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Strategic Compliance: Wage Garnishment Risk Avoidance

HR Bartender

That’s the payroll department. Payroll departments do handle the processing of wage garnishments. But make no mistake, when employees have a question about their paycheck, including deductions like a wage garnishment, the first place they often go is HR. We need to know how to answer questions and support payroll processing.

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HSA vs. 401k vs. IRA: How do these retirement accounts stack up

WEX Inc.

There are two important distinctions related to healthcare costs when comparing an HSA with a 401(k) and IRA: 1) Contributions and withdrawals With an HSA, contributions made through payroll deductions are tax-free. Get your free white paper. Withdrawals to purchase eligible medical expenses are also tax-free.

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Understanding Payroll Deductions and Employee Benefits Taxes

Hppy

Employers have the responsibility to accurately calculate payroll deductions and pay employee benefits taxes. Payroll Deductions. There are some payroll deductions that are completely necessary and you must calculate them correctly. What employee benefits can you deduct on your tax return?

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How HSAs can transform retirement planning and your common questions

WEX Inc.

Click below to get your free HSA retirement white paper. HSA contributions made through payroll are not subject to the 7.65% FICA tax. With an HSA, pre-tax payroll contributions are exempt from both income taxes and the 7.65% FICA tax.” What employees are saying about finances and retirement?

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Automating HR Tasks For Workplace Efficiency

Hppy

Here are four ways that HR professionals are currently using automation to streamline their job functions: Payroll. Payroll is the most commonly automated aspect of HR today. The primary reasoning behind automating payroll is to save time and eliminate human error. Background Checks/Reference Checks.

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Fleet cards: It’s all in the numbers

WEX Inc.

Download our “Efficient fuel purchasing” white paper Learn how to manage fuel price fluctuations and develop a top notch fueling strategy for your business. Review and update payroll records: Ensure all payroll records are accurate and up-to-date, including benefits and deductions.

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