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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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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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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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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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Celebrate 19 Years of Health Savings Accounts

Benefit Resource Inc.

They are one of the most powerful tools available to employers, employees, and their families when saving on healthcare costs. The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 replaced the old medical savings account system with HSAs. Tax Benefits Of An HSA For Employers. Happy Birthday to HSAs.

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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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Employers: Help Your Employees Avoid HSA Challenges

Corporate Synergies

Health savings accounts (HSAs) continue to increase in popularity, but not without issues for both employees and employers. 1 That number is projected to keep growing as more employers offer high-deductible health plans (HDHPs) with HSAs. Problems for Employers. Solutions for Employers and Employees. billion to $43.5