WEX Inc.

MARCH 16, 2023

If you’re covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $3,650 per year (in 2022) into your health savings account (HSA). If you’re uncomfortable contributing the IRS annual max to your HSA through pre-tax payroll contributions, contribute what you are comfortable with.

Health Savings Account 98

Health Savings Account Deductible Deductions Healthcare 98

Benefit Resource Inc.

MARCH 20, 2019

Households released in May 2018. Before saving with an HSA, you need to make sure you take care of the following: Enroll in a High Deductible Health Plan (HDHP). An HSA is typically funded through payroll deductions. The money is directly sent from your employer to your HSA before you ever receive your payroll deposit.

401(k) 85

401(k) Deductible Deductions Health Savings Account 85

Business Management Daily

AUGUST 31, 2023

Expenses that could previously be deducted on an employee’s tax return may no longer qualify, and relocation benefits that previously could be paid out without counting towards a taxpayer’s income may now result in higher tax liabilities. Can employees deduct their moving expenses? Are moving expenses paid directly to vendors taxable?

Taxes 98

Taxes Deductible Deductions Bonuses 98

Ascender

OCTOBER 4, 2018

On 1 July 2018, the Australian Government implemented Single Touch Payroll (STP), a legislation that changed the way businesses report payroll information to the Australian Taxation Office (ATO). Activation is easy, done through Preceda’s Single Touch Payroll Configuration screen available in v15.3.

Payroll 53

Payroll Deductible Deductions Government 53

Benefit Resource Inc.

AUGUST 6, 2021

Download our full infographic below to learn about the actual cost of a free HSA: Despite a steady increase in consumer demand for health savings accounts, employers—even those that already offer an HSA-eligible high-deductible health plan—may struggle to see the value in offering an employer-sponsored HSA program. Cost #1: Show Me the Money.

401(k) 76

401(k) Health Savings Account Deductible Deductions 76

Ascender

FEBRUARY 28, 2018

Payroll is about to go through a tremendous legislative change on 1 July 2018 with the introduction of Single Touch Payroll (STP). The new legislation is a change in the way the Australian Government requires businesses to report payroll information to the Australian Taxation Office (ATO). Download our free whitepaper.

Payroll 45

Payroll Payroll Software Payroll Service Deductible 45

Workers' Compensation Perspectives

SEPTEMBER 30, 2019

“Payroll” used to have a simple meaning. According to the Online Etymology Dictionary: payroll (n.) For workers’ compensation, payroll can have different meanings depending on your jurisdiction and whether you are a worker or an employer. Rules in different jurisdiction may use different terms to describe or define payroll.

Workers’ Compensation 52

Workers’ Compensation Payroll IT Overtime 52

Business Management Daily

JANUARY 6, 2020

Payroll has moved to center stage at the IRS. Regulations on deducting employees’ meal expenses. This follows up on Notice 2018-76, which sets five criteria for corporate deductions for employees’ meals. Changes to watch for this year: Continuing fallout from the new W-4 and withholding methods. New Form 1099-NEC.

401(k) 52

401(k) Family and Medical Leave Act Deductible Deductions 52

cipHR

SEPTEMBER 3, 2018

As well as making life easier for HR and payroll teams, employees also appreciate the benefits of having instant access to their pay records online. Instead of looking through paper records for confirmation of their pay, they’ll just need to log into their self-service HR account to check details of pay, tax and deductions.

warehousing 61

warehousing Electronics Retail Deductible 61

Business Management Daily

APRIL 9, 2020

Tip: Technically, the payments are advances of refundable credits, generally based on your 2019 tax return (if you’ve filed it) or your 2018 return. Because of changes in the Tax Cuts and Jobs Act (TCJA), more taxpayers are claiming the standard deduction instead of itemizing. Postpone payroll taxes. Get tax rewards for charity.

Taxes 52

Taxes Deductible Deductions Retirement Plan 52

Business Management Daily

SEPTEMBER 10, 2019

On the downside, employees are still going to need to gather their pay stubs to complete entries about withholding from their most current check, year-to-date withholding and pretax deductions. This was Deductions in the calculator, but since most deductions have been wiped out, we’re left with adjustments.

Deductible 45

Deductible Deductions Taxes Pension 45

Workers' Compensation Perspectives

OCTOBER 29, 2019

A December 2018 slip and fall in a wet stairwell of her employer’s office building resulted in a back injury and a cracked rib. The formula for calculating net or spendable earnings may vary but is generally considered as Gross earnings less income taxes (state/federal/provincial) and other mandatory deductions.

Workers’ Compensation 52

Workers’ Compensation Salary Insurance Commissions 52

Ascender

FEBRUARY 9, 2017

Single Touch Payroll (Australia). In September , the Single Touch Payroll system received Royal Assent, meaning it’s time to begin preparing your systems for a new and more efficient reporting process for tax and superannuation information. Employers can begin switching over to Single Touch Payroll from 1 July 2017.

Parental Leave 49

Parental Leave Taxes Payroll System Payroll 49

Higginbotham

MAY 4, 2023

Data from the National Health Interview Survey shows that approximately 27 percent of nonelderly adults had a declinable health condition in 2018. The Convenience of Payroll Deductions When supplemental life insurance is available through work, employees often pay for coverage using payroll deductions.

Life Insurance 52

Life Insurance Benefits Package Insurance Employee Benefits 52

Business Management Daily

OCTOBER 5, 2020

This was done in response to the federal tax code from the Tax Cuts and Jobs Act, which was passed in 2018. Deductions. Employees can still choose an additional amount to withhold per payroll period, for any reason. Do I need two payroll systems – one for the new W-4 and one for the previous W-4? Other income.

Employment 52

Employment Payroll Deductible Deductions 52

Corporate Synergies

AUGUST 19, 2019

From 2008 to 2018, the total amount deposited in HSAs rose from $5.3 1 That number is projected to keep growing as more employers offer high-deductible health plans (HDHPs) with HSAs. Retained HSA assets have increased modestly—from 18% to 24% between 2017 to 2018—but the average HSA balance was just $2,144 in 2018.

Employment 40

Employment Health Savings Account Banking Deductible 40

Workers' Compensation Perspectives

AUGUST 22, 2019

The private category also had the lowest worker paid benefit per $100 payroll and the lowest employer cost per $100 payroll. Some states allow for employer deductibles, effectively a form of self-insurance. Note: there are no similar employer deductibles in Canada]. There are other employer costs.

Workers’ Compensation 52

Workers’ Compensation Insurance Payroll Medical 52

Benefit Resource Inc.

JANUARY 15, 2019

Compliance is possible through several means, one of which is providing pre-tax commuter benefits to employees through payroll deductions. The Senate of NJ passed Bill S1656 on September 27, 2018. It was then brought to the Assembly and reported out of Assembly December 10, 2018. Because your city could be next. (Or,

Deductible 40

Deductible Deductions Transportation Taxes 40

PeopleStrategy

NOVEMBER 12, 2019

In comparison, in 2013, the agency conducted approximately 3,000 audits which was the single-year record until 2018, according to The Associated Press. Payroll compliance checks. Then you must handle similar tasks for any contract employees you have on your staff.

Overtime 56

Overtime Payroll Employee Enrollments Deductible 56

Genesis HR Solutions

JUNE 28, 2021

In 2018, Massachusetts signed into law a statute that provides paid family and medical leave (PFML) benefits to workers. Employers are responsible for remitting the full contribution to the department but may deduct from an employee’s wages to cover the employee’s share. Interested in learning more?

Family and Medical Leave Act 52

Family and Medical Leave Act Parental Leave Employment Medical 52

Genesis HR Solutions

JUNE 28, 2021

In 2018, Massachusetts signed into law a statute that provides paid family and medical leave (PFML) benefits to workers. Employers are responsible for remitting the full contribution to the department but may deduct from an employee’s wages to cover the employee’s share. Interested in learning more?

Family and Medical Leave Act 52

Family and Medical Leave Act Parental Leave Employment Medical 52

Genesis HR Solutions

AUGUST 9, 2018

per hour worked in March 2018. Deductions must be set up in payroll and carrier invoices must be paid each month. Sometimes changes made online don’t get through to the payroll processor or insurance carrier in time, so the employee or their dependents aren’t added to coverage until next month.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40

Business Management Daily

OCTOBER 22, 2020

Carl’s 2018 W-4 indicates he’s married, but wants his employer to withhold at the higher single rate. The rationale: Completing this step helps offset the full basic standard deduction that’s incorporated into the percentage method withholding tables. the value of three withholding allowances).

Taxes 52

Taxes Deductible Deductions Employment 52

Ascender

MARCH 1, 2021

Whether you’re considering setting up payroll operations in New Zealand, or you’re joining an established team there, you’ll need to be across the basics of payroll compliance. Overview of payroll requirements. Tax and other deductions. Here’s what you need to know. New Zealand’s tax year runs from 1 st April to 31 st.

Payroll 90

Payroll Deductible Deductions Taxes 90

Benefits Notes

MARCH 31, 2021

While employers (for self-insured plans and multi-employer plans) or insurance carriers (for fully insured plans) are responsible for the COBRA subsidy, the paying entity is entitled to take a federal tax credit against payroll taxes. ” Payroll Tax Credits. Voluntary Paid Leave Tax Credits. Employee Retention Credit.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40

WEX Inc.

MARCH 20, 2025

If youre covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $4,300 per year (in 2025) into your health savings account (HSA). If youre uncomfortable contributing the IRS annual max to your HSA through pre-tax payroll contributions, contribute what you are comfortable with.

Health Savings Account 94

Health Savings Account Deductible Deductions Taxes 94