benefits
AUGUST 10, 2023
In light of recent Internal Revenue Service (IRS) guidance, employers should carefully examine any supplemental health plan, program or arrangement (which may or may not claim to leverage fixed indemnity insurance) that promises substantial payroll tax savings.
Employee Benefits
MARCH 6, 2024
Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April. This means that a person on the average wage now has the lowest effective personal tax rate since 1975. But as always, the devil is in the detail. a month and £125.60 respectively.
Employee Benefits
FEBRUARY 21, 2024
The new year has already brought some welcome news for employees, with the cut in employee national insurance contributions (NICs) from 12% to 10%. Furthermore, the cut must be viewed in the context of a creeping counterbalance known as fiscal drag, caused by the government’s freeze in the tax and NIC thresholds until April 2028.
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