Remove Health Insurance Remove Life Insurance Remove Payroll Service
article thumbnail

Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

Once the employee enrolls in a voluntary benefit plan, payroll services companies routinely automate this process for employers, making ongoing benefits administration hassle-free for small businesses. cancer insurance) Pet insurance. Match benefits to your employees’ life stages.

article thumbnail

How to set up a payroll process: 10 steps

Insperity

Payroll processing is tedious and time-consuming, so choosing the right method for tackling it is a critical first step. Use a payroll service. Using an automated payroll service can help you avoid hassles and headaches without being as costly as hiring an accountant. Correct and consistent payroll.

Payroll 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is Imputed Income? | Payroll Definition and Examples

Patriot Software

Group-term life insurance exceeding more than $50,000. health insurance). Patriot’s online payroll software calculates the proper taxes for you. Opt for our Full Service payroll services and we will take care of withholding and depositing the taxes. Personal use of employer car.

Payroll 50
article thumbnail

Form W-2 Box 1: A Guide for Navigating Through Confusing Discrepancies

Patriot Software

Accident and health insurance premiums for 2%-or-more shareholder-employees (if you have an S Corp). Employer contributions for qualified long-term care services, if coverage is provided by an FSA. Taxable cost of group-term life insurance in excess of $50,000. Employee and employer contributions to an Archer MSA.

article thumbnail

Why Do Companies Outsource HR? 8 Compelling Reasons

Genesis HR Solutions

At GenesisHR, we give small businesses and nonprofits like yours access to a portfolio of benefits you could not get on your own—Fortune 500 benefits, health insurance with Blue Cross Blue Shield of Massachusetts , and more. Read more about the benefits packages and insurance offerings you could get if you partner with Genesis.

Payroll 52
article thumbnail

Introduction to 401(k)s for small businesses

Business Management Daily

Most small businesses start with health insurance as the main facet of their benefits plan , but as you grow it’s a good idea to expand to include retirement, dental, vision, life insurance, and other major offerings. Most employers work with a 401(k) service provider to offer a 401(k) and manage the plan.

401(k) 52