Money Talk

APRIL 14, 2022

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.

Taxes 189

Taxes Family and Medical Leave Act 401(k) Deductions 189

Money Talk

JUNE 28, 2023

It’s halftime for your 2023 finances and a perfect time to review where you stand, make mid-year adjustments, and complete recommended financial planning action steps. Below are ten mid-year financial tweaks and tasks: Tax-Deferred Savings Tweak - Perhaps you will get a raise on July 1. The 2023 maximum pre-tax contribution is $3,050.

Flexible Spending Account 242

Flexible Spending Account Banking Health Savings Account Taxes 242

Benefit Resource Inc.

JANUARY 3, 2023

If you’re in the 70% of people who have health-related goals for 2023, let’s take a look at how pre-tax benefits can help set goals and prioritize your health this year and beyond. Add In Pre-Tax Benefits. Plus, any interest earned on the account is tax free and the money is ALWAYS yours! Set SMART Goals.

Utilities 98

Utilities Taxes Flexible Spending Account Flexible Spending 98

HR Lineup

OCTOBER 30, 2023

As we venture into 2023, businesses are seeking cutting-edge solutions to simplify HR and accounting tasks. In this article, we will explore the top 10 HR accounting software options available in 2023, each offering a unique set of features and capabilities to cater to different business needs.

Software 130

Software Payroll Human Resources Finance 130

HR Lineup

OCTOBER 5, 2023

HR software has become an indispensable tool for small businesses in 2023, streamlining various HR functions such as payroll, employee onboarding, time tracking, and performance management. To help you make an informed decision, here are the top 10 HR software options for small businesses in 2023.

Software 130

Software Payroll Software Payroll Global Payroll 130

HR Digest

MARCH 12, 2025

This article unpacks the fringe benefits definition, explores their types and examples, and offers a clear overviewincluding tax implications and practical guidance for employers navigating the IRS fringe benefits guide. According to a 2023 SHRM survey, 68% of employees prefer jobs with top-tier benefits over higher pay.

401(k) 72

401(k) Health Insurance Taxes Retirement Plan 72

HR Digest

JUNE 23, 2023

Imagine a scenario where you are rewarded with a hefty sum of $26,000 per employee, just by gathering some data and filling out a tax form. Well, this isn’t a fantasy, it’s the reality of the Employee Retention Tax Credit (ERC). Your ERC Tax Credit is on its way! Sounds like a dream, right? Yes, you read that right.

Taxes 97

Taxes Government Employee Retention Consulting 97

HR Lineup

OCTOBER 25, 2023

As we step into 2023, retirement planning has become more critical than ever. In this article, we’ll explore the top 10 401(k) providers for 2023, each offering unique features and benefits to help you make an informed decision. 10 Best 401(k) companies of 2023 1. What is a 401(k)?

401(k) 130

401(k) Retirement Plan Taxes Education 130

Employee Benefits

MARCH 16, 2023

Spring Budget 2023: Chancellor of the Exchequer Jeremy Hunt delivered his Spring Budget speech in the House of Commons on Wednesday 15 March. It included a number of key announcements that could impact employees’ pay , pensions and benefits. appeared first on Employee Benefits.

Pension 103

Pension Taxes Government Payroll 103

WEX Inc.

MARCH 7, 2023

The season for filing taxes is upon us once again. We wanted to share a few tips and reminders about the health savings account (HSA) information you’ll need for your tax return. Make sure your W-2 form shows HSA payroll contributions Provided by your employer, your W-2 shows the wages you earned and any taxes withheld.

Taxes 98

Taxes Health Savings Account Deductions Deductible 98

Business Management Daily

MARCH 3, 2023

Congress routinely showers small businesses with tax preferences. And now is the time to think about them, since the tax-filing deadlines for calendar-year corporate returns are fast approaching—March 15 for S corps and April 18 for C corps. But there is a difference between the two: Tax deductions reduce your taxable income.

Deductions 98

Deductions Deductible Taxes Health Insurance 98

HR Lineup

JULY 10, 2023

However, choosing the best HR software for your business in 2023 can be a daunting task, given the plethora of options available. How to Choose an HR Software System in 2023? Payroll management: Integration with payroll processes, including calculating wages, taxes, deductions, and generating payslips.

Software 130

Software Payroll Payroll Manager Payroll Software 130

Patriot Software

MARCH 10, 2023

If so, you might have heard about House Bill 2526, a 2023 law that significantly cut individual income tax rates. As a result, your West Virginia income tax withholding might look a little different. Are you an employer in West Virginia? In this article, we’ll go over: What compensation is subject to withholding?

Taxes 89

Taxes Employment Payroll 89

Business Management Daily

DECEMBER 7, 2021

share of Social Security taxes last year, the time to make your first payment is approaching quickly. You’ll receive a separate notice for each quarter you deferred the deposit of your taxes. Your make-up payments must be made separately from your other tax deposits. 3, 2023: $2,250,000 ÷ 3 quarters = $750,000.

Taxes 100

Taxes Employment Management IT 100

InterWest Insurance Services

MAY 12, 2022

The IRS has announced significantly higher health savings account contribution limits for 2023, with the amount increasing more than 5% for individual HSA plans. Here are the new figures for 2023: HSA annual contribution limit. They can put money into their HSA through pre-tax payroll deduction, deposits or transfers.

Health Savings Account 98

Health Savings Account Deductions Deductible Health 98

Employee Benefits

MARCH 15, 2023

Spring Budget 2023: The government has announced that it will give tax agents access to payroll benefits in kind for employers. Through government provided IT systems, tax agents will be able to payroll benefits in kind on behalf of employers.

Taxes 52

Taxes Payroll Government Employee Benefits 52

Patriot Software

DECEMBER 15, 2022

Arizona employers, you may know that Senate Bill 1828 substantially reduced the state’s income taxes starting with the 2022 tax year. But did you also know that it requires employer action for the 2023 tax year? You must now give all employees—not just new hires—a new AZ state income tax form.

Taxes 92

Taxes Employment Human Resources Payroll 92

Employee Benefits

NOVEMBER 17, 2022

from April 2023. for 2023, representing a pay rise of more than £1,600 for the average full-time employee. ” Alan Price, chief executive officer (CEO) of BrightHR, said: “Employers should work with HR and payroll teams to implement the change and communicate it with the wider workforce.

Government 105

Government Commissions Consulting Payroll 105

WEX Inc.

OCTOBER 15, 2024

Health savings accounts are booming in popularity, with total assets eclipsing $123 billion in 2023 – nearly triple from just five years earlier – and yet they’re still widely misunderstood,” said Robert Deshaies, Chief Operating Officer of Benefits at WEX. Employers’ contributions to employees’ HSAs are tax deductible.

401(k) 52

401(k) Health Savings Account Flexible Spending Account Taxes 52

HR Digest

JUNE 16, 2023

Payroll software is a critical tool for HR professionals. It can help HR to automate many of the tasks involved in payroll processing, such as calculating employee wages, withholding taxes, and issuing paychecks. Payroll software can also help HR to comply with complex tax and labor laws.

Payroll Software 52

Payroll Software Software Payroll Taxes 52

Money Talk

AUGUST 16, 2023

Tax on Social Security Benefits - Those who work and claim benefits will trigger taxes with a combined income above $25,000 (individuals) or $32,000 (married couples filing jointly). Continued FICA Tax - Like all workers, employed older adults must pay Social Security/ Medicare tax.

Taxes 130

Taxes Pension Deductions Deductible 130

3Sixty Insights

OCTOBER 24, 2023

This special episode is part two of a three-part series featuring executive conversations recorded LIVE from the 42nd annual Payroll Congress in Denver, CO, in May of 2023! Our HR & Payroll 2.0 Our HR & Payroll 2.0 Join host Pete A.

Payroll System 69

Payroll System Payroll Taxes Management 69

Business Management Daily

JUNE 3, 2023

Section 271 of the Fiscal Responsibility Acts of 2023 ( H.R. Would you be comfortable letting the IRS do your taxes? Free File is a collaborative effort between the IRS and commercial tax software firms under which taxpayers with incomes under a certain threshold who file simple returns can file their returns, well … for free.

Taxes 52

Taxes Payroll Education Software 52

Hppy

OCTOBER 28, 2024

Image by rawpixel.com on Freepik The Role of Paystubs in HR Management Paystubs are important tools in HR management because they help with legal compliance, increase financial clarity, and make the payroll process smoother. Ensuring Legal Compliance Paystubs are necessary to keep up with labor laws and tax regulations.

Net Pay 36

Net Pay Deductions Deductible Management 36

Business Management Daily

SEPTEMBER 1, 2023

Beginning with catch-up contributions to be made next year, employees whose Social Security wages (W-2, Box 3 wages) exceed $145,000 this year can make catch-up contributions on a Roth, after-tax basis only. And then there’s the teeny, tiny glitch of Congress dropping the section of the tax code allowing any catch-up contributions.

401(k) 97

401(k) Taxes Payroll Software Payroll 97

Qandle

OCTOBER 27, 2023

This comprehensive guide explores the top 10 HR automation tools in India for 2023, shedding light on their features, benefits, and how they are reshaping the HR domain. Keka Keka HRMS simplifies payroll management, leave tracking, and employee engagement. Looking for the Best HR Tool ? Check out the HR Tool.

Human Resources 98

Human Resources Technology Software Payroll 98

Business Management Daily

FEBRUARY 20, 2023

Visier can look at HR data, payroll , and the last two years of an employee’s history to determine when they’re most likely to resign. The best part is you can hire anyone as an employee or contractor without having to deal with cumbersome local laws, tax systems, or complicated payroll. How can it do that?

Recruitment 105

Recruitment Payroll Employee Retention PTO 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. This will provide employees with a convenient, flexible and tax efficient way to invest. million employees.

Deductions 98

Deductions Deductible Banking Taxes 98

3Sixty Insights

NOVEMBER 28, 2023

This special episode is part three of a three-part series featuring executive conversations recorded LIVE from the 42nd annual Payroll Congress in Denver, CO, in May of 2023! Our HR & Payroll 2.0 Join host Pete A.

Payroll 69

Payroll Management Hospitality Employee Recognition 69

Business Management Daily

JANUARY 11, 2023

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. If your per diems clock in at or under the GSA’s rates and employees substantiate the time, place, and business purpose of their trip, your reimbursements are tax-free. Final e-filing regs.

Payroll 52

Payroll Medical Healthcare Overtime 52

CorpStrat

JANUARY 17, 2023

DOWNLOAD OUR FREE PDF DETAILING 2023 LIMIT INCREASES: DOWNLOAD PDF. This Compliance Overview includes a chart of the inflation-adjusted limits for 2023. Due to high rates of inflation, all of these limits will substantially increase for 2023. Health FSA pre-tax contribution limit. Health flexible spending accounts (FSAs).

401(k) 52

401(k) Employee Benefits Flexible Spending Account Health Savings Account 52

Insperity

OCTOBER 10, 2023

All company retirement plans started in 2023 and thereafter must have an automatic enrollment and escalation provision – also known as “ you’re in unless you’re out.” This enables workers to pay taxes up front on the funds they contribute, and then grow and withdraw these larger funds at a later date tax free. The SECURE 2.0

401(k) 116

401(k) Retirement Plan Taxes Benefits Package 116

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

Payroll 52

Payroll 401(k) Taxes Retirement Plan 52

Patriot Software

DECEMBER 12, 2022

And beginning in 2023, the Colorado paid family leave program takes effect. It means you have a new payroll tax […] READ MORE. Back in 2020, Colorado voted to implement its own Paid Family and Medical Leave Insurance (FAMLI) program. What does this mean for Colorado employers?

Taxes 82

Taxes Payroll Medical Insurance 82

InterWest Insurance Services

DECEMBER 7, 2023

Earlier in 2023, the IRS also announced the maximum contribution limits to health savings accounts, which are similar to FSAs, but they must be attached to a high-deductible health plan. The annual limits on HSA contributions in 2024 are $3,850 for individuals and $8,300 for families, both up more than 7% from 2023’s limits.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Pharmaceutical Health Savings Account 98

WEX Inc.

OCTOBER 4, 2023

As we celebrate this anniversary on HSA Day 2023 , it is clear that HSAs have become an integral part of the employee benefits landscape. And check out our HSA Day 2023 Benefits Buzz podcast episode with Chris Byrd, senior vice president health executive at WEX, below. “Out-of-pocket It is not legal or tax advice.

Health Savings Account 64

Health Savings Account Healthcare Education Taxes 64

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