InterWest Insurance Services

MARCH 22, 2022

Employers with five or more workers – The deadline for registration is June 30, 2022. Qualified retirement plans include: Qualified pension plans. Simplified Employee Pension (SEP) plans. Payroll deduction IRAs with automatic enrollment. Employers with 50 or more workers – The deadline for registration was June 30, 2021.

401(k) 98

401(k) Retirement Plan Employment Deductible 98

Employee Benefits

JANUARY 19, 2022

Quick and easy access to payroll information can also help employees see the impact on pay of benefit take up. With so many innovative and quirky ways of boosting employee engagement now in practice, reformatting a payroll system might at first seem like a very dull approach. They] might get some resistance.”.

Payroll 105

Payroll Take Home Pay Payroll System Software 105

Employee Benefits

OCTOBER 31, 2023

Whilst a workplace pension provides a savings vehicle for retirement, many organisations want to put in place a tax efficient savings option for those looking to save in general and build financial resilience. With this in mind, WEALTH at work has launched a Corporate ISA which has been specifically designed for the workplace.

Deductible 98

Deductible Deductions Banking Taxes 98

Employee Benefits

MARCH 21, 2023

HIVE360’s employee wellbeing and benefits app Engage features an extensive, robust suite of solutions, from debt and money management guidance to payroll information, payslips, pension performance and vital pay documentation, available in one place, 24/7.

Outsourcing Payroll 90

Outsourcing Payroll Pension Benefits Package Payroll 90

Employee Benefits

FEBRUARY 15, 2023

Pay rises also mean National Insurance (NI) and other payroll costs going up, at a time when margins are already being squeezed. Many providers of existing benefits, such as pensions , will have education modules to increase awareness of the financial provisions on offer.

Benefits Package 105

Benefits Package Pension Education Bonuses 105

cipHR

AUGUST 1, 2022

A simple payroll error could have a significant effect on someone else’s daily life, and they may even decide to leave your business. Here’s how your payroll mistakes affect employees – and what you can do to eliminate these errors. Its payroll provider is said to have made 10,806 errors, affecting 5,529 people.

Payroll 59

Payroll Payroll Software Deductible Deductions 59

Business Management Daily

MAY 9, 2024

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52

Payroll 401(k) Taxes Retirement Plan 52

Employee Benefits

SEPTEMBER 16, 2024

For example, 11 million adults have under £1,000 in savings, according to the Resolution Foundation; UK adults’ average unsecured debt was £3,797 in 2022, according to The Money Charity; and two in three UK employees are refused bank loans, while one in three run out of money before payday, according to Salary Finance.

Pension 59

Pension Employment Financial Counseling Banking 59

cipHR

MARCH 24, 2022

With the current tax year ending on 5 April 2022, the 2022/2023 tax year introduces many key pieces of legislation affecting millions of employers and employees across the UK. Payroll news. Choosing the right payroll software for the new tax year. 2021/2022 rate. 2022/2023 rate. PAYE changes for 22/23 .

Taxes 40

Taxes Payroll Deductible Deductions 40

Employee Benefits

DECEMBER 15, 2021

The Employee Benefits Awards 2022 are now open for entries. His first HR role was at Aer Lingus, where he administered a defined benefit (DB) pension scheme for pilots and cabin crew. He has since held payroll and benefits roles at Sony Pictures, Conde Nast and Weber Shandwick. To see all the categories and to enter click here.

Entertainment 64

Entertainment Pension Engineering Work From Home 64

Employee Benefits

DECEMBER 15, 2021

The benefits on offer at Trayport: Pensions and financial wellbeing. Group personal pension plan with Aviva with a 7% employer contribution. Option to save into an individual savings account (Isa) directly from payroll. Regular financial wellbeing talks and webinars. Access to a financial advisor. Group risk.

Pension 59

Pension Transportation Retail Insurance 59

cipHR

MAY 4, 2022

Paid sick leave tops the list of benefits and incentives that matter most to British employees , according to new research by HR and payroll software provider CIPHR. Pension contribution matching (46%). Pension contribution matching (3). Mental health and wellbeing support ranks fourth. Paid sick leave (67%).

Paid Sick Leave 52

Paid Sick Leave Pension Bonuses Paid Leave 52

Employee Benefits

FEBRUARY 5, 2024

Law firm Stephenson Harwood has offered a salary sacrifice electric vehicle scheme to its 700 employees through provider Tusker since 2022. The car scheme is one of a suite of benefits that we highlight on our platform,” he says.

Net Pay 59

Net Pay Pension Taxes Salary 59

cipHR

APRIL 22, 2022

The 2022 cost of living crisis in the UK has seen a record number of households face the biggest decline in income since the 1970s. Pensions contributions. Get payroll right. Pensions contributions. Pay: real living wage, and salary increases. Financial wellbeing assistance. Salary sacrifice. Income streaming services.

Pension 40

Pension Employment Salary Finance 40

Business Management Daily

AUGUST 2, 2022

On June 3rd of 2022, the Department of Labor announced that it is developing a new proposed rule on determining employee or independent contractor status under the FLSA. They are also typically responsible for the payroll taxes that the employer would typically pay including the employer’s share of Medicare taxes and Social Security taxes.

Employment 98

Employment Taxes PTO Overtime 98

Employee Benefits

SEPTEMBER 27, 2023

Risks to financial wellbeing It found that many workplaces are increasingly recognising poor financial literacy as a key financial wellbeing risk (63% compared to 58% in 2022 research**). million employees. Instead, 53% of respondents say they will increase financial wellbeing spend.

Pension 52

Pension Finance Education Retirement Plan 52

Business Management Daily

FEBRUARY 18, 2022

The EBSA wants your answers by May 16, 2022. What actions can EBSA take to protect the life savings and pensions of employees and their families from the threats of climate-related financial risk? Should EBSA use Form 5500 to collect data on climate-related financial risk to pension plans?

401(k) 59

401(k) Pension Retirement Plan Commissions 59

cipHR

JUNE 29, 2023

New research suggests that the continuing cost-of-living crisis is now affecting a greater proportion of employees, with more people working extra hours, more struggling to buy food or pay their bills, and fewer being able to afford to take sick days, compared to mid-2022. This is the second time that Ciphr has run its Cost of living survey.

Food 52

Food Payroll Bonuses Insurance 52

cipHR

NOVEMBER 10, 2022

There are not many roles where that’s an expectation,” says Amanda Barnden, payroll sales manager at Ciphr. Getting the basics correct in payroll has become more complex over the last decade or so, however. Getting the basics correct in payroll has become more complex over the last decade or so, however.

Payroll 52

Payroll Payroll System Salary Pension 52

Hppy

JANUARY 19, 2023

In fact, the number of temporary workers in the UK rose by 63,000 in 2022 , showing how valuable the impact of temporary staff can be for businesses up and down the country. They are, therefore, not on your payroll but paid by the agency who will then invoice you directly for their services. What is A Temporary Worker?

Payroll 45

Payroll Pension Recruitment Taxes 45

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. Single Employer Pension Plan Provisions. Plan sponsors may elect to defer the changes until 2022.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40

cipHR

NOVEMBER 13, 2023

New analysis of the ONS’s 2023 gender pay gap data, by HR and payroll software provider Ciphr , has revealed that a shocking 78% of all full-time job roles in the UK, and 81% of such roles held by 50,000 or more workers, have a gender pay gap in favour of men. pay gap – the same gap that existed for them in 2021 (in 2022 it was 7.6%).

Payroll 52

Payroll Salary Retail Payroll Manager 52

Business Management Daily

NOVEMBER 16, 2022

pension plan, insurance, vacation pay, etc.)? 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. If you are paying someone through your normal employee payroll process with income tax withholdings, you typically need to send them a W-2.

Taxes 52

Taxes Payroll Insurance Software 52

Bayzat

JULY 14, 2023

You don’t want processes such as payroll to be separate from the overall employee experience. Take payroll as an example. They will also see how the payroll works, making it a more transparent system. This means focusing on bonuses, holiday pay, health insurance and pension packages.

Payroll 52

Payroll Benefits Package Technology Insurance 52

cipHR

MARCH 27, 2023

If you’re considering payroll outsourcing UK, it’s likely you will encounter plenty of jargon on your journey to finding the right outsourced payroll provider. Don’t forget to check out our top 10 tips for choosing the right outsourced payroll company. These are sometimes taxable, which means they will appear on payslips.

Payroll 52

Payroll Outsourcing Payroll Payroll Software Family and Medical Leave Act 52

HR Digest

FEBRUARY 22, 2025

This is not just any database; its a powerhouse of automating payroll, streamlining recruitment, and spitting out analytics that can predict whos about to quit before theyve even drafted the email. IT budget increases in 2022, compared to 3.4% Then comes payroll, a beast tamed by HRIS software. Dont believe us? Tax compliance?

Human Resources 52

Human Resources Payroll Software Overtime 52