Money Talk

DECEMBER 27, 2024

As 2024 winds down next week, its time for my final quarterly summary of take-aways from recent personal finance classes, conferences, and webinars that I attended. Also, with tax-deferred retirement plans subject to RMDs, savers are in a partnership with the IRS. paycheck, interest). Investors should also review their portfolio (e.g.,

Retirement Plan 166

Retirement Plan Finance Taxes Insurance 166

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 297

Commissions Taxes 297

PayrollOrg

OCTOBER 4, 2024

The Massachusetts Department of Revenue will conduct a tax amnesty program from November 1, 2024, through December 30, 2024. The program includes withholding taxes.

Taxes 260

Taxes 260

HR Digest

MARCH 1, 2025

The idea of no tax on overtime has brought relief among workers who clock beyond the standard 40-hour work week. So, when does the no tax on overtime start? And what does the no tax on overtime start date mean for workers across the country? When does no tax on overtime start? When does no tax on overtime start?

Overtime 110

Overtime Taxes IT Payroll 110

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 297

Taxes 297

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 297

Payroll Taxes IT 297

WEX Inc.

MARCH 12, 2025

The season for filing taxes is upon us once again. We’re getting closer to the deadline for filing for 2024. We wanted to share a few tips and reminders about the health savings account (HSA) information youll need for your tax return. You’ll need this form when filing your taxes.

Taxes 98

Taxes Health Savings Account Deductible Deductions 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 260

Taxes Payroll Employment 260

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 260

Retirement Plan Taxes 260

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 260

Taxes 260

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 246

Payroll Software Payroll Software Taxes 246

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 246

Software Management Payroll Recruitment 246

Money Talk

JUNE 13, 2024

With the 2023 tax filing deadline in the rear view mirror, now is a good time to look ahead to 2024 taxes that you will owe in April 2025. This post extends that discussion with a description of seven key steps to take to plan for your 2024 tax return due in 2025. 401(k) plan).

Taxes 125

Taxes 401(k) Retirement Plan Health Savings Account 125

Money Talk

AUGUST 8, 2024

With less than five months remaining in 2024, now is the time to begin serious tax planning for your 2024 income tax return. I recently attended a webinar with some tips for financial advisors about reviewing clients’ tax returns. Simply look at your 2023 tax return and divide your total tax owed by taxable income.

Taxes 176

Taxes Deductible Deductions Finance 176

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. Top 10 HR Compliance Software in 2024 1. It covers a wide range of compliance aspects, including payroll , taxes, and employee documentation. What is HR Compliance Software?

Software 245

Software Human Resources Healthcare Retirement Plan 245

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. It handles payroll calculations, tax deductions, and salary disbursements with accuracy and efficiency. It combines ease of use with robust functionality.

Software 246

Software Payroll Human Resources Overtime 246

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

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) Deductible 189

Money Talk

FEBRUARY 15, 2024

With 2023 tax season well underway, now is a good time to examine income tax rates, which are a percentage of taxpayers’ income that is taxed. income tax system is progressive, which means that taxes take a larger percentage of income from taxpayers with higher taxable incomes.

Taxes 185

Taxes 401(k) Commissions Bonuses 185

HR Lineup

APRIL 4, 2024

As we stand in 2024, it’s imperative to explore the dichotomy between automated payroll and manual payroll systems, understanding their respective merits, challenges, and the overall impact they have on businesses. Calculations, including taxes and deductions, are automated, reducing the potential for errors.

Payroll 181

Payroll Payroll System Deductible Deductions 181

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 200

Taxes Payroll Electronics 200

Money Talk

DECEMBER 7, 2023

As the year winds down so, too, does your opportunity to take proactive steps to reduce 2023 income tax due in April 2024 and, perhaps, taxes due in future years as well. Below are some money-saving tax planning strategies to consider. Year-to-Year Comparison - Once a draft 2023 tax return is prepared, compare it to 2022.

Taxes 158

Taxes Retirement Plan Deductible Deductions 158

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 200

Salary Taxes Payroll 200

HR Digest

MARCH 5, 2025

As of March 6, 2025, sentiment on tax exemption on overtime pay is shifting. States with no tax on overtime pay are rare, but theyre making huge waves by leaning towards tax exemption on overtime pay. States with no tax on overtime pay are rare, but theyre making huge waves by leaning towards tax exemption on overtime pay.

Overtime 52

Overtime Taxes Payroll Payroll System 52

PayrollOrg

JULY 19, 2023

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

Electronics 200

Electronics Taxes Employment IT 200

PeopleKeep

OCTOBER 23, 2024

With a QSEHRA, employees can buy their own individual health insurance policies and get tax-free reimbursements for their premiums and other medical costs. According to our 2024 QSHERA Report , 42% of all QSEHRA reimbursements were for premiums.

Health Insurance 105

Health Insurance Healthcare Insurance Medical 105

WEX Inc.

JANUARY 2, 2025

As we prepare for another exciting year of sharing the latest trends and practical insights to improve your benefits experience and that of your employees, lets take a moment to revisit our top 2024 benefits blog posts. Non-compliance can lead to significant consequences, including taxes on benefits and potential IRS penalties.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

PayrollOrg

MAY 22, 2023

The SSA/IRS Reporter, second quarter 2023, contains two articles written by PayrollOrg on the IRS’s lowered electronic filing threshold beginning in 2024 and valuating digital assets for federal tax purposes.

Electronics 260

Electronics Taxes 260

Employee Benefit News

JUNE 10, 2024

Without government intervention, it's estimated that Medicare funds will run out by 2036.

Taxes 290

Taxes Government IT Healthcare 290

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

HR Lineup

JUNE 6, 2024

Here are ten of the best HR apps in 2024 that can simplify the workday of an HR manager. Benefits: Streamlined payroll and tax filing processes. Key Features: Payroll Processing: Simplifies payroll calculations and tax filings. Key Features: Payroll and Tax Compliance: Ensures accurate payroll processing and tax compliance.

Management 188

Management Payroll Human Resources Software 188

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 130

Payroll Software Payroll Software Online Payroll 130

Flimp Communications

DECEMBER 5, 2024

January: Starting Off on the Right Foot The most common New Year’s resolution among Americans for 2024 was “save more money,” followed closely by “be happy,” “exercise more,” “improve physical health,” “eat healthier,” and “improve mental health.” Are you sensing a common theme?

Healthcare 105

Healthcare Taxes Voluntary Benefits PTO 105

WEX Inc.

DECEMBER 26, 2024

Mobile wallets , instant payments , and AI integration are just a few of the trends impacting the way businesses transact in 2024. As we move into 2024, its time to challenge these myths and consider the innovative solutions driving the future of business payments. It is not legal, tax or investment advice.

Entertainment 59

Entertainment Banking Taxes Construction 59

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

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

Professionals Alternative

SEPTEMBER 24, 2024

Their responsibilities encompass a wide range of tasks, including processing payroll, ensuring compliance with tax regulations, and addressing any payroll-related queries from employees. Moreover, expertise in reconciliation, 941s, W-2 forms, and employee tax information management is highly sought after by employers.

Payroll 52

Payroll Payroll Manager Taxes Overtime 52