Best Money Moves

DECEMBER 9, 2024

Compared to years prior, employees are more interested in retirement benefits and paid leave opportunities. One method of support employers are providing will come in the form of affordable deductibles. According to the report, 40% of large companies will offer a medical plan with a low or no deductible.

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InterWest Insurance Services

DECEMBER 20, 2022

Also, since July 2022, the CalSaver’s law has applied to employers with five or more workers. If you already have a qualified retirement plan (such as a 401(k) or a payroll-deduction IRA) for your employees, you do not have to participate. Employees can choose other deduction rates as well. 9) Bereavement leave.

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Health Consultants Group

MAY 1, 2021

Paid Leave Benefits. Beginning in the fall of 2021, your employees with a qualifying situation may apply to the CT Paid Leave Authority for PFMLA benefits. The Authority will begin making income replacement benefits payments beginning January 1, 2022. Employee deductions total.05%

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Fringe Benefit Analysts

JANUARY 25, 2021

Some of the changes are effective now , and some will become effective in 2022 and 2023. Families First Coronavirus Response Act (FFCRA) passed early in 2020 enacted a temporary Paid Leave Act (EPSL) as an extension of the Family Medical Leave Act (FMLA). . · Energy Provisions. . According to Wikipedia, this $2.3

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Business Management Daily

APRIL 27, 2020

And according to IRS FAQs, you may defer these deposits in addition to reducing your tax deposits in anticipation of paid leave or employee retention tax credits. The only employers eligible to reduce deposits are those on the hook for paid leave or those opting for the employee retention credit. Reducing deposits.

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Business Management Daily

MARCH 12, 2021

Paid leave tax credits for public employers. On a corporate level, you’re not losing out, because you can deduct the employer’s portion of FICA on your Form 1120. Paid leave tax credits for public employers. Some employees will be receiving severance pay into 2022. Reporting no SSN on a W-2.

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Business Management Daily

JANUARY 5, 2021

The leave and the tax credits are extended, not reset, for 2021. So if employees have maxed out on their leave in 2020, they aren’t eligible for more paid leave after Dec. Expanded meal deduction. 31, 2022, you may deduct 100% of employees’ substantiated meal costs, instead of the normal 50%.

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