Remove 2003 Remove Employment Remove Taxes
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An Introduction to IRMAA

Money Talk

Many are middle income taxpayers who diligently saved and invested for 4-5 decades in tax-advantaged plans. As I wrote in my book Flipping a Switch , some older adults must “plan for higher taxes in the future, especially when required minimum distributions (RMDs) kick in.” IRMAA surcharges. to $573.30 for Medicare Part B and $12.40

401(k) 245
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What happens to HSA funds at the end of the year?

Benefit Resource Inc.

For many pre-tax benefit account holders, December marks the final month of benefit coverage in the current plan year. In 2003, Health Savings Accounts (HSA) were established, bringing forth a new pre-tax plan option that effectively eliminated the concerns over lost funds. Rollin’ rollin’ rollin’.

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HMRC publishes consultation on reporting salary advances

Employee Benefits

HM Revenue and Customs (HMRC) has published a consultation on proposed amendments to regulations that will allow employers to delay reporting advance salary payments made to an employee. HMRC has been contacted for comment prior to publication.

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Orbis Partners becomes employee owned

Employee Benefits

The organisation was launched in 1999 when James Grenfell and Chris Gregory set up Invex Partners, before being sold to Kroll Inc in 2003. Advised by Claritas Tax and Lodders, Orbis has now transferred majority ownership of the business to an employee ownership trust (EOT) for its 17 members of staff.

Food 59
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Payroll in the last 12 months: wage theft, legislation, natural disasters and global crises

Ascender

With this update, employers are required to provide written notice of employees’ annualised salary and maximum ordinary hours, with overtime applied to hours worked above the 38-hour workweek if overtime is not part of salary contract. This update makes getting pay right even more complicated for employers in 2020.

Payroll 52
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Tribunal finds account manager was subject to pregnancy and maternity discrimination

Employee Benefits

Heather Todd started working for the organisation in 2003. As a result of your misconduct, we have no choice but to terminate your employment with immediate effect.” Employment Judge Rogerson said: “The lack of transparency, any procedure and the timing of dismissal were all very suspicious.

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Payroll and the financial year that was: wage theft, legislation, and crises

Ascender

With this update, employers are required to provide written notice of employees’ annualised salary and maximum ordinary hours, with overtime applied to hours worked above the 38-hour workweek if overtime is not part of salary contract. This update makes getting pay right even more complicated for employers in 2020.

Payroll 52