Money Talk

AUGUST 30, 2022

Chapter 3 - Three tricky retirement expenses to project in advance are health care, housing, and taxes and the four Ls of spending in later life are Lifestyle, Longevity, Legacy, and Liquidity. Chapter 10- Tax-efficient distributions, tax diversification, and tax bracket management can prolong the sustainability of retirement savings.

Retirement Plan 246

Retirement Plan Taxes Finance Pension 246

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 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

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

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age divisor in the Uniform Lifetime Table to determine the minimum amount (which is taxable income) that must be withdrawn.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 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 86

Taxes Employment Payroll Payroll System 86

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

Money Talk

JUNE 20, 2024

Consult Your Spouse First - Talk with your spouse about the issues that you are consulting an attorney about. This situation has implications for taxes and asset transfers. Be open and honest about family disfunction issues and know that an attorney is there to help you, not to judge you.

Finance 152

Finance Consulting Banking Taxes 152

Money Talk

APRIL 21, 2022

Other common designations for financial advisors are ChFC® (Chartered Financial Consultant®) and CPA®/PFS™ (Certified Public Accountant®/Personal Financial Specialist™). life planning, tax planning, and investment management) and/or types of clients an advisor specializes in. Determine if the planner’s specialties match your situation.

Commissions 188

Commissions Finance Retirement Plan Consulting 188

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

McDermott Will & Emery Employee Benefits

NOVEMBER 9, 2023

Asserting that many employers have improperly claimed Employee Retention Tax Credit (ERTC) refunds, the Internal Revenue Service (IRS) released two new announcements that address ERTC claims.

Employment 105

Employment Taxes Employee Retention Consulting 105

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

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.

JUNE 18, 2024

By allowing employees to consult with healthcare professionals remotely, telemedicine reduces the inconveniences associated with in-person healthcare and encourages early intervention. It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

Healthcare 98

Healthcare Utilities Medical Taxes 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.

MAY 10, 2024

An HSA participant can use their funds to pay for eligible expenses for: Themselves Their spouse Any HSA eligible dependents claimed on their tax return Anyone they could have claimed as a dependent but weren’t able to What happens when a participant contributes more to their HSA than is allowed? It is not legal or tax advice.

Health Savings Account 105

Health Savings Account Deductible Deductions Taxes 105

Insperity

JANUARY 5, 2023

Many EAPs offer free legal consultations with a pre-approved roster of attorneys, with continued legal services offered at a discount. Often, employees will get a free initial consultation with a discount on continued services. Obtaining financial and tax advice. Taxes are an annual drudgery we all have to deal with.

Taxes 126

Taxes Healthcare Entertainment Consulting 126

Attorney Charlie Hall

AUGUST 15, 2021

If evidence is unavailable or insufficient to make a determination, the DDS may arrange a Consultative Examination (CE) to obtain additional evidence. During a Consultative Examination, an independent physician or psychologist conducts an examination of the claimant.

Medical 228

Medical Consulting Disability Insurance Government 228

WEX Inc.

AUGUST 29, 2023

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.

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 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. Glenn Cameron, investment consultant at actuarial and pension specialists Cartwright, believes one of the currencies, Bitcoin, will become mainstream.

Global Payroll 105

Global Payroll Employment Taxes Pension 105

Insperity

AUGUST 5, 2021

Before you start to pack any boxes, obviously, it’s wise to consult legal counsel. How might taxes, payroll and your company’s relocation impact your business? How might taxes, payroll and your company’s relocation impact your business? A tax expert can be useful as you explore this aspect of a potential move.

Taxes 105

Taxes Payroll Payroll Service Consulting 105

Kollath CPA

NOVEMBER 24, 2021

To offer potential tax benefits. . Sometimes, corporate tax rates are lower than individual tax rates. Plus, there are additional tax benefits and deductions for corporations that are not available to individuals. By incorporating, you’ll lower what you owe in self-employment taxes — but not always.

Taxes 97

Taxes Deductible Deductions Banking 97

Insperity

FEBRUARY 11, 2021

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Most payroll services use automation to calculate wages, taxes and other withholdings properly and to generate and file tax returns. Locate or apply for your tax ID.

Payroll 103

Payroll Overtime Deductible Deductions 103

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

WEX Inc.

JULY 9, 2023

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. Contributing to this benefit reduces taxable income and spreads the benefits of pre-tax dollars throughout the year, helping you save 30 percent or more on your dependent care costs. It is not legal or tax advice.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Taxes Consulting 98

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. The tax savings are significant. Withdrawals for eligible expenses are tax-free.

Flexible Spending Account 95

Flexible Spending Account Health Savings Account Flexible Spending Taxes 95

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

WEX Inc.

JUNE 25, 2024

It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. By offering adequate bereavement leave, employers can show their employees they care about their wellbeing and help foster a caring workplace.

Paid Leave 98

Paid Leave Parental Leave Taxes Consulting 98

Benefit Resource Inc.

SEPTEMBER 7, 2023

They are a beneficial addition to your employee benefits because of the flexibility and tax advantages they provide. Streamlined Record-keeping : Tax season can be a breeze when you only have one HSA to account for. It’s essential to use a trustee-to-trustee transfer to avoid any tax consequences.

Health Savings Account 101

Health Savings Account Healthcare Taxes Finance 101

Achievers

NOVEMBER 1, 2016

One Catalyst estimate states that turnover-related costs amount to 12 percent of pre-tax income for a typical company; and these figures don’t begin to describe the internal stress created when someone quits, or the hit your brand can take if a disgruntled departing worker shares their displeasure on social media.

Employee Retention 180

Employee Retention Employee Recognition Work From Home Media 180

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. A 401(k) is … A 401(k) is a retirement savings plan offered by many employers that provides tax advantages.

401(k) 96

401(k) Retirement Plan Health Savings Account Deductible 96

HR Digest

AUGUST 28, 2023

The tax treatment for both types of plans is the same. You should consult with a financial advisor to determine which type of plan is right for you. For the 2022 tax year, the maximum employee contribution limit was $20,500. A traditional 401k is typically offered by employers to their employees. Who Qualifies for a Solo 401k?

401(k) 98

401(k) Retirement Plan Taxes Consulting 98

WEX Inc.

AUGUST 10, 2023

Thanks to the (CARES) Act , you can use HSA or FSA pre-tax dollars to purchase over-the-counter medications with your pre-tax dollars — these include allergy medicine , pain relievers , heartburn medication , acid reflux relief and cold and flu remedies. It is not legal, financial, or tax advice. OTC medicines.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

MAY 15, 2024

It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Some topics involving addressing these issues can include: Employee workload Communication Leadership Want to learn more about how you can support your employees?

Taxes 98

Taxes Consulting Education Employee Wellness 98