Remove 2018 Remove Employment Remove Taxes
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Twelve Tax Planning Topics for 2022

Money Talk

The 2021 income tax season will soon be in the history books. With income tax calculations still fresh in our heads, this is a great time to do some tax planning for 2022. Here are 12 tax topics to consider: Itemized Deductions- Only about 10% of taxpayers can itemize since the Tax Cuts and Jobs Act went into effect in 2018.

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Employment laws to watch in 2018

Insperity

Employment laws continue to evolve, and 2018 will usher in some big changes in two of our most populous states, California and New York. The HR world is abuzz with all the implications of implementing New York state’s paid family leave legislation and California’s ban-the-box law, both of which went into effect January 2018.

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Is relocation reimbursement taxable? How to assess tax liability for employee relocation

Business Management Daily

However, the laws regarding relocation expenses have changed in recent years, which can cause confusion for employers and employees. Employers pay the employee back for out-of-pocket relocation costs like packing and moving services, temporary housing, and travel expenses. However, the Tax Cuts and Jobs Act of 2017 changed that.

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How can employers support working carers through the school holidays?

Employee Benefits

Employers can help by offering flexible work arrangements, discounted leisure and dining vouchers, and signposting staff to government support. Employers that can be seen to help will benefit from more productive and motivated staff. Flexible-working arrangements are an obvious place to start.

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Updates to the Income Tax Withholding Tables and What You Need to Know

Patriot Software

In 2018, the IRS adjusted income tax withholding tables to reflect the Tax Cuts and Jobs Act. The IRS released changes to the income tax brackets for 2019. When you have employees, you need to stay on top of changing employment tax rates. Rates impact the amount of money you withhold from employee wages.

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Pre-tax terms: R is for “Rollover”

Benefit Resource Inc.

The FSA rollover option is offered by some employers to employees as a form of protection against losing funds in a Medical FSA. Since the FSA rollover option was introduced, it has gained traction with employers, with 65%* currently offering the option. The employer decides the amount that can roll.

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4 Compliance Strategies that Create Labor Efficiencies

HR Bartender

Ensuring employees are paid in a secure, efficient, and timely manner is one of the fundamental roles of an employer. That includes compliance with employment tax payment and reporting rules with each of the various local, state, and federal agencies to avoid penalties. 2 – Operational Efficiency with Systems and Service.

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