PayrollOrg

NOVEMBER 21, 2023

Need help with local payroll taxes? Check out this great local payroll compliance research tool from PayrollOrg, updated for 2024!

Taxes 104

Taxes Payroll 104

Money Talk

APRIL 4, 2024

All other tax-deferred plans, like 401(k)s and the thrift savings plan (TSP), must have RMDs calculated separately. Roth Conversions - It is best to move money from a pre-tax account to a Roth account in low-taxable income years, during stock market downturns, and/or in small increments over time. net investment income tax.

401(k) 196

401(k) Taxes Finance Education 196

HR Lineup

DECEMBER 5, 2023

In the fast-paced world of taxation and financial management, staying ahead of the curve is crucial for tax professionals. As we step into 2024, the demand for efficient, user-friendly, and comprehensive tax practice management software has never been higher.

Taxes 74

Taxes Software Management Electronics 74

Money Talk

FEBRUARY 22, 2024

With income tax season well underway, many people are getting ready to see a tax preparer to get their 2023 income tax return prepared and filed before April 15, 2024. Some may have a long-standing tax pro while others are selecting a tax preparer for the first time. About half of U.S. About half of U.S.

Taxes 127

Taxes Banking Finance IT 127

PayrollOrg

JUNE 3, 2024

The Idaho State Tax Commission has updated the withholding tables for 2024, due to a law change that lowered personal income tax rates. The revised withholding tables should be used going forward.

Commissions 118

Commissions Taxes 118

PayrollOrg

SEPTEMBER 24, 2024

1 effective October 1, 2024. Four counties have income tax rate changes. Indiana Department of Revenue revised Departmental Notice No.

Taxes 118

Taxes 118

PayrollOrg

DECEMBER 18, 2023

The Compliance Calendar for 2024 is now available on PayrollOrg’s website. It contains important payroll tax payment and reporting dates every payroll professional needs to know during the calendar year.

Payroll 118

Payroll Taxes IT 118

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

McDermott Will & Emery Employee Benefits

MAY 23, 2024

The New York State fiscal year 2024 – 2025 budget institutes a new tax on health plans, including insurers and managed care organizations. This tax has been garnering attention for its promise to yield $4 billion for New York State.

Taxes 98

Taxes Insurance Employee Benefits Health and Welfare 98

PayrollOrg

AUGUST 18, 2023

Effective July 1, 2024, Vermont employers will be required to make contributions for a new state payroll tax. A portion of the tax may be withheld from employee wages, and the rest must be paid by the employer.

Taxes 104

Taxes Payroll Employment 104

WEX Inc.

JUNE 20, 2024

In this article we talk you through how to save money using bonus depreciation for vehicles you purchased in 2024 for your small or large business fleet. Tax deductions if you have a fleet of commercial vehicles Are you a small or large business owner with commercial vehicles, or a fleet manager?

Bonuses 98

Bonuses Taxes Deductions Deductible 98

Employee Benefits

MARCH 6, 2024

Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April. This means that a person on the average wage now has the lowest effective personal tax rate since 1975. But as always, the devil is in the detail. a month and £125.60 respectively.

Insurance 111

Insurance Taxes Government Salary 111

Proskauer's Employee Benefits & Executive Compensa

JANUARY 16, 2024

Act of 2022 (“SECURE 2.0”), the IRS issued Notice 2024-02 , which addresses SECURE 2.0 Although Notice 2024-02 offers helpful guidance for employers and plan administrators, it does not include hotly anticipated guidance on SECURE 2.0 Approximately one year after Congress enacted the SECURE 2.0 Before SECURE 2.0,

401(k) 111

401(k) Taxes Retirement Plan Employment 111

PayrollOrg

DECEMBER 8, 2023

In late November, the IRS released a worksheet containing the tax tables that will be included in the 2024 Publication 15-T, Federal Income Tax Withholding Methods.

Taxes 104

Taxes 104

HR Lineup

OCTOBER 20, 2024

In 2024, the HR outsourcing landscape offers a variety of providers with comprehensive solutions tailored to meet the needs of businesses of all sizes. Below are the ten best HR outsourcing services and companies to consider in 2024. Top 10 HR Outsourcing Companies in 2024 1. What is HR Outsourcing?

Payroll 79

Payroll Retirement Plan Workers’ Compensation Health Insurance 79

WEX Inc.

JUNE 25, 2024

It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. The post Increased paid leave trends in 2024 appeared first on WEX Inc. The information in this blog post is for educational purposes only.

Paid Leave 98

Paid Leave Parental Leave Taxes Consulting 98

PayrollOrg

NOVEMBER 2, 2023

The IRS announced the changes to the dollar limits on benefits and contributions under qualified retirement plans for tax year 2024.

Retirement Plan 104

Retirement Plan Taxes 104

HR Lineup

JULY 29, 2024

Ensuring employees are paid accurately and on time, while complying with various tax laws, is crucial. Here, we review the 10 best payroll software options for small businesses in 2024, detailing their features, pricing, pros, and cons to help you make an informed decision. It offers robust payroll and tax management features.

Payroll Software 86

Payroll Software Payroll Software Taxes 86

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

HR Lineup

AUGUST 6, 2024

In 2024, managing the employee lifecycle efficiently is paramount for organizations aiming to attract, develop, and retain top talent. Here, we explore the top 10 ELM software solutions for 2024, each offering unique features and benefits to address diverse organizational needs.

Software 91

Software Management Payroll Recruitment 91

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 3, 2023

On November 1st, the IRS released a number of inflation adjustments for 2024, including to certain limits for qualified retirement plans. As expected, this year’s adjustments are more modest than last year’s significant increases. The table below provides an overview of the key adjustments for qualified retirement plans.

Retirement Plan 101

Retirement Plan Employee Compensation Taxes 401(k) 101

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

PeopleKeep

DECEMBER 11, 2023

Starting in 2024, Indiana employers will have a new tax credit available if they decide to offer their employees a health reimbursement arrangement (HRA) instead of group health insurance. This will allow small businesses and nonprofits to offer affordable and personalized health benefits in The Hoosier State.

Taxes 81

Taxes Employment Health Insurance Insurance 81

HR Lineup

OCTOBER 13, 2024

In this article, we will explore the Top 10 Global HR Services Providers in 2024, focusing on the services they offer, their market reputation, and how they stand out in the competitive HR landscape. 10 Best Global HR Services for 2024 1. The post Top 10 Global HR Services Providers 2024 appeared first on HR Lineup.

Consulting 81

Consulting Payroll Payroll Service Recruitment 81

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. Here are the best benefits in 2024 based on input from real workers. Average healthcare premiums for American families increased 7% in 2024, according to research from KFF.

Retirement Plan 105

Retirement Plan Healthcare Healthcare Benefits Parental Leave 105

PayrollOrg

MAY 3, 2024

In this May 2024 edition of Compliance TV: DOL finalizes salary thresholds for 'White Collar' Exemption; IRS data affirms payroll's vital role in nation's tax system; and more.

Salary 80

Salary Taxes Payroll 80

PayrollOrg

MAY 8, 2023

In this edition of May 2023 Compliance TV: IRS Data Affirms Payroll's Vital Role in Nation's Tax System; SSA Releases Tax Year 2023 W-2 Electronic Filing Specs; IRS Said 2024 Form W-2 Will Not Be Redesigned; DOL Publishes Report on UI Trust Fund Solvency, and more.

Taxes 80

Taxes Payroll Electronics 80

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) 185

401(k) Taxes Retirement Plan Pension 185

HR Lineup

FEBRUARY 5, 2024

Any business requires the best payroll software 2024 to manage its employees’ payroll. The software should be very effective to manage taxes and employee benefits. If you are looking for top payroll software in 2024, we recommend them below. The post 8 Best Payroll Software 2024 appeared first on HR Lineup.

Payroll Software 52

Payroll Software Payroll Software Online Payroll 52

WEX Inc.

OCTOBER 15, 2024

For employers, brokers, and other partners: Not only do employers play an essential role in educating employees on how to use their HSAs effectively, from tax advantages to investment opportunities, but employers can also benefit directly from the deployment of HSAs. Employers’ contributions to employees’ HSAs are tax deductible.

401(k) 52

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

Workplace Insight

APRIL 2, 2024

There are a number of employment law changes coming into effect on 6 April 2024 that will impact SMEs the most. These new changes can be applied from holiday years starting on or after 1 April 2024. Employers are obligated to distribute tips to workers by the end of the subsequent month following their receipt.

Parental Leave 114

Parental Leave Employment Deductions Deductible 114

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. 9, 2024, the U.S. Please see our FAQs, available here.

Electronics 52

Electronics Insurance Overtime Taxes 52

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. It is not legal or tax advice. Secure your future.

Health Savings Account 52

Health Savings Account Healthcare Medical Taxes 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

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

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