Most businesses offer employee benefits in addition to regular wages. Common employee benefits can range from different insurance options to types of retirement plans. Some employees have the option of opening an HSA. What is an HSA?Read More What Is an HSA?
Deductions & Contributions Articles
Deductions & Contributions - Tips, Training, and News
What Is an FSA? Your Q&A on Health Flexible Spending Accounts Has Arrived
As an employer, you can offer various benefits to your employees. There are pre-tax and post-tax benefits for employees to enjoy. One plan you can offer employees is a health, or medical, FSA. So, what is an FSA?Read More What Is an FSA? Your Q&A on Health Flexible Spending Accounts Has Arrived
What Does An Income Withholding Order Mean?
In 2018, there were about 12.9 million custodial parents in the United States. Of those custodial parents, 49.4% had legal or informal child support agreements. As an employer, you might hire an employee at some point who has a child support agreement. If that happens, you might receive an income withholding order. If you do […]Read More What Does An Income Withholding Order Mean?
Do Employers Have to Offer Health Insurance?
You probably know that offering employee benefits helps you hire and retain top talent. But did you know that 88% of employees consider health insurance benefits when choosing a job?Read More Do Employers Have to Offer Health Insurance?
How Does a Wage Garnishment Work?
You open the mail and see an order telling you to garnish an employee’s wages for an overdue debt. So, what does it mean to garnish an employee’s wages? And, what do you need to do?Read More How Does a Wage Garnishment Work?
How to Handle Salary Reduction for Employees
Reducing an employee’s salary is not an easy decision to make. Unfortunately, salary reduction might be necessary. If an employee is not succeeding in their position, it may be time for a pay cut.Read More How to Handle Salary Reduction for Employees
What Is Imputed Income?
As an employer, you are likely familiar with reporting regular wages and taxes withheld on Form W-2. But, are you aware that you must report other amounts or payment types, such as imputed income? Learn what is imputed income, types, and how to report imputed income.Read More What Is Imputed Income?
What Is Child Support Withholding?
Only 44% of custodial parents receive the full amount of child support. And when a parent doesn’t voluntarily meet their child support obligations, employers might be involved in the child support process.Read More What Is Child Support Withholding?
Not Knowing Legal vs. Illegal Payroll Deductions Can Cost You Big Time
Part of being an employer means running payroll. And chances are, you probably have to deal with a few types of payroll deductions, like 401(k) or health insurance, when paying employees. But, what happens when you have to deal with a deduction that you don’t have consent for, like a correction for a payroll error? […]Read More Not Knowing Legal vs. Illegal Payroll Deductions Can Cost You Big Time
Tax-deductible Donations to Ukraine: Employee PTO Donations
Russia’s invasion of Ukraine has people across the U.S. thinking of ways to donate to the Ukrainian people. Businesses giving charitable donations, like money and property, are common. But, there are other ways to contribute. Employees can make PTO donations to Ukrainian refugees to help raise money for those in need. Read on to learn […]Read More Tax-deductible Donations to Ukraine: Employee PTO Donations