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QSEHRA Rules You Need to Know

PeopleKeep

But if you’re a small employer, you may think quality employee benefits are out of reach. With the QSEHRA, you can provide health benefits to your workforce in a tax-efficient manner. However, failure to comply with the rules governing this arrangement can lead to costly penalties and legal implications.

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Useful Information from 2022 Webinars- Part 2

Money Talk

Tax Planning - Until 12/31/25, taxes are “on sale.” Nobody has a crystal ball, but we know that tax rates will rise starting in 2026 when the Tax Cuts and Jobs Act expires. There are only two ways to reduce taxes: 1. When the government lowers tax rates. Make less income and 2.

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Government maintains national insurance contributions freeze

Employee Benefits

Autumn budget 2022: The government has decided to maintain the current freeze on employers’ national insurance (NI) contribution thresholds for a further two years. “A lower tax regime keeps unemployment low, maximises government receipts through income tax and corporation tax.

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Role of Payroll Software in Eliminating Compliance Risks

Qandle

For companies of all sizes, adhering to labor rules, tax laws, and industry standards is a major challenge. Compliance risk in payroll refers to the potential for errors, omissions, or violations of laws and regulations that govern employee compensation. Payroll management is a crucial responsibility for any business.

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Government launches holiday pay consultation

Employee Benefits

The government has launched a consultation into the way holiday pay and entitlement is calculated for temporary, part-year and zero hours workers. The consultation is intended to explore how the process of calculating holiday pay for these groups can be simplified for employers and provide clarity to employees.

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Summary Annual Report for employee benefit plans

PeopleKeep

If you’re an employer offering various employee benefit plans , you must understand your responsibilities regarding compliance and taxes. If the benefits you offer require filing Form 5500 with the Department of Labor (DOL), you must also deliver the Summary Annual Report (SAR) to plan participants.

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Government introduces holiday pay and entitlement reforms

Employee Benefits

The UK government has implemented reforms to simplify holiday pay calculations and entitlement as per the Working Time Regulations. The post Government introduces holiday pay and entitlement reforms appeared first on Employee Benefits. weeks paid at basic rate while retaining the two different types of leave.