Remove Bonuses Remove roth 401(k) Remove Taxes
article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Sometimes referred to in the same conversation as an FSA, an HSA is a savings account that lets employees set aside money on a pre-tax basis to pay for qualified medical expenses.

401(k) 98
article thumbnail

Learn from payroll year-end mistakes or repeat them

Business Management Daily

Executive compensation committee: 20% excise tax on golden parachute payments, income from the exercise of nonstatutory stock options and nonqualified deferred compensation. Ensure that for accounting purposes, all income and expenses are accounted for prior to calculating shareholders’ year-end bonuses. for year-end adjustments.

article thumbnail

How Employee Perks Can Help Companies in the US

Vantage Circle

These incentives span a wide array, from health benefits and retirement plans to flexible work arrangements, financial bonuses, and professional development opportunities. A 401(k) is a tax-advantaged retirement savings program provided by employers. Thus, in the competitive landscape of the U.S. How to Offer?