InterWest Insurance Services

OCTOBER 8, 2024

With 2025 just a few months away, it’s important that small employers understand their group health insurance reporting obligations under the Affordable Care Act as they changed at the start of 2024. Employers must submit their waiver request at least 45 days prior to the due date for returns by using this form.

Electronics 77

Electronics Employment Health Insurance Insurance 77

Employee Benefits

FEBRUARY 21, 2024

As of 6 January 2024, the cut means that all employees who currently pay NIC will benefit. Firstly, the reduction does not directly benefit employers since they will continue to pay secondary (employers) NICs at the current rate of 13.8% Many low earners will find themselves paying tax and NICs for the first time.

Insurance 108

Insurance Employment Taxes Salary 108

Best Money Moves

MARCH 11, 2024

The 4 best benefits in 2024, according to employees. Here are the 4 best benefits in 2024, according to employees. In fact, according to Forbes Advisor , 40% of employers believe that workers would leave their current jobs to find employment that offers better benefits.

Retirement Plan 105

Retirement Plan Healthcare Healthcare Benefits Parental Leave 105

WEX Inc.

MAY 17, 2023

Key takeaways - 2024 HSA contribution limits 2024 HSA contribution limits will increase to $4,150 and $8,300 for self-only and family HSAs, respectively. 2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2024.

Health Savings Account 98

Health Savings Account Deductions Deductible Taxes 98

WEX Inc.

OCTOBER 1, 2024

Keep reading and watch our Benefits Buzz podcast below as we celebrate HSA Day 2024 and dive into the real-life experiences of HSA users and share expert insights to help you and your employees make informed decisions that improve health and secure financial futures. Key insight: HSAs can feel overwhelming for new users.

Health Savings Account 52

Health Savings Account Healthcare Medical Taxes 52

HR Lineup

DECEMBER 1, 2023

As we step into 2024, the market is teeming with a variety of options, each vying to be the best solution for handling contractor payroll. In this comprehensive guide, we will delve into the top 10 contractor payroll software options for 2024, exploring their features, benefits, and what sets them apart.

Payroll Software 86

Payroll Software Payroll Software Taxes 86

WEX Inc.

OCTOBER 15, 2024

Today, to commemorate National Health Savings Account Awareness Day (HSA Day) celebrated annually on October 15, WEX is highlighting available resources to help employers and employees better understand the impressive value of HSAs for both wellbeing and wallets. Employers’ contributions to employees’ HSAs are tax deductible.

401(k) 52

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

Money Talk

APRIL 11, 2024

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). It will be a busy weekend for many taxpayers and tax preparers who are filing tax returns or tax filing extensions. money that has been taxed) and can be withdrawn at any time for any reason tax-free and penalty-free.

401(k) 184

401(k) Taxes Retirement Plan Pension 184

InterWest Insurance Services

SEPTEMBER 7, 2023

The IRS has significantly reduced the group plan affordability threshold — which is used to determine if an employer’s lowest-premium health plan meets the Affordable Care Act rules — for 2024. This is happening just as group health plan premiums are expected to climb at a much faster clip in 2024 than the last three years.

Utilities 86

Utilities Medical Taxes Employment 86

Higginbotham

JANUARY 24, 2024

Upcoming ACA Reporting Deadlines Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2024. 28, 2024, or April 1, 2024, if filing electronically. 28, 2024, or April 1, 2024, if filing electronically.

Electronics 52

Electronics Insurance Overtime Taxes 52

Business Management Daily

MAY 9, 2024

In it, she breaks down all the new payroll compliance changes affecting payroll administration in 2024, including post-pandemic trends that don’t appear to be going anywhere anytime soon. Without further ado, here’s step-by-step guidance for achieving payroll compliance in 2024. How does it do that? Under SECURE 1.0,

Payroll 52

Payroll 401(k) Taxes Retirement Plan 52

Griffin Benefits

JUNE 7, 2023

On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. Eligible individuals with self-only HDHP coverage will be able to contribute $4,150 to their HSAs for 2024, up from $3,850 for 2023.

Health Savings Account 80

Health Savings Account Deductions Deductible Taxes 80

PeopleStrategy

NOVEMBER 14, 2023

Changes are coming to the Affordable Care Act (ACA) in 2024, and HR departments need to take note of them now. This means most reporting entities will be required to complete their ACA reporting electronically starting in 2024. 31, 2014, do not need to test for the current tax year.

Electronics 52

Electronics Taxes Software Employment 52

Money Talk

JUNE 29, 2024

Below are seven key take-aways: Benefit Payments - Retirement benefits are determined by the amount workers earn and pay in FICA (Federal Insurance Contributions Act) tax, which often shows on paychecks as OASDI. Total FICA tax is 15.3% of gross earnings: 7.65% each paid by workers and their employers.

Taxes 175

Taxes Pension Finance Insurance 175

cipHR

MARCH 14, 2024

6 April is fast approaching – and that means that payroll professionals are gearing up for tax year end. So why don’t we save you some time by giving you the lowdown on the legislative and regulatory changes for the 2024/25 tax year? It’s one of the busiest times of the year, and every minute is precious right now.

Payroll 52

Payroll Parental Leave Taxes Deductions 52

Employee Benefits

MARCH 20, 2024

Neurodiversity Celebration Week 2024 this year takes place on 18-24 March. Workplaces are still largely designed with neurotypical people in mind and many employers remain unclear on how to support neurodiverse colleagues with some of the challenges they may face.

Employment 102

Employment Employee Benefits Management Taxes 102

HR Lineup

NOVEMBER 24, 2023

In this article, we will delve into the ten best HR compliance software tools in 2024, providing an in-depth analysis of their features and capabilities. HR compliance software refers to a specialized set of tools designed to help organizations manage and track their adherence to employment laws and regulations.

Software 77

Software Human Resources Healthcare Retirement Plan 77

BerniePortal

FEBRUARY 21, 2024

Form W-4 is crucial to employee tax reporting and employer withholding. This form got a major overhaul from the IRS in 2020, but there are some updates for 2024 as well. Many employees don’t know how to fill out Form W-4 correctly– which can lead to an unpleasant surprise when they owe more taxes than expected.

Taxes 52

Taxes Employment 52

InterWest Insurance Services

AUGUST 29, 2024

November 12, 2024 12:00 PM – 1:00 PM JOIN US: InterWest is a proud sponsor of Summit Employee Benefits Online education. SESSION DETAILS: The IRS provides several options for tax-favored reimbursement of different expenses, but the rules vary significantly between benefit options.

Taxes 52

Taxes Education Employee Benefits Insurance 52

HR Lineup

JUNE 9, 2024

Here, we explore the ten best employee database software in 2024, evaluating their features, benefits, and potential drawbacks to help you make an informed decision. This includes personal details such as name, address, and contact information, as well as professional details like job titles, employment history, and qualifications.

Software 86

Software Payroll Human Resources Overtime 86

Enjoy Benefits

FEBRUARY 18, 2024

Over the next two months, we’re highlighting eight key developments shaping the business environment in 2024, as featured in this Forbes article: The 10 Biggest Business Trends for 2024. FinTech and digital payments The financial technology sector is booming, and in 2024, we can expect continued innovation in digital payments.

Voluntary Benefits 52

Voluntary Benefits Technology Salary Finance 52

Employee Benefits

JULY 3, 2024

With Euro 2024 football fever sweeping the country, employers are once again facing the age-old conundrum of balancing productivity and business operations with giving their staff the chance to watch their nation at a major summer tournament. The morning after a big match, some employers may notice an increase in sick calls.

Management 59

Management Media Medical Employment 59

PayrollOrg

JULY 19, 2023

The IRS said it will provide an electronic filing option for amended employment tax returns “sometime in 2024.”

Electronics 80

Electronics Taxes Employment IT 80

PeopleStrategy

DECEMBER 12, 2023

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. People like HSAs in part because of their triple tax advantage. It’s a lot and you need to make sure other departments are in the know.

401(k) 52

401(k) Overtime Health Savings Account Retirement Plan 52

Benefit Resource Inc.

MARCH 20, 2024

March 20, 2024 – Benefit Resource (BRI) , an Inspira Financial solution, has been recognized as Partner of the Year at the 2024 ADP Marketplace Partner Summit held in Atlanta, Ga. In early 2024, Millennium Trust Company rebranded as Inspira Financial. ROCHESTER, N.Y.,

Health Savings Account 52

Health Savings Account Flexible Spending Account Flexible Spending Taxes 52

Employee Benefits

JUNE 5, 2024

The abolition of the lifetime allowance (LTA) in April came with implications that employers will want to be aware of. The LTA is woven throughout pensions tax rules and so it is a complex process with opportunities to drop balls as a consequence. It is essential to effectively communicate the changes to employees.

Pension 59

Pension Employment Taxes Government 59

Workers' Compensation

DECEMBER 28, 2023

New Jersey is set to become one of a handful of states with a minimum wage of at least $15/hour on January 1, 2024 when the rate increases to $15.13/hour, Raising and aggressively enforcing the minimum wage signals to employers and workers alike that New Jersey values its workforce,” said Labor Commissioner Robert Asaro-Angelo.

Disability Insurance 52

Disability Insurance Workers’ Compensation Piece Rates Mining 52

Employee Benefits

JANUARY 24, 2024

Crypto currency is subject to income tax when an employee receives it but could also incur a capital gains tax charge if they hold it for more than 30 days. And, while most people are happy to watch the roller coaster ride from the sidelines, employers are beginning to consider crypto as part of their pay strategies.

Global Payroll 105

Global Payroll Employment Taxes Pension 105

Employee Benefits

FEBRUARY 14, 2024

Workers with 26 weeks of employment can ask for flexibility on how, where and when they work. Where employers previously did not need to consult with workers before giving their decision, they will now be expected to, and to provide their response within two months instead of three. If not, agreed a proper reason should be provided.

Consulting 110

Consulting Payroll Salary Recruitment 110

Money Talk

JANUARY 4, 2024

Free money does not have any work requirement, however, and is often income tax-free. Employer Match- This is money contributed to employees’ retirement savings accounts to match what they save. 50% for a fifty cent per employee dollar saved match) and is taxed as ordinary income in retirement.

Life Insurance 175

Life Insurance Pension Benefit Retail Taxes 175

Employee Benefits

DECEMBER 20, 2023

It is important that those retiring in 2024 understand their options, make informed decisions, and avoid making mistakes with their hard-earned savings. To help, WEALTH at work, has created a list of top tips for employees who are thinking about retiring in 2024. Current outgoings are a good place to start when working this out.

Pension 52

Pension Taxes Retirement Plan Education 52

3Sixty Insights

JUNE 3, 2024

isolved Connect | October 7 – 9, 2024 Join Pete Tiliakos, as he speaks at the upcoming isolved Connect user conference in Orlando, FL October 7 – 8, 2024.

Work From Home 52

Work From Home Professional Employer Organization Global Payroll Employee Recognition 52

Money Talk

JULY 13, 2023

This rule takes effect in 2024 and Roth IRA income limits do not apply. New Catch-Up Limit - Currently, additional catch-up savings ($7,500 in 2023) in employer retirement plans is available for workers age 50+. Employers will rely on employees’ self-certification of loan payments. Early Withdrawal Penalty Exceptions - SECURE 2.0

401(k) 130

401(k) Retirement Plan Taxes Salary 130

Employee Benefits

JANUARY 18, 2024

Our research found that almost half of UK employees say they’re likely to look for a new role in 2024. That’s why SmartPay, our cost-neutral salary deduction scheme, is the employee benefit your people and business need in 2024. It’s hardly surprising that financial health is a 2024 priority for so many in the UK. Affordability.

Employee Benefits 52

Employee Benefits Deductions Deductible Salary 52

Employee Benefits

DECEMBER 19, 2023

Outgoings can then be divided into fixed costs which have to be paid such as mortgage, rent, council tax, energy and water, and then those which you may be able to cut back on such as supermarket shopping, monthly contracts for TV, subscriptions and other spending. Many employers offer payroll-deducted savings schemes for effortless saving.

Finance 104

Finance Banking Pension Insurance 104

WEX Inc.

AUGUST 21, 2024

A flexible spending account (FSA) is an employer-sponsored benefit that allows employees to set aside a portion of their pre-tax salary to pay for qualified medical expenses or dependent care expenses. The IRS normally allows up to a $640 carryover in 2024 of medical FSA funds from one plan year to the next. What is a FSA?

Flexible Spending Account 105

Flexible Spending Account Flexible Spending Health Savings Account IT 105

Employee Benefits

MARCH 4, 2024

Employers will need to review policies for employees who previously opted out of the pension scheme because they may have been close to the lifetime allowance. Two new limits will be introduced in April to control tax relief on pension lump sums. Some employers offered a cash benefit instead of a pension contribution.

Pension 59

Pension Pension Benefit Employment Taxes 59