Money Talk

MARCH 4, 2022

All of these events impact income taxes. This post describes thirteen tax-related topics (in no particular order) that people should be familiar with in later life. Income taxes on RMDs need to be planned for with tax withholding by the plan custodian or quarterly estimated payments to the IRS.

Taxes 245

Taxes 401(k) Deductions Deductible 245

WEX Inc.

MARCH 12, 2025

The season for filing taxes is upon us once again. We wanted to share a few tips and reminders about the health savings account (HSA) information youll need for your tax return. Make sure your W-2 form shows HSA payroll contributions Provided by your employer, your W-2 shows the wages you earned and any taxes withheld.

Taxes 103

Taxes Health Savings Account Deductions Deductible 103

HR Lineup

FEBRUARY 8, 2022

As an employer or business owner, there are various taxes that the federal and state government requires you to pay. For instance, the W-2 employee (FICA) tax requires you to withhold your workers’ money to cater for medicare and social security taxes. With the W-2, employers will also contribute a share of those taxes.

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Taxes 401(k) Government Insurance 243

PayrollOrg

AUGUST 18, 2023

Effective July 1, 2024, Vermont employers will be required to make contributions for a new state payroll tax. A portion of the tax may be withheld from employee wages, and the rest must be paid by the employer.

Taxes 260

Taxes Payroll Employment 260

WEX Inc.

NOVEMBER 21, 2024

Employers leveraging data-driven platforms to offer customized options will stand out regarding employee recruitment and retention. Employers that empower employees to access and use benefits on their terms will likely see higher engagement and loyalty.

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Employee Benefits 401(k) Employment Health Savings Account 104

PayrollOrg

AUGUST 23, 2024

The New York Department of Taxation and Finance has announced that changes will be coming to withholding tax and wage reporting forms and the online Web File services. The changes will impact employers on the filings due in March 2025.

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Taxes Finance Employment 260

PayrollOrg

MAY 2, 2023

The IRS issued a consumer alert that employers can pass on to their employees to help them be aware of tax scams involving Form W-2.

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Taxes Employment 260

PayrollOrg

APRIL 28, 2023

The IRS issued a consumer alert that employers can pass on to their employees to help them be aware of tax scams involving Form W-2.

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Taxes Employment 260

PayrollOrg

MARCH 9, 2023

The IRS issued a consumer alert that employers can pass on to their employees to help them be aware of tax scams involving Form W-2.

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Taxes Employment 260

Employee Benefit News

MARCH 21, 2024

Staying up to date on compliance and labor laws ensures a smooth, successful experience for employers and employees.

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Taxes Employment Management 298

PayrollOrg

FEBRUARY 12, 2025

PayrollOrgs most recent PayTalk Podcast episode, released February 7, provides insight on the ever changing state and local laws and how you can help your employers stay in compliance. Be sure to subscribe to PayTalk on your favorite podcast app so you dont miss a single episode.

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Taxes Payroll Employment 295

HR Lineup

JULY 21, 2023

When faced with this situation, businesses have two primary options for bringing on additional personnel: Employer of Record (EOR) services and Staffing agencies. In this article, we will explore the key distinctions between Employer of Record and Staffing, shedding light on which option might be best suited for different business needs.

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Employment Taxes Payroll Payroll Manager 246

PayrollOrg

JANUARY 17, 2022

Federal Payroll Tax Laws & Regulations. Federal Payroll Tax Laws & Regulations contains payroll-related sections of the Internal Revenue Code and Internal Revenue Service regulations. Federal Payroll Non-Tax Laws & Regulations. APAs Guide to Local Payroll Taxes. Content is updated on a regular basis.

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Electronics Payroll Online Payroll Taxes 493

Money Talk

SEPTEMBER 14, 2023

One of the niche audiences for my business, Money Talk , is older adults grappling with financial issues such as creation of a retirement “paycheck,” paying taxes on required minimum distributions (RMDs), and simplifying financial accounts. Tax-free accounts (e.g., Tax-free accounts (e.g., Tax-deferred accounts (e.g.,

Taxes 194

Taxes 401(k) Retirement Plan Pension 194

Money Talk

APRIL 14, 2022

The 2021 income tax season will soon be in the history books. With income tax calculations still fresh in our heads, this is a great time to do some tax planning for 2022. Here are 12 tax topics to consider: Itemized Deductions- Only about 10% of taxpayers can itemize since the Tax Cuts and Jobs Act went into effect in 2018.

Taxes 189

Taxes Family and Medical Leave Act 401(k) Deductions 189

HR Lineup

APRIL 4, 2023

With the rise of the gig economy and the growing trend of remote work, employers are struggling to keep up with the changing regulations and compliance requirements. This is where Employer of Record (EOR) services come in. What is an Employer of Record (EOR)? How Does the EOR Service Model Work?

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Employment Payroll Global Payroll Human Resources 246

Money Talk

MARCH 22, 2023

With 2022 income tax season well underway and almost three months already passed in 2023, now is an appropriate time to review some evergreen tax planning tools and techniques. A larger standard deduction means that taxpayers can shelter more income from income taxes. an elective surgery) that exceed 7.5%

Taxes 189

Taxes 401(k) Deductions Deductible 189

Money Talk

JUNE 16, 2022

If you picture retirement planning and taxes as a Venn Diagram, there is lots of overlap between these two areas of personal finance. This is true both during one’s working years (when taxpayers are saving for retirement) and later, when people are older and withdrawing taxable income from tax-deferred accounts.

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Taxes 401(k) Retirement Plan Pension 188

Money Talk

OCTOBER 11, 2023

For this post, I decided to reflect upon ten benefits of self-employment in later life that I (and other older entrepreneurs) have experienced: Additional Income - A successful business provides additional cash beyond Social Security and other expected sources of income in later life. Almost half of all U.S.

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Employment Deductions Deductible Taxes 215

PayrollOrg

AUGUST 3, 2023

Effective for tax years beginning on or after January 1, 2023, New Jersey adopted the convenience of the employer test for nonresident employees who are residents of states that impose the test.

Employment 260

Employment Taxes 260

HR Lineup

NOVEMBER 14, 2021

You see, most employers used to believe that physical or on-premise interviews were essential in making the right choice of candidates. This article lists the best employment tools 2022 to help you in managing your business effectively. This includes identifying employment tools and resources that fits right into your budget.

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Employment Recruitment Taxes Human Resources 237

HR Lineup

MARCH 31, 2023

One of the biggest challenges is managing the employer-employee relationship, and this is where Employer of Record (EOR) and Professional Employer Organization (PEO) services come in. They both offer a range of services, including payroll, taxes, benefits, compliance, and risk management.

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Professional Employer Organization Employment Human Resources Retirement Plan 244

HR Digest

MARCH 12, 2025

With no tax on overtime in California gaining momentum, the golden states tax exemption policy is being touted as a game-changer. But when does no tax on overtime start in California, and what does the overtime tax exemption in California mean for the states workforce? Late last month, on February 27, 2025, the U.S.

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Overtime Taxes Health Payroll 66

HR Lineup

MARCH 29, 2023

To achieve this, many organizations are exploring the advantages of using a Global Employer of Record (EOR) to help them navigate the complexities of managing employees in multiple countries. What is a Global Employer of Record (EOR)? They ensure that the employer complies with all the local laws and regulations related to employment.

Employment 246

Employment Payroll Taxes Payroll Manager 246

HR Digest

MARCH 5, 2025

As of March 6, 2025, sentiment on tax exemption on overtime pay is shifting. States with no tax on overtime pay are rare, but theyre making huge waves by leaning towards tax exemption on overtime pay. States with no tax on overtime pay are rare, but theyre making huge waves by leaning towards tax exemption on overtime pay.

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Overtime Taxes Payroll Payroll System 52

Flimp Communications

FEBRUARY 25, 2025

As the April tax filing deadline is nearing, Americas employees let out a collective groan. This isnt a comment on the economy or current tax policies. Tax season has always arrived with a jolt. Tax filing forces people to honestly assess their incomes, savings plans, and progress toward their financial goals.

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Taxes Deductions Deductible Flexible Spending Account 69

Take It Personel-ly

JULY 6, 2021

The recruitment process can be pretty grueling; reading through so many documents, enduring a few interviews, and hoping to get a job can be rather taxing. And even though you are likely eager to sign any employment contract that comes your way, there are a few crucial details that you should always check first. You […].

Employment 216

Employment Taxes Recruitment Human Resources 216

HR Lineup

APRIL 6, 2023

One of the primary challenges that companies face is navigating the complex landscape of international employment law, regulations, and compliance requirements. In this context, Global Employer of Record (EOR) services have emerged as a popular solution to manage their global workforce.

Employment 243

Employment Payroll Payroll Manager Global Payroll 243

Money Talk

JULY 25, 2024

Set aside a portion of self-employment income to send to the IRS for quarterly estimated tax payments (and/or over-withhold on a pension or Social Security) to ensure compliance with tax regulations. Contributions to non-Roth accounts are often tax-deductible, thereby reducing adjusted gross and, ultimately taxable, income.

Employment 162

Employment Health Insurance Pension Finance 162

HR Digest

MARCH 12, 2025

In 2025, salaries alone no longer define an attractive employment offer. Employers are increasingly turning to fringe benefits. Unlike base pay, which is contractually guaranteed, these extras offer employers flexibility to tailor rewards to workforce needs , while signaling a commitment to employee well-being.

401(k) 72

401(k) Health Insurance Taxes Retirement Plan 72

WEX Inc.

JULY 10, 2024

Did you know employers can enhance their benefits offerings by incorporating voluntary benefits? But what exactly are voluntary benefits, and how can employers design an effective plan? Voluntary benefits are additional benefits offered by employers that are typically paid for by employees. It is not legal or tax advice.

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Voluntary Benefits Disability Insurance Utilities Taxes 98

WEX Inc.

OCTOBER 2, 2024

Funds you or your employer contribute to your HSA can help with this. Exploring HSAs and FSAs HSAs and medical flexible spending accounts (FSAs) let you save money because the funds you contribute to them are pre-tax. FSAs are employer-owned, meaning you may lose the funds if you change job or health plans.

Employee Benefits 98

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 98

HR Lineup

SEPTEMBER 28, 2024

Payroll and Compensation Management: Automates payroll processing , salary adjustments, and tax calculations. An HRIS (Human Resource Information System) is employee-centric, designed to handle various aspects of employee management and administration throughout the entire employment lifecycle.

Human Resources 245

Human Resources Payroll Recruitment Retirement Plan 245

HR Lineup

SEPTEMBER 24, 2024

This end-to-end process encompasses various stages of employment, including recruitment, onboarding, performance management, learning and development, compensation and benefits administration, career progression, and eventual retirement or departure from the organization.

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Retirement Plan Recruitment Technology Salary 245

WEX Inc.

JULY 30, 2024

But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not reduce benefits. In 2022, our annual employer survey showed that the biggest challenges employers face with benefits are within education.

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Taxes Education Benefits Package Salary 98