Patriot Software

OCTOBER 17, 2022

Two common retirement plans for employees are individual retirement arrangement/account (IRA) plans and 401(k) plans. Maybe you are considering establishing a Roth, or post-tax contribution, retirement plan. What is the difference between Roth IRA […] READ MORE.

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Business Management Daily

JANUARY 5, 2023

Congress has chosen to pay for it by mandating that plans offering certain 401(k) features, like catch-up contributions, be made on an after-tax, Roth basis. Every mention of the word “Roth” will require significant adjustments to your payroll system to accommodate after-tax withholding. Roth 401(k) provisions.

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Business Management Daily

MARCH 21, 2022

It is worth noting that Simple 401(k)s do have lower contribution limits though, so employees may not be able to set aside as much as they would like. Roth 401(k). A Roth 401(k) is another option with different tax implications. Choose a 401(k) partner.

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401(k) roth 401(k) Retirement Plan Deductions 52

Genesis HR Solutions

SEPTEMBER 22, 2020

There is risk involved in sponsoring a 401(k) Plan— we discuss this in detail in this article. There are several other types of retirement plans to consider, including Simple IRA, Roth 401(k), and more. Making sure payroll deductions are correct. Additional Benefits To Consider. Contract negotiations.

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Business Management Daily

NOVEMBER 12, 2019

Which means now is the perfect time to think about the impending payroll year-end season. Payroll ’s annual year-end trek crosses many corporate boundaries. Here are some key year-end payroll tasks: Balance and reconcile amounts in calendar quarters to each other and to W-2s, payroll reports, and W-3s.

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Empuls

JULY 11, 2023

The premiums paid by employees for employer-sponsored health insurance are typically exempt from income and payroll taxes. Additionally, Roth retirement accounts offer unique tax advantages. Contributions to Roth 401(k)s or Roth IRAs are made with after-tax dollars, meaning they are not tax-deductible upfront.

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