401(k) Entertainment Taxes 
HR Bartender
APRIL 16, 2017
Today’s reader question deals with that: I am trying to find out if employee discount programs that companies sign up for (to offer their employees discounts) have tax consequences for the employee and/or company when the discounts are redeemed. Traditional benefits include employer-offered healthcare, a 401(k) program, and vision benefits.
Money Talk
DECEMBER 7, 2022
They must begin starting at age 72, unless taxpayers want to pay a hefty 50% tax penalty. In conversations with older adults at classes that I teach, many tell me that RMDs are affecting their income taxes in a big way. Withdrawals made at any age are taxed as ordinary income.
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Money Talk
OCTOBER 7, 2021
in an IRA and/or a 401(k) or similar employer retirement savings account) and earn higher pension and/or Social Security benefits, working longer delays the need to take withdrawals from retirement savings and see balances decline. . ¨ Waiting to Retire Has Benefits - In addition to providing more time to save money (e.g.,
Genesis HR Solutions
DECEMBER 5, 2019
401(k) options. Retail and entertainment discount program. 401(k) Plan. The 401(k) offering you pick should include these features: A secure web portal. Don’t leave any of your payroll or tax information to chance. State unemployment insurance tax account (SUTA) management.
Business Management Daily
JANUARY 5, 2021
The law also extends expiring tax provisions and everything that could be jammed into 5,593 pages of federal legislation three days before Christmas. The key payroll provisions include: An extension of the paid sick/ family leave provisions and your tax credit for providing leave. Extensions of popular payroll tax provisions.
Genesis HR Solutions
MARCH 26, 2019
This voluntary certification means the organization meets certain requirements regarding tax compliance, experience, business location, financial reporting, bonding, and other things. Certified PEOs take on additional responsibilities with regard to payroll administration, federal employment tax reporting, and payments of their clients.
Vantage Circle
AUGUST 16, 2021
The United States is one of the few countries where the government allows employers to offer tax-deferred retirement accounts. Retirement plans can be in the form of both a 401(k) plan and an employer match plan. It can reduce overall tax and compensation costs for the employer. However, it isn't always that easy.
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