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5 Emerging Benefits Trends to Look for in 2025

Best Money Moves

Compared to years prior, employees are more interested in retirement benefits and paid leave opportunities. One method of support employers are providing will come in the form of affordable deductibles. According to the report, 40% of large companies will offer a medical plan with a low or no deductible.

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The Ultimate Employee FnF Settlement Guide

Qandle

This process involves payment of the last working month’s salary, along with any additional earnings or deductions. Leave encashment : If the employee has any unused paid leave, the employer may have to pay for the same. It may also involve deductions for taxes, loans, or any other outstanding dues.

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Employment Law Overview in Peru

Global People Strategist

Navigating the intricacies of Peru’s employment landscape involves grasping key aspects such as general labor laws, tax regulations, and employee benefits. Tax Regulations Peruvian tax laws play a significant role in the employment landscape, impacting employers and employees.

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Colin Godfrey: Supreme Court ruling on unlawful wages deduction from unpaid or underpaid holiday pay

Employee Benefits

In a judgment that will be welcomed, the Supreme Court has determined that, in a claim by an employee for an unlawful deduction of wages arising from unpaid or underpaid holiday pay , a series of deductions will not be broken by a gap of three months or more. This will usually be as a claim for an unlawful deduction from wages.

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No further pandemic relief in the pipeline, but you still have options

Business Management Daily

For employees who have already run out of pandemic-related sick leave and need more, another section of the tax code—IRC § 45S—offers a corporate tax credit for voluntarily providing a minimum of two weeks of paid FMLA leave to certain employees. The Tax Cuts and Jobs Act hasn’t been kind to employers.

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Single Touch Payroll Phase 2: What to expect

Ascender

The first phase of STP reporting included high-level data such as Gross, Tax, Allowances, Deductions, Lump Sums and Fringe Benefits. The next phase sees the reports moving away from Payment Summary Annual Rules (PSAR) and Payment Summaries for allowances and deductions to “Income Types.” New Data Type Reporting.

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The 4 Best Benefits in 2024, According to Employees

Best Money Moves

Mental health benefits include everything from inclusive paid leave to workplace meditation. Retirement plans are tax deductible, flexible and are a great way to attract new talent to your business. Employees also value alternative health benefits, such as gym memberships, wellness programs and mental health programs.