Insperity

JANUARY 11, 2018

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.

Family and Medical Leave Act 66

Family and Medical Leave Act Employment Deductible Deductions 66

HR Bartender

FEBRUARY 22, 2022

So, making sure that organizations have the systems in place to properly manage the payroll process is vital. 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.

Taxes 132

Taxes Payroll Technology Employee Retention 132

Ascender

JUNE 19, 2020

Many of these events have impacted payroll significantly, requiring organisations to adjust their processes. Let’s take a look at some of these notable events that affected payroll in the last 12 months: Wage Theft and Underpayment. China: Income tax system overhaul. Legislation Impact.

Payroll 52

Payroll Overtime Government Taxes 52

Ascender

JUNE 19, 2020

Many of these events have impacted payroll significantly, requiring organisations to adjust their processes. Let’s take a look at some of these notable events that affected payroll in the last 12 months: Wage Theft and Underpayment. China: Income tax system overhaul. Legislation Impact.

Payroll 52

Payroll Overtime Government Taxes 52

WEX Inc.

MARCH 16, 2023

With an HSA, you experience a triple-tax advantage : Contributions are tax-free, earnings are tax-free, and withdrawals for eligible expenses are tax-free. HSA participants are advised to contribute the maximum amount each year because the dollars going into these accounts are tax-free.

Health Savings Account 98

Health Savings Account Deductible Deductions Healthcare 98

Business Management Daily

FEBRUARY 19, 2019

So far, employees are really, really unhappy with their tax refunds, or lack thereof. And almost everyone is pointing their finger at the 2018 withholding tables. The post 2018 1040s: Where the TCJA rubber meets the road appeared first on Business Management Daily.

Taxes 56

Taxes Management Payroll 56

Business Management Daily

NOVEMBER 27, 2018

Who could forget tax day 2018? The Tax Inspector General for Tax Administration recently released its analysis of exactly what happened. The post TIGTA’s postmortem on the 2018 1040 filing season appeared first on Business Management Daily.

Taxes 40

Taxes Management IT Payroll 40

HR Lineup

MAY 2, 2023

Zimyo is a leading HR and payroll management software company that provides businesses with cloud-based software solutions to manage their human resources and payroll functions. The payroll software is designed to be easy to use, accurate, and compliant with all applicable laws and regulations.

Payroll Manager 52

Payroll Manager Payroll Software Payroll Human Resources 52

Benefit Resource Inc.

MARCH 20, 2019

Households released in May 2018. The tax savings. It will help you save on taxes and on health expenses. An HSA is a tax-free benefit. The money comes out of your paycheck before taxes, similar to a 401(k) and health insurance. Because your gross income (your income before taxes) is reduced, you pay less in taxes.

401(k) 85

401(k) Deductible Deductions Health Savings Account 85

Business Management Daily

APRIL 2, 2019

The 2018 1040 has changed so substantially (not really for the better in our opinion) and figuring your taxes is so different that employees may be feeling more stress than usual. The post It’s tax time again, and this year is anything but routine appeared first on Business Management Daily.

Taxes 40

Taxes Management Payroll 40

Benefit Resource Inc.

AUGUST 6, 2021

Now, let’s assume those 100 employees contribute $2,000 a year each into their HSA through their pre-tax payroll deduction contributions. Based on the FICA tax rate of 7.65%, you’ll save $15,300. One study showed only a 12% HSA adoption rate in 2018. Let’s look at some numbers: If your TPA charges $2.75 The Solution.

401(k) 76

401(k) Health Savings Account Deductible Deductions 76

Business Management Daily

JANUARY 6, 2020

Payroll has moved to center stage at the IRS. Most deal with implementing the Tax Cuts and Jobs Act: Guidance on the definition of “qualifying relative” for individual income tax purposes. Employees may account for tax dependents in Step 3 of the 2020 W-4. New information return e-filing threshold of 100 or more forms.

401(k) 52

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

Employee Benefits

AUGUST 2, 2023

It is also alleged that between 2018 and 2021, Woolworths Group failed to pay more than $960,000 (£494,558) in long service leave entitlements to 1,199 former employees. Robert Hortle, commissioner of Wage Inspectorate Victoria, said: “Victorians expect businesses with significant payroll resources to get this stuff right.

Retail 52

Retail Payroll Employee Benefits Employment 52

Business Management Daily

SEPTEMBER 10, 2019

You can look at this one of two ways: Yes, it can track your progress toward tax equilibrium (neither owing nor being owed a refund next year) or, it can track how far you’ve gotten before you just give up and do what you’ve always done—just guess at your tax liability and hope you haven’t underpaid your taxes this year.

Deductible 45

Deductible Deductions Taxes Pension 45

WEX Inc.

JULY 1, 2023

ICHRAs allow employers of any size to reduce and stabilize their healthcare expenses while also enjoying great flexibility in plan design, while employees can use them to gain a greater degree of control in their healthcare spending, tax advantages and the opportunity to receive benefits as a part-time or seasonal worker. Want to know more?

Health Insurance 52

Health Insurance Healthcare Taxes Insurance 52

Best Money Moves

APRIL 10, 2020

CARES Act: What to Know About Stimulus Payments: If you set up your tax refund with direct deposit, you should get a stimulus check from the government worth up to $1,200 or $2,400 within about a week — though if you need a paper check the wait will likely be extended. . When might this resource be accessible: This is also unclear.

Banking 122

Banking Government Taxes Payroll 122

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. Tax credits. 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?

Employment 52

Employment Payroll Deductible Deductions 52

cipHR

DECEMBER 1, 2022

Payroll software is, unsurprisingly, one of the most popular types of software to integrate with a core HR system; 44% of HR professionals surveyed by YouGov for Ciphr in 2018 said they use standalone payroll software alongside, but not integrated with, their HR system. Ciphr loves: Ciphr Payroll. . Expense management.

Software 52

Software Payroll Software Payroll Payroll System 52

Business Management Daily

JULY 31, 2018

Last week we deviated from our strict payroll perspective to bring you a sneak peak of the 2018 Form 1040. After all, the Tax Cuts and Jobs Act is just chock full of good stuff that we haven’t highlighted yet and it’s a long summer. And we’re sure that we’ll deviate again. But this week we’re back to dissecting the 2019 W-4.

Payroll 40

Payroll Taxes Management 40

PeopleStrategy

DECEMBER 19, 2017

As your company winds up Q4 and gets ready to head into the new year, take a moment to reflect on the role your HR solution played in your year-end processes and 2018 planning and budgeting. HR technology should give you a better handle on payroll. All employee data, regulatory requirements and tax rates must be correct and up-to-date.

Taxes 40

Taxes Payroll Technology Bonuses 40

PeopleStrategy

NOVEMBER 7, 2017

Payroll is a main concern during the last months of the year. If certain individuals received raises or promotions, make sure these changes are reflected in their current pay stubs as well as in tax documents and company records. Determine the 2018 holiday schedule. Figure out which holidays your company will observe in 2018.

Flexible Spending Account 58

Flexible Spending Account Taxes Flexible Spending Retirement Plan 58

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

Business Management Daily

AUGUST 23, 2019

BIG CHANGE: Since withholding allowances have been eliminated, the American Payroll Association questioned why the IRS continued to call the first draft Employee’s Withholding Allowance Certificate. Reminder: The IRS wants you to begin reprogramming your payroll systems based on this second draft. It released the form August 8.

Payroll System 45

Payroll System Taxes Payroll Employment 45

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 Deductible Deductions 61

Benefit Resource Inc.

JULY 23, 2019

The funds in a Health Savings Account automatically earn interest which accumulates tax-free. When the funds in the account are used (including the interest earned on the funds) they are also tax free, when they are used for qualified medical expenses. Earn Interest. . Consolidate multiple HSAs. Designate a beneficiary.

401(k) 45

401(k) Health Savings Account Taxes Banking 45

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 ordinance does not apply to government entities and tax-exempt organizations. The Senate of NJ passed Bill S1656 on September 27, 2018. Because your city could be next. (Or,

Deductible 40

Deductible Deductions Transportation Taxes 40

Genesis HR Solutions

SEPTEMBER 20, 2018

In our article Paternity leave in 2018: Where the U.S. In 2018, Massachusetts Governor Charlie Baker signed a law affecting all employers in the Commonwealth by creating a paid family and medical leave program funded by a state payroll tax. The State Of Paternity Leave In Massachusetts & Around The U.S. per week.

Family and Medical Leave Act 65

Family and Medical Leave Act Employment Parental Leave PTO 65

Corporate Synergies

AUGUST 19, 2019

From 2008 to 2018, the total amount deposited in HSAs rose from $5.3 The federal government created HSAs in 2003 to provide individuals covered by high-deductible plans the opportunity to save tax-free money for healthcare expenses. And the average HSA balance grew by just $110 from 2017 to 2018. As Seen In. billion to $43.5

Employment 40

Employment Health Savings Account Banking Deductible 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. Fill in Step 4(c): Complete this step only if employees had indicated to you on Line 6 of their old forms they want more taxes withheld from their pay. Accounting for estimated taxes. They use the IRS’ withholding estimator.

Taxes 52

Taxes Deductible Deductions Employment 52

Business Management Daily

JULY 24, 2018

One of Congress’ sales pitches for the Tax Cuts and Jobs Act was that you’d be able to file your income taxes on a postcard. Never mind that filing your taxes on an actual postcard would mean that anyone who handles the mail could see your most intimate financial details. The IRS has now released a draft of the 2018 Form 1040.

Taxes 40

Taxes Management Payroll 40

Genesis HR Solutions

AUGUST 19, 2020

Not only do PEO clients get expertise from their PEO partners, they no longer need to do the grunt work for the administration of their company’s HR, benefits, tax, payroll, and compliance issues, giving them time to focus on the core functions of their business—and focus on growth. Notable PEO Statistics. Extensis Group ).

Work From Home 52

Work From Home Professional Employer Organization Insurance Carriers Human Resources 52

Bayzat

OCTOBER 16, 2023

Shuraa Awarded as the best brand & business setup consultancy in Dubai in 2018, and more than twenty years in the business, Shuraa is one of the best company formation experts in the region. The post Best Business Setup Consultants in Dubai first appeared on Bayzat Blog.

Consulting 40

Consulting Banking Government Health 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.

Overtime 56

Overtime Payroll Employee Enrollments Deductible 56

Business Management Daily

JUNE 19, 2018

The IRS desperately wants to avoid handing taxpayers surprise tax bills next winter. Unfortunately, its withholding calculator is the only tool employees can use to right now to estimate their 2018 status and make changes to their withholding for the rest of the year by refiling their W-4s with you.

Taxes 40

Taxes Management IT Payroll 40

Abel HR

JANUARY 25, 2022

Specifically, they noted that in the 1950s, the number of women in the labor force was just 30 percent, while in 2018 that figure had climbed to just shy of 63 percent but dipped to 57 percent last year as women left the workforce in droves to support their home front.

Parental Leave 52

Parental Leave Insurance Taxes Salary 52

cipHR

JANUARY 22, 2019

Payroll is, unsurprisingly, one of the most popular types of software to integrate with a core HR system; 44% of HR professionals surveyed by YouGov for CIPHR in 2018 said they use standalone payroll software alongside, but not integrated with, their HRIS. CIPHR loves: PBS , RSM. . CIPHR loves: ThriveMap , Broadbean. .

Software 45

Software Payroll Finance Payroll Software 45

Genesis HR Solutions

DECEMBER 1, 2020

in 2018-2019). Payroll and tax information. The data is clear—small & midsize businesses who partner with PEOs see: 7%-9% faster growth than SMBs overall. 10%-14% lower turnover than companies that don’t have a PEO partner. Higher business revenue vs. non-PEO clients (13.5% Technology. Data management. Benefit enrollment.

Comprehensive Benefits 52

Comprehensive Benefits Benefits Package Technology Human Resources 52