WEX Inc.

OCTOBER 30, 2024

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. It is not legal or tax advice. The funds are then available for use on eligible expenses.

Education 95

Education Health Savings Account Taxes Consulting 95

HR Lineup

FEBRUARY 16, 2023

While the service is primarily known for its ease of use and convenience, it is important for users to understand the tax implications of using Cash App. This income is typically reported on a 1099 form, which will be provided to you by Cash App if you earn more than $600 in a given tax year.

Taxes 130

Taxes Deductible Deductions Consulting 130

Money Talk

MARCH 2, 2023

Last year, I noticed a new trend that has continued into 2023: ads on social media about online financial seminars focused on required minimum distributions (RMDs) and income taxes owed in later life. Teaser Tools- Some presenters offered free resources- but only to webinar viewers who made appointments for a consultation.

Taxes 245

Taxes Consulting Education Finance 245

WEX Inc.

JULY 10, 2024

It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. .” Learn more about employee benefits by subscribing to our blog ! The information in this blog post is for educational purposes only.

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Utilities Taxes 98

HR Digest

APRIL 4, 2025

The upcoming No Tax on Overtime (H.R. With the proposal still in limbo around federal and state tax policies, many are eager to understand how this tax exemption on overtime pay could impact their final paychecks. In this article, well answer key questions around No Tax on Overtime in Virginia.

Overtime 52

Overtime Taxes Government Consulting 52

WEX Inc.

JULY 30, 2024

It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Want to know more about benefits budget conversation? Watch our podcast episode below! The information in this blog post is for educational purposes only.

Taxes 98

Taxes Education Benefits Package Salary 98

WEX Inc.

SEPTEMBER 19, 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 information in this blog post is for educational purposes only. WEX receives compensation from some of the merchants identified in its blog posts.

Health 98

Health Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

NOVEMBER 21, 2024

Additionally, health savings accounts (HSAs) continue to gain attention as a powerful tool for retirement planning, offering tax advantages and the ability to save for future healthcare costs. It is not legal, tax or investment advice. Simply hit the “Subscribe” button above or submit your email address in the form below.

Employee Benefits 104

Employee Benefits 401(k) Employment Health Savings Account 104

WEX Inc.

JULY 9, 2024

By contributing more to your HSA, you can use these pre-tax funds to pay for eligible routine or unexpected healthcare expenses that your healthcare plan may not cover. Funds generally grow tax-free within an HSA, but only about 8% of HSAs are investing. It is not legal or tax advice. The post It’s July.

Health Savings Account 98

Health Savings Account Healthcare Medical Taxes 98

Employee Benefits

JANUARY 13, 2023

The government has launched a consultation into the way holiday pay and entitlement is calculated for temporary, part-year and zero hours workers. The consultation is intended to explore how the process of calculating holiday pay for these groups can be simplified for employers and provide clarity to employees.

Consulting 105

Consulting Government Education Employment 105

WEX Inc.

NOVEMBER 14, 2024

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. You won’t need to pay Social Security or Medicare tax on the funds going into the FSA. It is not legal or tax advice.

401(k) 98

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

HR Lineup

DECEMBER 22, 2021

Merces Consulting Group. Merces Consulting Group, Inc was once called the Management Resource Center. It offers independent consulting services to the managers of different types of organizations. This service offering assists businesses to manage their human resource costs, particularly unemployment tax costs.

Retirement Plan 246

Retirement Plan Employee Compensation Human Resources Consulting 246

HR Digest

MARCH 12, 2025

This article unpacks the fringe benefits definition, explores their types and examples, and offers a clear overviewincluding tax implications and practical guidance for employers navigating the IRS fringe benefits guide. The Tax Angle: Taxable Fringe Benefits and IRS Guidance Not all employee perks are tax-free.

401(k) 72

401(k) Health Insurance Taxes Retirement Plan 72

HR Lineup

SEPTEMBER 1, 2021

The software should be very effective to manage taxes and employee benefits. Automatic Data Processing Inc is the provider to consult. With QuickBooks, small businesses can prepare for their tax returns, by fully eliminating the need for manual processes. Take a look below at the list of payroll software for 2021: ADP.

Payroll Software 243

Payroll Software Payroll Software Human Resources 243

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

HR Lineup

JULY 6, 2023

Payroll Outsourcing: Payroll is a critical HR function that involves the calculation of employee salaries, tax deductions, and compliance with local labor laws. HR Consulting: HR consulting involves engaging external experts to provide strategic guidance and support in various HR areas.

Human Resources 246

Human Resources Outsourcing Payroll Retirement Plan Payroll 246

WEX Inc.

DECEMBER 3, 2024

It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. And watch our video below to learn more about the basics of a medical FSA. The information in this blog post is for educational purposes only.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Taxes 98

PeopleKeep

JUNE 8, 2022

This article will explain tax withholdings for fringe benefits, whether employee stipends are taxable, and how to administer compliant employee perks. You should consult with your legal counsel and tax advisers to determine the proper steps for your organization.

Taxes 105

Taxes Benefits Package Consulting Education 105

WEX Inc.

JUNE 20, 2024

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? Calculating your commercial vehicle spend and how it will be impacted at tax time, including mileage and leasing, can make a huge difference in your overall expenses.

Bonuses 98

Bonuses Taxes Deductible Deductions 98

HR Lineup

DECEMBER 1, 2023

With features like automatic tax calculations, invoicing, and expense tracking, it remains a top choice for businesses looking for a comprehensive solution. Its contractor-specific features make it easy to manage payments, tax forms, and contractor onboarding, all in one centralized location.

Payroll Software 246

Payroll Software Payroll Software Taxes 246

WEX Inc.

OCTOBER 29, 2024

It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Subscribe to our blog to stay up to date on the latest trends and insights with your employee benefits! The information in this blog post is for educational purposes only.

Voluntary Benefits 93

Voluntary Benefits Life Insurance Health Insurance 93

HR Digest

JUNE 23, 2023

Imagine a scenario where you are rewarded with a hefty sum of $26,000 per employee, just by gathering some data and filling out a tax form. Well, this isn’t a fantasy, it’s the reality of the Employee Retention Tax Credit (ERC). Your ERC Tax Credit is on its way! Sounds like a dream, right? Yes, you read that right.

Taxes 97

Taxes Government Employee Retention Consulting 97

WEX Inc.

JULY 24, 2024

For example, WEX benefits administration clients can take advantage of our custom communication workshops where we consult with key stakeholders to create a campaign, creative theme, and point of focus around a specific enrollment goal, or particular benefit offering for employee education outreach. It is not legal or tax advice.

Health Savings Account 59

Health Savings Account Taxes Health Insurance Consulting 59

Benefit Resource Inc.

APRIL 7, 2023

Since April is Stress Awareness Month, we’ve highlighted five pre-tax benefit services and resources to keep your stress levels low and your health levels high. Savings If you have a pre-tax benefit account like a Flexible Spending Account , Health Savings Account , or Commuter Benefit Account , you’re already ahead of the game.

Taxes 98

Taxes Flexible Spending Account Health Savings Account Flexible Spending 98

HR Bartender

JULY 11, 2023

One of the lessons that I had to learn as a consultant was just because I can do something doesn’t mean I should. A great example of this is my taxes. Can I prepare my own taxes? The time I spend doing tax-related stuff could be better spent generating revenue by working on client projects or building my business.

Taxes 96

Taxes Employment Payroll Payroll System 96

Money Talk

JULY 13, 2022

Simply divide the December 31, 2021 balance in each of your tax-deferred accounts by the appropriate age divisor in the Uniform Lifetime Table to determine the minimum amount (which is taxable income) that must be withdrawn. There are five different tiers of IRMAA tax. SHINE in some states) representative to answer questions.

Taxes 189

Taxes Retirement Plan Finance Consulting 189

Money Talk

JANUARY 19, 2022

Make Tax-Advantaged Gifts - Consider “bunching” charitable donations with other tax deductions (e.g., state income tax and local property tax) every so often (e.g., Another tax-advantaged way to benefit from charitable gifts is to open a donor advised fund (DAF) with a major brokerage firm.

Flexible Spending Account 187

Flexible Spending Account Taxes Pension Deductible 187

HR Lineup

SEPTEMBER 23, 2021

Automatic Data Processing Inc is the provider to consult. With QuickBooks, small businesses can prepare for their tax returns, by fully eliminating the need for manual processes. Our List of Best Compensation Tools in HRM. Are you wondering where to get a Human Resource provider for services and software?

Software 245

Software Management Human Resources Compensation System 245

WEX Inc.

DECEMBER 2, 2024

Emphasize the importance of virtual card payments and offer support from your payments consultant team. It is not legal, tax or investment advice. For legal, tax or investment advice, you should consult your own legal counsel, tax, and investment advisers. Reach out to these suppliers directly.

Technology 105

Technology Taxes Consulting Education 105

WEX Inc.

FEBRUARY 12, 2025

New regulations could affect everything from healthcare policies and labor laws to tax laws, all of which play a key role in benefits administration. Steps employers should take: Stay informed To navigate benefits administration compliance , employers should regularly consult trusted sources for updates on legislative changes.

Healthcare 52

Healthcare Health Insurance Taxes Paid Leave 52

HR Lineup

NOVEMBER 30, 2021

These services include HR consulting, payroll processing and tax filing, employees’ compensation insurance, safety, and risk management services, hiring across various jurisdictions, retirement vehicles, and more. You may think that working with a PEO means losing control of your business. Reduce Operational Risks.

Professional Employer Organization 245

Professional Employer Organization Human Resources Disability Insurance Insurance 245

WEX Inc.

OCTOBER 17, 2024

One intriguing possibility is that lower drug prices could lead to a shift in how employees use tax-advantaged benefits like HSAs and flexible spending accounts (FSAs). Consult benefits attorneys: Having access to legal expertise can help navigate complex regulatory landscapes and ensure compliance with new laws.

Employee Benefits 59

Employee Benefits Flexible Spending Account Health Savings Account Out of Pocket Cost 59

WEX Inc.

DECEMBER 11, 2024

You can use pre-tax dollars to save money on purchases such as hot/cold packs and heating pads. It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Back pain Sledding, skiing, snowball fights there are so many fun winter activities!

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

WEX Inc.

AUGUST 7, 2024

It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax, and investment advisers. Simply hit the “Subscribe” button above or submit your email address in the form below. The information in this blog post is for educational purposes only.

Banking 59

Banking Taxes Education Finance 59

WEX Inc.

JULY 31, 2024

It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax, and investment advisers. Simply hit the “Subscribe” button above or submit your email address in the form below. The information in this blog post is for educational purposes only.

Commissions 59

Commissions Taxes Banking Finance 59

WEX Inc.

JANUARY 2, 2025

A dependent care FSA allows employees to save up to 30% or more on childcare or elder care costs by using pre-tax dollars, lowering their taxable income. HSAs provide a powerful triple-tax benefit: tax-free contributions, growth, and withdrawals for qualified expenses, plus investment options to grow savings over time.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52

WEX Inc.

DECEMBER 12, 2024

It is not legal, tax or investment advice. For legal, tax or investment advice, you should consult your own legal counsel, tax and investment advisers. Learn how Benefit Assistant can put more time back on your HR teams schedule. Check it out here. The information in this blog post is for educational purposes only.

Health Savings Account 52

Health Savings Account Benefits Package Retirement Plan Taxes 52