HR Lineup

MARCH 13, 2022

SEP – Simplified Employee Pension. Since the contributions are payroll deductions, the employees can accumulate a substantial retirement income, which can significantly grow over the years under the protection of ERISA from creditors. The IRS, under tax code section 401a, guides what’s qualified to be a qualified plan. 403(b) plans.

Retirement Plan 246

Retirement Plan 401(k) Gross Pay Profit Sharing Plan 246

Achievers

DECEMBER 16, 2019

And for 75 percent, a good benefits package would make them take one job over another,” says a recent employee health benefits survey by QuickBooks Payroll. A matching 401(k) or pension. “For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. Use of a company car. Childcare support.

Employee Benefits 309

Employee Benefits 401(k) PTO Benefits Package 309

Qandle

APRIL 7, 2022

Payroll administration is the difficult task of keeping track of your employees’ financial data, such as pay, benefits, taxes, and deductions. Calculating your employees’ salary, issuing payments, preserving payroll records, and collecting tax forms are all part of payroll management.

Payroll Service 98

Payroll Service Payroll Payroll Software Management 98

Qandle

MAY 16, 2023

If you are a business owner, HR manager, or payroll administrator in India, understanding payroll processing is essential for your business’s smooth operation. From calculating employee salaries to managing taxes and deductions, payroll processing is a critical aspect of any business. What is payroll?

Payroll 98

Payroll Gross Pay Deductible Deductions 98

cipHR

APRIL 27, 2021

From the benefits of payroll software to choosing the right software for your organisation, we cover everything you need to know about payroll software. To help reduce admin and increase efficiency, HR teams can turn to HR software , but what can payroll teams do when they also want to reduce admin, costs and improve efficiency?

Payroll Software 93

Payroll Software Payroll Software Overtime 93

Employee Benefits

MARCH 13, 2023

Flexible pension policies can help employees shore up short-term financial wellbeing, while still saving for the future. In difficult periods, the ability to flexibly drop or pause pension contributions could be invaluable. One thing that might feel set in stone is pension contributions.

Pension 64

Pension Benefits Package Deductible Deductions 64

Employee Benefits

FEBRUARY 21, 2024

The UK’s private sector defined benefit (DB) pension landscape is generally described as in its endgame. There has been a fall in the number of open DB pension schemes as a result of economic, social and regulatory changes. The vast majority of employers offer a defined contribution (DC) pension to eligible employees.

Pension 64

Pension Payroll Employment Employee Benefits 64

cipHR

NOVEMBER 15, 2021

CIPHR asked payroll expert Jon Lee for some pointers. As head of payroll bureau services at CIPHR’s sister company PBS , a payroll software and service provider, Jon and his team process payroll and BACS salary payments for 94,000 employees, across 500 organisations every month. Pension payments. So, why should we?

Pension 98

Pension Gross Pay Payroll Deductible 98

Vantage Circle

AUGUST 1, 2024

Here are the key points to consider: Cash Awards : Cash awards, such as bonuses or lump-sum payments, are generally considered taxable wages and are subject to federal income tax withholding (FITW), Social Security and Medicare taxes (FICA), and unemployment taxes (FUTA), as well as applicable state and local payroll taxes.

Deductible 95

Deductible Deductions Taxes Bonuses 95

Employee Benefits

SEPTEMBER 20, 2023

Yet, many businesses might be inadvertently losing money because they lack a competitive pension package. Therefore a business with a team of 100 could pocket savings of up to £65,000 annually with a strategic pension plan. By presenting a more enticing pension proposal, firms can foster greater employee loyalty.

Pension 59

Pension Salary Taxes Employee Loyalty 59

Employee Benefits

NOVEMBER 24, 2023

In his Autumn Statement on Wednesday (23 November), Chancellor of the Exchequer, Jeremy Hunt, announced plans to introduce the concept of employees having a single pension pot for life. Should this come to fruition, the move would mark a significant departure from the traditional model for workplace defined contribution (DC) pensions.

Pension 59

Pension Payroll Education Employment 59

cipHR

JANUARY 4, 2023

If you’re considering outsourcing your payroll, or if you’re looking for expert outsourced payroll services — these frequently asked questions can help you confidently decide how, why, and whom to outsource your payroll to. You can choose between bureau and fully managed outsourced payroll service options with Ciphr.

Outsourcing Payroll 52

Outsourcing Payroll Payroll Payroll Service Payroll Software 52

HR Digest

FEBRUARY 27, 2025

Signed into law on January 5, 2025, the Social Security Fairness Act 2025 removed the Windfall Elimination Provision (WED) and Government Pension Offset (GPO) , unlocking a social security benefit increase for over 3.2 For instance, a 58-year-old payroll specialist with a state pension might now receive an extra $700 in monthly retirement.

Pension 52

Pension Government Payroll IT 52

Employee Benefits

MARCH 2, 2022

On-demand grocery delivery service Beelivery has introduced a new employee benefits and payroll service to meet the demands of its growing organisation. They can also check information about their pension and use the app to review pension performance and explore the impact of changing contributions.

Payroll 59

Payroll Pension Payroll Service Retail 59

Money Talk

AUGUST 16, 2023

Tax Bracket Triggers - When earnings are added to a pension, Social Security, RMDs, and other taxable income, planning is needed to avoid a higher tax rate or Medicare premium. Income in Lieu of Savings - Earnings from work can postpone withdrawals from retirement savings (e.g., Other benefits also continue.

Taxes 130

Taxes Pension Deductible Deductions 130

Employee Benefits

DECEMBER 6, 2023

Following its call for evidence on consolidating small pension pots earlier this year, the Department for Work and Pensions (DWP) is launching a further consultation on proposals to introduce a lifetime provider model. Monitoring and enforcement by HMRC and the Pensions Regulator would also become more complex.

Pension 111

Pension Consulting Insurance Government 111

Employee Benefits

FEBRUARY 20, 2023

When it comes to communicating to employees about pension scheme investing , Gary Douglas, finance director of new business agency Ingenuity, is of the firm belief that you must get the basics right first. Accordingly, pensions were not always at the forefront of people’s minds. They are starting to think more about their pensions.”

Pension 52

Pension Finance Payroll Education 52

Employee Benefits

AUGUST 29, 2023

Whether you’re exploring the possibility of establishing a new auto enrolment pension for your company, or if you’ve already got one in operation pension auto enrolment staging dates might puzzle you. The auto enrolment staging date refers to the deadline by which UK companies must launch their auto enrolment pension plans.

Pension 52

Pension Employment Payroll Government 52

cipHR

MAY 24, 2022

April is always a busy time of year for payroll professionals – and it was no exception for CIPHR’s dedicated payroll bureau team, who ensure that our customers’ payrolls are processed accurately and on time each month. Pensions and pension allowances. In April 2022, the state pension rose 3.1%.

Payroll 52

Payroll Pension Taxes Deductible 52

Employee Benefits

SEPTEMBER 6, 2023

For employers, determining the contributions to a workplace pension scheme depends on the pensionable earnings of their employees. This article will explain the different methods for calculating pensionable earnings and how these methods affect pension contributions and tax efficiency. Employee contribution (inc.

Pension 52

Pension Employment Bonuses Net Pay 52

Employee Benefits

AUGUST 31, 2023

Pension Re-Enrolment: A Step-by-Step Guide for Businesses Employers must comply with UK law by re-enrolling eligible employees into their automatic enrolment pension scheme. In this guide, we’ll walk you through adhering to the pension re-enrolment regulations. What Does Pension Re-Enrolment Entail?

Pension 52

Pension Payroll Taxes Employment 52

cipHR

MARCH 27, 2023

If you’re considering payroll outsourcing UK, it’s likely you will encounter plenty of jargon on your journey to finding the right outsourced payroll provider. Don’t forget to check out our top 10 tips for choosing the right outsourced payroll company. These are sometimes taxable, which means they will appear on payslips.

Payroll 52

Payroll Outsourcing Payroll Payroll Software Family and Medical Leave Act 52

Employee Benefits

MAY 15, 2023

Jonathan Watts-Lay, Director, WEALTH at work, comments, “One way to save money is by paying for things through your company payroll using your pre-tax salary, so you pay less income tax and National Insurance. We ask Jonathan Watts-Lay, Director, WEALTH at work, what he thinks are the main benefits of salary sacrifice schemes.

Salary 98

Salary Pension Taxes Transportation 98

Employee Benefits

JUNE 1, 2023

It has a normal pension plan and a few related insured benefits. Its pension contributions are a lot higher than ours, but then our scheme is well below market, as I have been complaining about for some time. The problem is: to remove any holiday we would have to buy them out, which would add pension and bonus costs.

Deductible 98

Deductible Deductions Pension Management 98

cipHR

JULY 25, 2022

Paying your employees is imperative, but should you use in-house payroll software or an outsourced payroll provider? And that’s all before you get to pension contributions, tax and other legislation with which you need to comply. In-house payroll vs outsourced payroll: at a glance. Advantages of in-house payroll.

Outsourcing Payroll 52

Outsourcing Payroll Payroll Payroll Software Payroll Service 52

HR Digest

APRIL 4, 2022

In modern workplaces, payroll management has a very important role in daily activities. We can say that payroll is an essential part of the company’s salary management and it is clear that payroll cannot be replaced with any other system nowadays. . What Is Payroll? It collects inputs that are payroll-related .

Payroll Manager 52

Payroll Manager Payroll Management IT 52

Employee Benefits

NOVEMBER 6, 2023

Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer. Green investments Pensions are another area where employers can have a significant impact.

Pension 105

Pension Transportation Government Consulting 105

cipHR

FEBRUARY 21, 2023

There are many reasons why organisations might consider outsourcing payroll. An obvious one is to free up more time for in-house HR or payroll teams, which can also generate savings on new recruits, administration, and training. You’re spending too much time on payroll-related tasks This is a clear sign that things are not working.

Outsourcing Payroll 52

Outsourcing Payroll Payroll Pension Payroll Software 52

Employee Benefits

JULY 6, 2023

You’ve got a company pension scheme in place, so what would prompt you to change it? Additionally, shifting to a modern digital pension provider is surprisingly straightforward. Additionally, shifting to a modern digital pension provider is surprisingly straightforward. Is your existing pension provider maximizing your savings?

Pension 52

Pension IT Salary Take Home Pay 52

JGA Recruitment

SEPTEMBER 30, 2024

Dear Payroll Innovators, Welcome to the fourth edition of our newsletter! Today, I’m excited to share my thoughts on a technology that I think could change the future of payroll: no-code payroll software. I’ve seen payroll admins design intricate systems through simple drag-and-drop interfaces.

Global Payroll 52

Global Payroll Payroll Payroll System Payroll Software 52

cipHR

AUGUST 4, 2020

Automating the pay, benefit and reward process is important if both HR and payroll professionals want to save time and effort. When new hires join, an automated process can allow HR to quickly onboard them into the payroll system. Working with payroll providers can also help automate the payroll process.

Pension 98

Pension Payroll Software Payroll System 98

Employee Benefits

FEBRUARY 14, 2023

Credit: William Barton / Shutterstock.com Banking organisation NatWest Group has acquired 85% shareholding in workplace savings and pensions fintech Cushon, with the remaining 15% retained by Cushon management. The solution integrates with payroll and benefits platforms, delivered via the workplace as an employee benefits.

Pension 75

Pension Banking Finance Health 75

cipHR

MARCH 21, 2023

All organisations want the payroll process to run as efficiently as possible. This guide will explain the different approaches to handling payroll, and help you find the solution that best meets the needs of your organisation.

Outsourcing Payroll 52

Outsourcing Payroll Payroll Pension Finance 52

Employee Benefits

JUNE 28, 2024

Nearly half (49%) of employers said they believe they are supporting their workforce’s financial wellbeing , while only 28% of employees agree, according to new research by Payroll Integrations. Following retirement (73%) and healthcare (72%), employees vary in what benefits they believe to be most key to financial wellbeing.

Retirement Plan 88

Retirement Plan Health Savings Account Health Insurance Employment 88

Employee Benefits

OCTOBER 4, 2023

Payroll and pensions departments should also look out for any anomalies or odd payments. Dodsworth explained that initially ITV did not know how to help her and that they learned together how to move forwards in terms of ongoing support.

Pension 111

Pension Payroll Employee Benefits IT 111

cipHR

MARCH 8, 2023

With multiple payroll outsourcing companies to choose from, finding the right one is not easy. Our 10 tips will help steer you in the right direction There are many payroll outsourcing companies on the market, which can make it a difficult decision when it comes to selecting the right one, so it’s important to do your research.

Outsourcing Payroll 52

Outsourcing Payroll Payroll Pension Payroll System 52

Employee Benefits

JANUARY 19, 2022

Quick and easy access to payroll information can also help employees see the impact on pay of benefit take up. With so many innovative and quirky ways of boosting employee engagement now in practice, reformatting a payroll system might at first seem like a very dull approach. They] might get some resistance.”.

Payroll 105

Payroll Take Home Pay Payroll System Software 105