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Common Tax Forms Employers Need to Know: A Complete Guide

HR Lineup

The information on Form W-2 includes total wages earned, federal and state income tax withheld, Social Security and Medicare taxes withheld, and any other deductions or contributions such as retirement plan contributions. Form 1099 Form 1099 is a series of documents used to report various types of income other than wages, salaries, and tips.

Taxes 246
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Buyer’s guide to car salary sacrifice schemes

Employee Benefits

Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes?

Salary 98
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Tax Exemption on Overtime Pay, What HR needs to know for 2025

HR Digest

However, federal income tax, along with Social Security and Medicare deductions, reduce the overall net gain. The tax overtime proposal could significantly make overtime more appealing, potentially encouraging employees to volunteer for extra shifts in demanding fields like healthcare, manufacturing and logistics.

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The essential guide to payroll in the Philippines

Ascender

While the Philippines is still considered an emerging market, it enjoys a strong and stable economy with low-interest rates, a focus on growing industries such as manufacturing and agribusiness, and a young and educated workforce. Some non-taxable allowances are often factored into a worker’s salary package. Reporting and compliance.

Payroll 97
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The essential guide to payroll in New Zealand

Ascender

Its major industries are tourism, manufacturing, and agriculture, with information technology growing rapidly. Employees may take an extended leave in case of a work-related accident, and employers are required to cover 80% of the employee’s salary on the first week. Tax and other deductions. Corporations are taxed 28%.

Payroll 90
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Expert Q&A: Understanding the DOL’s Overtime Rules

HR Digest

Under the new proposal, people earning a salary level of $679 for 40 hours per week (about $35,308 annually), will be eligible for overtime pay based on varied duties. Increase in minimum salary required for an employee to qualify for exemption from overtime raised to $679 from $455 per week. Hence, the new proposals.

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6 must-have policies for a strong employee handbook

Insperity

Chances are, the manager is just trying to help his friend get the annual salary increase – and doesn’t realize he may be discriminating against the rest of his team. You also want to cover your legal bases by explaining things like payroll deductions, overtime, the Family and Medical Leave Act and the workers’ compensation policy.