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4 HDHP trends you don't want to miss

WEX Inc.

More employees are enrolling in a high-deductible health plan (HDHP) each year, including more than half of U.S. HDHP vs. PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO). It is not legal or tax advice.

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

WEX Inc.

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.

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Strategic Compliance: Wage Garnishment Risk Avoidance

HR Bartender

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. In the ADP Research Institute white paper “ The U.S. Tax levies is second at around 19% and bankruptcy orders are third at 5%. 3 – DEDUCTION LIMITS.

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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. These include Social security, Federal tax and state and local tax.

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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. Withdrawals for HSA eligible medical expenses are tax-free. HSA funds can be invested , and earnings through investment accumulate tax-free. Yes,” Cook said.

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Automating HR Tasks For Workplace Efficiency

Hppy

Payroll automation allows for computing wages, deducting mandatory withholding such as income and social security tax, and streamlining of record keeping. Find out how you can use people analytics to predict, manage and measure the impact of HR operations by downloading our new white paper.

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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. Business reporting & tax prep – tips and tricks for year-end The period of year-end reporting can be a busy time for small businesses.

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