article thumbnail

Recruit Better: Employee Discount Programs and Taxes

HR Bartender

Today’s reader question deals with that: I am trying to find out if employee discount programs that companies sign up for (to offer their employees discounts) have tax consequences for the employee and/or company when the discounts are redeemed. From a payroll perspective, are benefits, perks, and employee discount programs taxed differently?

Taxes 138
article thumbnail

Thirteen Miscellaneous Financial Nuggets from Recent Webinars

Money Talk

Bitcoin Basics - According to algorithms laid out in a 2008 white paper by Satoshi Nakamoto, there will be a finite number of bitcoins. Tax Diversification- Ideally, retirees should have savings in tax-deferred, taxable, and tax-free accounts (e.g., Each has a different type of tax treatment.

Taxes 187
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

If you want a high paying job, remote work is now less of an option

Workplace Insight

Other notable professions in the high salary bracket include software engineers, as well as tax and legal professionals. The medical field, in particular, dominates the list of top-paying roles, with doctors and dentists occupying six of the top twenty positions.

Salary 64
article thumbnail

4 HDHP trends you don't want to miss

WEX Inc.

Check out our free white paper about HDHPs, HSAs and retirement planning! It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. The information in this blog post is for educational purposes only.

article thumbnail

4 Compliance Strategies that Create Labor Efficiencies

HR Bartender

That includes compliance with employment tax payment and reporting rules with each of the various local, state, and federal agencies to avoid penalties. For example, tax credits often require records that document fulfillment of the credit. One of the most common employment tax credits is the Work Opportunity Tax Credit (WOTC).

Taxes 127
article thumbnail

Spring Budget 2023: Scheme launches to help disabled people to access work and support

Employee Benefits

Spring Budget 2023: Chancellor of the Exchequer Jeremy Hunt has introduced a government white paper on disability workplace reform, as part of an aim to address the two million people who are economically inactive due to disability or long-term sickness.

article thumbnail

Understanding Payroll Deductions and Employee Benefits Taxes

Hppy

Employers have the responsibility to accurately calculate payroll deductions and pay employee benefits taxes. These include Social security, Federal tax and state and local tax. As an employer, you are responsible to withhold and pay certain taxes. Your responsibilities include taxes, social security, and Medicare.