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  • Group-term Life Insurance Tax

    Familiarize Yourself With Group-term Life Insurance Tax

    posted by Rachel Gray
    Newest Article
  • Are Gift Cards Taxable Income?

    Are Gift Cards Taxable Income?

    posted by Rachel Gray
    Recent Article
  • Familiarize Yourself With Group-term Life Insurance Tax

    Fifty-five percent of private industry employees have access to employer-sponsored life insurance, and 98% of those employees enroll in the benefit. As a popular benefit, you might offer group-term life insurance. If you decide to offer it, you need to be familiar with group-term life insurance tax.

    Are Gift Cards Taxable Income?

    Whether it’s for a holiday, birthday, or bonus, you might decide to distribute gift cards to your employees. Giving gift cards to employees is a great way to show your appreciation. But before you start passing them out, brush up on your employer responsibilities. Are gift cards taxable income?

    What Is a Section 125 Plan?

    Offering competitive benefits attracts, satisfies, and retains top talent. In fact, 80% of employees would choose benefits over a pay raise. When you dive into different small business employee benefits, you might consider section 125 plans.

    Section 125 plans give your employees the power to choose from different benefits. Learn what a section 125 plan is, how it works, and which benefits qualify.

    What Payroll Reports Do You Need to File?

    There are numerous forms to fill out when it comes to running payroll. Among these are payroll report forms.

    Do you know what payroll reports are? Find out what they are used for, what reports you should worry about, and when they are due.

    The Payroll Compliance Checklist You Need to Use

    Payroll compliance isn’t a once per year task you can easily check off. Remaining compliant is a big job. You must make sure your business is compliant with all payroll laws year round.

    You can make payroll compliance easier and less stressful by doing tasks throughout the year. In fact, there are some tasks, like filing taxes, that you must do multiple times throughout the year.

    To keep track of what you need to do, use a payroll compliance checklist.

    Do Payroll Services Cost Your Business an Arm and a Leg?

    When you have employees, you are required to have a reputable method for processing payroll, withholding taxes, and maintaining accurate records. There are a few different ways you can run payroll. How much do payroll services cost?  

    Who Is a Highly Compensated Employee?

    Do you have highly paid employees? Even if you don’t, you might have workers who are considered highly compensated employees. Or, you might be considered a highly compensated employee.

    Find out if you or any of your employees are highly compensated employees. And, learn what highly compensated employees mean for your payroll.

    5 Advantages and Disadvantages of a Job Rotation Program

    Some employees can be hard to hold onto. Why? Employees, particularly millennials, want more opportunities to learn, grow, and advance their careers. In fact, job development is so important that 87% of millennials want it.

    Are Reimbursements Taxable?

    Sometimes, an employee might pay for a business expense out of their own pocket. When that happens, you can reimburse the employee.

    An employee expense reimbursement does come with some complications. Are reimbursements taxable? Do you need to report the reimbursement? Find out below.  

    Is There Such a Thing as Self-employed Unemployment?

    No small business owner wants to think about their company going under. But, planning ahead can help you prepare for the worst possible scenario—unemployment. Millions of people claim unemployment benefits each year in the United States. You might wonder if you can receive these benefits as a business owner. You must understand the rules on self-employed unemployment.

    Familiarize Yourself With Group-term Life Insurance Tax

    Fifty-five percent of private industry employees have access to employer-sponsored life insurance, and 98% of those employees enroll in the benefit. As a popular benefit, you might offer group-term life insurance. If you decide to offer it, you need to be familiar with group-term life insurance tax.

    Are Gift Cards Taxable Income?

    Whether it’s for a holiday, birthday, or bonus, you might decide to distribute gift cards to your employees. Giving gift cards to employees is a great way to show your appreciation. But before you start passing them out, brush up on your employer responsibilities. Are gift cards taxable income?

    What Is a Section 125 Plan?

    Offering competitive benefits attracts, satisfies, and retains top talent. In fact, 80% of employees would choose benefits over a pay raise. When you dive into different small business employee benefits, you might consider section 125 plans.

    Section 125 plans give your employees the power to choose from different benefits. Learn what a section 125 plan is, how it works, and which benefits qualify.

    What Payroll Reports Do You Need to File?

    There are numerous forms to fill out when it comes to running payroll. Among these are payroll report forms.

    Do you know what payroll reports are? Find out what they are used for, what reports you should worry about, and when they are due.

    The Payroll Compliance Checklist You Need to Use

    Payroll compliance isn’t a once per year task you can easily check off. Remaining compliant is a big job. You must make sure your business is compliant with all payroll laws year round.

    You can make payroll compliance easier and less stressful by doing tasks throughout the year. In fact, there are some tasks, like filing taxes, that you must do multiple times throughout the year.

    To keep track of what you need to do, use a payroll compliance checklist.

    Do Payroll Services Cost Your Business an Arm and a Leg?

    When you have employees, you are required to have a reputable method for processing payroll, withholding taxes, and maintaining accurate records. There are a few different ways you can run payroll. How much do payroll services cost?  

    Who Is a Highly Compensated Employee?

    Do you have highly paid employees? Even if you don’t, you might have workers who are considered highly compensated employees. Or, you might be considered a highly compensated employee.

    Find out if you or any of your employees are highly compensated employees. And, learn what highly compensated employees mean for your payroll.

    5 Advantages and Disadvantages of a Job Rotation Program

    Some employees can be hard to hold onto. Why? Employees, particularly millennials, want more opportunities to learn, grow, and advance their careers. In fact, job development is so important that 87% of millennials want it.

    Are Reimbursements Taxable?

    Sometimes, an employee might pay for a business expense out of their own pocket. When that happens, you can reimburse the employee.

    An employee expense reimbursement does come with some complications. Are reimbursements taxable? Do you need to report the reimbursement? Find out below.  

    Is There Such a Thing as Self-employed Unemployment?

    No small business owner wants to think about their company going under. But, planning ahead can help you prepare for the worst possible scenario—unemployment. Millions of people claim unemployment benefits each year in the United States. You might wonder if you can receive these benefits as a business owner. You must understand the rules on self-employed unemployment.

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