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Tax-deductible Donations to Ukraine: Employee PTO Donations

Patriot Software

Employees can make PTO donations to Ukrainian refugees to help raise money for those in need. Russia’s invasion of Ukraine has people across the U.S. thinking of ways to donate to the Ukrainian people. Businesses giving charitable donations, like money and property, are common. But, there are other ways to contribute.

PTO 80
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Rethinking benefits and PTO in light of the COVID-19 crisis

Business Management Daily

Paid vacation and PTO. Though many workers have additional paid time off available and would benefit from using it to rejuvenate, getting employees to take PTO during the crisis can prove challenging. Employers also realize that an abundance of unused PTO could cause problems down the line.

PTO 89
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Why your use-it-or-lost it PTO policy isn’t working

Business Management Daily

Warning: You’ll run head long into a Payroll and HR catastrophe if you have a use-it-or-lose-it PTO policy. PTO possibilities. Work with employees to develop personal PTO plans. PTO policy choices. PTO options notwithstanding, now may be the perfect time to take a critical look at your PTO plan. Reason No.

PTO 52
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Your 2021 payroll questions answered.

Business Management Daily

COBRA tax credits. Our COBRA carrier has provided us with a report detailing the company’s eligibility for the COBRA tax credit for the second quarter. This setup will function well for employees who don’t live in states with local taxes. If you take the tax credit, you’re not entitled to a tax deduction for the same wages.

Payroll 156
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Can You Ask Your Employees The Details of Using PTO?

Abel HR

And once again, the answers are about as clear as mud when it comes to the topic of asking employees to provide details about their use of PTO! But what if you’re one of the many companies that rolls your sick time and vacation time into an elusive paid time off (PTO) bank? The post Can You Ask Your Employees The Details of Using PTO?

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How to Handle Taxes on Vacation Payout

Patriot Software

Many business owners give their employees paid time off (PTO) or vacation pay throughout the year. At the end of the year, employees can either cash out, roll over, or lose unused time. If you allow employees to cash out their unused vacation time, you need to know how to handle the payout. Luckily, the […] READ MORE.

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Examples of fringe benefits by category

Business Management Daily

Deductibles can be paid with tax-advantaged/tax-free spending accounts funded by employees and employers. It’s also worth noting that some fringe benefits are tax-deductible for employers depending on how much value they add to an employee’s compensation package. Let IRS Publication 15-B be your tax guide to fringe benefits.