Money Talk

JUNE 8, 2022

A big concern of people with multiple income streams is adequate tax withholding. Nobody want to pay the IRS tax underpayment penalty, which is 0.5% of the amount owed for each month or partial month of unpaid taxes. mutual fund dividend and capital gain distributions), and tax withholding. In other instances (e.g.,

Taxes 278

Taxes Pension Deductions Deductible 278

Take It Personel-ly

MARCH 22, 2021

As tax season rolls around, it can be a time-consuming and challenging process for small business owners to get things in order. tax code can be complex, and finding yourself out of compliance could lead to steep penalties. Developing good tax prep habits and maintaining accurate records and practices all year long can […].

Taxes 258

Taxes Finance IT 258

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

HR Lineup

JANUARY 2, 2022

Filing federal and state tax returns online can be challenging and overwhelming for employers. Since the process needs to be seamless and fast, employers are looking for effective tax filing solutions. Luckily, there are tax software programs out there to simplify filing tax returns. Paycheck City. Quickbooks Payroll.

Taxes 245

Taxes Software Payroll Deductions 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.

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Taxes Health Savings Account Deductions Deductible 103

HR Lineup

DECEMBER 5, 2023

In the fast-paced world of taxation and financial management, staying ahead of the curve is crucial for tax professionals. As we step into 2024, the demand for efficient, user-friendly, and comprehensive tax practice management software has never been higher.

Taxes 243

Taxes Software Management Electronics 243

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.

Taxes 243

Taxes 401(k) Government Insurance 243

Take It Personel-ly

DECEMBER 15, 2020

The year 2020 has not done anything to improve anyone’s financial security, so if you’re cleaning up an old tax bill […]. Facing an audit is worrying, even if you have all your numbers in order. Worse, dealing with an audit can be scary if the payments make it impossible to have enough to live on.

Taxes 286

Taxes Finance IT Management 286

PayrollOrg

APRIL 19, 2024

On April 18, the IRS released its 2023 Internal Revenue Service Data Book, which provides statistics that underscore the importance of payroll professionals to the integrity of the American tax system.

Taxes 260

Taxes Payroll IT 260

PayrollOrg

JANUARY 8, 2025

It contains important payroll tax payment and reporting dates every payroll professional needs to know during the calendar year. The PayrollOrg Compliance Calendar for 2025 is now available on the PAYO website.

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Taxes Payroll IT 227

PayrollOrg

MAY 2, 2023

On April 14, the IRS released its 2022 Internal Revenue Service Data Book, which provides statistics that underscore the importance of payroll professionals to the integrity of the American tax system.

Taxes 260

Taxes Payroll IT 260

PayrollOrg

APRIL 28, 2023

On April 14, the IRS released its 2022 Internal Revenue Service Data Book, which provides statistics that underscore the importance of payroll professionals to the integrity of the American tax system.

Taxes 260

Taxes Payroll IT 260

Money Talk

AUGUST 3, 2022

This phrase was designed to encourage investors to buy tax-free municipal bonds that provide a higher after-tax return than higher-yielding taxable bonds. In a more general way, the advertisement was also promoting the concept of tax-efficient investing. no tax for New Jersey residents on a New Jersey-issued bond).

Taxes 189

Taxes 401(k) Flexible Spending Account Deductions 189

Money Talk

AUGUST 8, 2024

With less than five months remaining in 2024, now is the time to begin serious tax planning for your 2024 income tax return. I recently attended a webinar with some tips for financial advisors about reviewing clients’ tax returns. Simply look at your 2023 tax return and divide your total tax owed by taxable income.

Taxes 176

Taxes Deductions Deductible Finance 176

HR Lineup

APRIL 19, 2024

In this comprehensive guide, we will delve into the various types of equity compensation, how they work, their tax implications, and their impact on both employees and employers. ESPPs can offer tax advantages and provide employees with an opportunity to share in the company’s success.

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Equity Compensation IT Taxes Compensation Equity 246

Money Talk

FEBRUARY 23, 2023

Knowing your tax rate can help you prepare a tax return and take action(s) to reduce your tax liability. Do you know your federal income tax rate? You may actually have several different tax rates (e.g., This post describes the different federal tax rates that apply to taxpayers. a year and a day or longer).

Taxes 188

Taxes Retirement Plan Finance Commissions 188

Money Talk

FEBRUARY 15, 2024

With 2023 tax season well underway, now is a good time to examine income tax rates, which are a percentage of taxpayers’ income that is taxed. income tax system is progressive, which means that taxes take a larger percentage of income from taxpayers with higher taxable incomes.

Taxes 185

Taxes 401(k) Commissions Bonuses 185

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

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

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.

Electronics 493

Electronics Payroll Online Payroll Taxes 493

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? A Fresno warehouse worker powers through overtime.

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Overtime Taxes Health Payroll 66

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.

Taxes 188

Taxes 401(k) Retirement Plan Pension 188

Money Talk

MARCH 29, 2023

Last year, I wrote a post that described the pros and cons of filing your income taxes by paper or electronically (e-filing). Looking back, it was also a “personal pep talk” for me because I knew I was part of a dying breed of paper income tax filers. of tax returns are filed by paper or, in numerical terms, nearly 13.2

Taxes 189

Taxes Electronics Finance Software 189

HR Lineup

MARCH 23, 2025

Improved Compliance and Risk Management Compliance with labor laws, tax regulations, and company policies is a significant challenge for HR teams. Compliance Management Automatically updates labor laws, tax regulations, and industry standards. Cloud-Based Accessibility Enables HR teams and employees to access HR data from anywhere.

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Payroll Global Payroll Taxes Human Resources 233

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.

Taxes 69

Taxes Deductions Deductible Flexible Spending Account 69

Money Talk

DECEMBER 7, 2023

As the year winds down so, too, does your opportunity to take proactive steps to reduce 2023 income tax due in April 2024 and, perhaps, taxes due in future years as well. Below are some money-saving tax planning strategies to consider. tax-deferred retirement plan contributions and charitable gifting) are already accounted for.

Taxes 158

Taxes Retirement Plan Deductions Deductible 158

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

Employee Benefit News

JUNE 10, 2024

Without government intervention, it's estimated that Medicare funds will run out by 2036.

Taxes 290

Taxes Government IT Healthcare 290

HR Lineup

OCTOBER 21, 2024

Key Benefits: Specialized training in tax-advantaged savings plans like HSAs, FSAs, and HRAs. Administered by the International Foundation of Employee Benefit Plans (IFEBP) and Dalhousie University, this program provides a comprehensive education on employee benefits, retirement plans, and health benefits.

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401(k) Employee Benefits Retirement Plan Health Savings Account 234

Money Talk

JUNE 13, 2024

With the 2023 tax filing deadline in the rear view mirror, now is a good time to look ahead to 2024 taxes that you will owe in April 2025. This post extends that discussion with a description of seven key steps to take to plan for your 2024 tax return due in 2025. The IRS withholding estimator can help make this calculations.

Taxes 125

Taxes 401(k) Retirement Plan Health Savings Account 125

Money Talk

DECEMBER 29, 2021

Income Taxes- Tax filing was pushed back to May 17 and advance child tax credits were sent to income-eligible families with children from July to December. There was also late notice of tax exemption for up to $10,200 of 2020 unemployment benefits. savings bond purchases due to inflation fears, meme stock (e.g.,

Finance 363

Finance Taxes Retirement Plan Insurance 363

HR Lineup

MAY 24, 2022

Moreover, allow the volunteer employees to choose a tax-exempt nonprofit organization by themselves. Below, we help you understand VTO and how to initiate it into your business. What is Volunteer Time Off (VTO)? VTO is a form of leave where employees get paid to go and volunteer in specific charity/community-based functions.

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PTO IT Paid Leave Employee Retention 246

Money Talk

FEBRUARY 29, 2024

A frequently used quote is that “nothing is certain in life except death and taxes.” desk drawers) for documents like insurance policies; recent income tax returns; bank, investment, and credit card statements; and copies of a will, living will, etc. But what exactly does that mean? Make sure trusted parties have access, if needed.

IT 196

IT Hospitality Banking Taxes 196

Take It Personel-ly

DECEMBER 17, 2020

Do you strive to memorize concerns such s tax rates, various rulings, tax base, among others? Taxation is a set of accounting models dealing with the preparation of tax accounts and returns. While studying taxation, how do you study to ensure that you understand the various concepts?

Taxes 286

Taxes Finance Management 286

HR Lineup

SEPTEMBER 28, 2024

Payroll and Compensation Management: Automates payroll processing , salary adjustments, and tax calculations. When it comes to managing human resources in today’s fast-paced business environment, organizations rely on specialized tools to streamline processes and improve efficiency. What is an HRIS? What is an ATS?

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Human Resources Payroll Recruitment Retirement Plan 245