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Your 2025 benefits compliance checklist: What you need to know

WEX Inc.

March 31, 2025: Electronic filing deadline for 1095-C forms. Flexible spending accounts (FSA) Flexible spending accounts (FSAs) offer a valuable tax-advantaged benefit, but the IRS use-or-lose rule can result in forfeited funds if employees dont use their balances by the deadline.

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People over perks: Bridging employee benefits with strong HR

Insperity

Add health savings accounts and flexible spending accounts. Therefore, if possible, incorporate flexibility into your workplace , including remote or hybrid work options and flexible scheduling. Child and elder care assistance (flexible spending accounts or company reimbursements to cover these costs).

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What are The Pre-Payroll activities? A detailed overview

Qandle

This includes employee details such as names, addresses, social security numbers, tax withholding information, bank account details for direct deposit, and any changes in employment status or compensation. This may involve collecting timesheets, time clock records, or electronic time tracking data.

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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

For health flexible spending accounts (FSAs), allowing participants to enroll mid-year, increase or decrease their annual contribution amount, or pull out of the plan altogether and stop contributing. For 2022, the affordability level will be 9.61% of their household income, down from 9.83% in 2021.

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Are There Tax Documents for Your Pre-Tax Benefits?

Benefit Resource Inc.

We’re here to provide you with a short guide to help you understand the required tax documents for your pre-tax benefits. . A Health Savings Account (HSA) is a savings account that provides tax-free contributions and potential tax deductions for qualified medical expenses incurred by the holder.

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Finding the sweet spot for your FSA election

Benefit Resource Inc.

If you have a Flexible Spending Account (FSA), you know that every year during Open Enrollment (OE), you choose how much to put aside in the account, otherwise known as your election. Let’s be honest– one of the main reasons you enrolled in a pre-tax account was to save money. Estimating Tax Savings.

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10 steps to maintain end-of-year payroll compliance

Business Management Daily

Some payroll tax compliance items are completed quarterly, or more frequently throughout the year. While you need to have the W-4 form with the withholding selections from employees in order to pay them properly, W-9s are mostly used for year-end reporting, as taxes are not taken out from their checks.

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