WEX Inc.

NOVEMBER 21, 2024

Employers leveraging data-driven platforms to offer customized options will stand out regarding employee recruitment and retention. Employers that empower employees to access and use benefits on their terms will likely see higher engagement and loyalty.

Employee Benefits 52

Employee Benefits 401(k) Employment Health Savings Account 52

Kollath CPA

JANUARY 13, 2022

What Exactly Is a “Tax Year”? A tax year is an annual accounting period for keeping records and reporting income and expenses. Types of Tax Year. A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but doesn’t have to end on the last day of the month. Calendar Year.

Taxes 98

Taxes Consulting Employment IT 98

Employee Benefits

JUNE 6, 2023

The government has launched a consultation on non-discretionary tax-advantaged employee share schemes , including sharesave schemes and share incentive plans (Sips) as part of its aim to improve and increase their usage. The consultation will be open for responses until 25 August 2023.

Consulting 52

Consulting Government Taxes Recruitment 52

HR Digest

JANUARY 31, 2019

For these offices, seeking the help of a small business consultant makes no sense. But no matter how innovative they may be, some benefits still elude them for neglecting the services of a business consultant. Here are some notable benefits of hiring a small business consultant. Time and money is saved.

Consulting 92

Consulting Taxes Utilities Recruitment 92

PeopleKeep

JUNE 8, 2022

With a tight labor market caused by a record number of resignations and job openings, employers need to go above and beyond to attract and retain top talent. Offering competitive employee benefits packages is a great way to attract and retain your employees, with many employers looking to employee stipends and fringe benefits.

Taxes 100

Taxes Benefits Package Consulting Education 100

BerniePortal

MARCH 5, 2020

*This blog is adapted from the HR Party of One episode, Tips for Employer Taxes, which you can view below. Tax season is among us - so today, we’re covering what HR Parties of One need to know. Paying employer contributions for FICA taxes. Paying other employer business taxes. percent Medicare tax.

Taxes 52

Taxes Employment Deductions Deductible 52

Employee Benefits

NOVEMBER 22, 2023

The government is to consult on expanding the Pension Protection Fund’s (PPF) role to act as a consolidator for defined benefit (DB) pension schemes that are deemed “unattractive to commercial providers” and are not currently served by the market. Any public consolidator must be voluntary and separate.”

Consulting 59

Consulting Government Pension Finance 59

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

Money Talk

OCTOBER 10, 2024

Fewer than 20% of employers provide pensions and the Social Security trust fund is estimated to run out of money in 2033. At the point that reserves are depleted, FICA tax income will be able to pay only about 77% of scheduled benefits. What to do?

Pension 195

Pension Taxes Deductions Deductible 195

Business Management Daily

SEPTEMBER 16, 2024

Professional employer organizations (PEOs) offer a cost-effective solution to this problem. Besides the cost savings, working with a PEO can yield many benefits to employers. NAPEO (National Association of Professional Employer Organizations) economists Laurie Bassi and Dan McMurrer conducted research into PEOs.

Professional Employer Organization 52

Professional Employer Organization Employment Taxes Payroll 52

Employee Benefits

FEBRUARY 1, 2023

The Department of Work and Pensions (DWP) has launched a public consultation on a policy framework for broadening collective defined contribution (CDC) provision in pension schemes. The consultation began this week and will close on Monday 27 March.

Pension 64

Pension Consulting Government Employee Benefits 64

Employee Benefits

MAY 16, 2023

Employers can help by offering flexible work arrangements, discounted leisure and dining vouchers, and signposting staff to government support. Employers that can be seen to help will benefit from more productive and motivated staff. Flexible-working arrangements are an obvious place to start.

Employment 111

Employment Government Taxes Entertainment 111

Fringe Benefit Analysts

MAY 8, 2022

As many employers and businesses are aware, employee benefits packages are very important considerations for candidates when they are being scouted by recruiters. They will also navigate employers and employees through the layered and complicated task of implementing such plans to reduce complications or errors.

Consulting 52

Consulting Employee Benefits Benefits Package Health Insurance 52

Qandle

JULY 10, 2024

Professional Employer Organizations (PEOs) have emerged as a strategic solution for managing human resources effectively. What is Professional Employer Organization (PEO)? What is Professional Employer Organization (PEO)? Looking for the Best HR Software India ? Check out the Best HR Software India.

Professional Employer Organization 77

Professional Employer Organization Employment Benefits Package Payroll 77

Benefit Resource Inc.

MARCH 31, 2023

As an employee with a Health Savings Account (HSA), knowing what you need to report during tax season is important. Even though HSAs can be complex, tax reporting shouldn’t be a headache. With this information, you’ll be better equipped to tackle your HSA taxes. What are the tax benefits of an HSA?

Health Savings Account 52

Health Savings Account Taxes Healthcare Medical 52

WEX Inc.

SEPTEMBER 26, 2024

If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Luckily for you, we’re sharing our insights on the top four questions employers ask when considering outsourcing benefits administration. Download now!

Employment 52

Employment Flexible Spending Account Flexible Spending Education 52

Employee Benefits

SEPTEMBER 18, 2024

Employers can play a crucial role in helping them through such difficult times by providing access to group risk benefits that give them the practical support they need when it matters most. This has evolved as the NHS delays compel employers and individuals to look for alternative ways to access health and wellbeing services quickly.”

Employment 64

Employment Life Insurance Insurance Healthcare 64

Business Management Daily

AUGUST 2, 2022

The DOL stated that the proposed rule is in response to the frequent misclassification of employees, which they called “one of the most serious problems facing affected employees, employers, and the U.S. These frequent changes make it difficult for employers to keep up. Who can be classified as an independent contractor?

Employment 98

Employment Taxes PTO Overtime 98

WEX Inc.

JUNE 18, 2024

According to the Bureau of Labor Statistics , employers typically pay around 80% of traditional employer-sponsored healthcare plans on behalf of employees. By focusing on early intervention and wellness initiatives , employers can address health concerns before they escalate into costly medical interventions.

Healthcare 98

Healthcare Utilities Medical Taxes 98

Employee Benefits

JULY 17, 2024

The Transfer of Undertakings (Protection of Employment) Regulations 2006 (Tupe), the UK law which implemented the Acquired Rights Directive into UK law, require that an employer acquiring the employees and possibly workers of another must honour their terms and conditions, including holiday, pay and other benefits, with very limited exceptions.

Employment 64

Employment Consulting Government Employee Benefits 64

Employee Benefits

AUGUST 19, 2024

Credit: Mistervlad/Shutterstock Need to know: The Labour government’s Employment Rights Bill will enhance employee rights but there are concerns that proposals could have unintended consequences, adding cost, disadvantaging some businesses and their employees, and affecting recruitment strategies.

Government 59

Government Pension Employment Consulting 59

WEX Inc.

MARCH 20, 2023

If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Luckily for you, we’re sharing our insights on the top four questions employers ask when considering outsourcing benefits administration.

Employment 98

Employment Flexible Spending Account Flexible Spending Education 98

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

WEX Inc.

OCTOBER 9, 2024

It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer some HSA and FSA FAQs. Both allow employees to set aside pre-tax funds to cover qualified medical expenses, but that’s where most of the similarities end. While this is technically possible, it depends on the type of FSA offered by the employer.

Flexible Spending Account 95

Flexible Spending Account Health Savings Account Flexible Spending Taxes 95

WEX Inc.

NOVEMBER 14, 2024

Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses. Health savings accounts have a triple-tax advantage, meaning distributions for qualified medical expenses and investment returns are tax-free, and contributions are tax-deductible.

401(k) 98

401(k) Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

OCTOBER 30, 2024

As an employer, providing a robust employee benefits package is only half the battle. Health savings accounts (HSAs) HSA participants save money by contributing funds to their HSA pre-tax. Ensure these resources highlight the triple-tax savings, long-term investment potential, and portability between jobs that HSAs offer.

Education 52

Education Health Savings Account Taxes Consulting 52

Business Management Daily

JULY 28, 2022

To be mindful of the personal aspect of the payroll relationship between employer and employee and to ensure that harmony is maintained through constant concern for the Payroll Professional’s fellow employees. To maintain the absolute confidentiality of the payroll within the procedures of the employer. No, according to the IRS.

Taxes 59

Taxes Payroll IT Payroll Manager 59

Employee Benefits

OCTOBER 6, 2023

The majority (85%) of organisations plan to enhance their benefits packages for employees, according to research by HR and employee benefits consulting services firm Gallagher. Just over four-fifths (84%) employers have implemented hybrid-working policies, while 43% offer compressed hours and 15% have a four-day working week.

Benefits Package 59

Benefits Package Employment Voluntary Benefits Consulting 59

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. Employers determine whether their medical FSAs include a carryover. It is not legal or tax advice. What is a FSA?

Flexible Spending Account 105

Flexible Spending Account Flexible Spending Health Savings Account IT 105

Employee Benefits

JANUARY 16, 2023

Record high inflation in the UK is resulting in some employers increasing pay levels in an attempt to keep up. Alongside one-off payments and pay rises, employers may want to consider investing in a long-term strategy to ensure the financial wellbeing of their employees. Pay strategy changes.

Employment 105

Employment Salary Consulting Pension 105

WEX Inc.

AUGUST 29, 2024

There is a wide range of potential treatments and services, including: In vitro fertilization (IVF) Fertility medications Diagnostic testing Egg freezing Fertility counseling and consultations Adoption assistance And more What fertility treatment does an HSA or FSA cover? It is not legal or tax advice. Here are a few to-dos for you.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

JUNE 25, 2024

Employers are increasingly recognizing the importance of providing ample time off to their employees with more than 80% of U.S. employers planning to change their leave policies over the next two years. And employers are recognizing this more than ever. It is not legal or tax advice. The percentage of U.S.

Paid Leave 98

Paid Leave Parental Leave Taxes Consulting 98

Benefit Resource Inc.

MAY 2, 2023

As a result, many employers are in hyper-vigilance mode, anticipating the next recession and bracing themselves for a potentially difficult ride. In this climate, employers are considering a range of strategies to mitigate their financial risks in anticipation of a possible recession.

Employment 52

Employment Flexible Spending Account Benefits Package Healthcare 52

WEX Inc.

JUNE 13, 2024

An HSA is … A health savings account (HSA) is a tax-advantage account that participants can pay for healthcare expenses, save for the future, and invest to build your savings. HSAs are portable, meaning that you can take it with you if you change employers and into retirement where funds may be used for non-qualified medical expenses.

401(k) 96

401(k) Retirement Plan Health Savings Account Deductions 96

Employee Benefits

JULY 24, 2024

The King’s Speech on 17 July saw the new UK government reaffirm its commitment to introduce new employment legislation in Parliament within its first 100 days in office. In the meantime, employers should start to assess how their businesses could be impacted.

Employment 59

Employment Government Consulting Employee Benefits 59

WEX Inc.

NOVEMBER 19, 2024

If the employee is enrolled in a qualifying high-deductible health plan (HDHP) , does not have any disqualifying coverage, and cannot be claimed as another’s tax dependent, the employee is eligible to contribute to an HSA. It is not legal, tax or investment advice. For more information go to www.benefitcomply.com.

Health Savings Account 52

Health Savings Account Deductible Deductions Taxes 52

WEX Inc.

JULY 10, 2024

Did you know employers can enhance their benefits offerings by incorporating voluntary benefits? But what exactly are voluntary benefits, and how can employers design an effective plan? Voluntary benefits are additional benefits offered by employers that are typically paid for by employees. It is not legal or tax advice.

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Utilities Taxes 98