As year-end approaches, employers and payroll teams should review employer-provided group-term life insurance before finalizing payroll and Forms W-2. Under Internal Revenue Code Section 79, the first $50,000 of qualifying
Many employers continue to look for employee benefits that are both practical and meaningful. One option some organizations may consider is employer-provided housing. Given ongoing concerns about housing availability and
Health care costs remain a significant concern for many small and midsize employers that sponsor health insurance plans. According to Aon, U.S. employer health care costs are projected to rise
Sponsoring a retirement plan can help employers attract and retain talent, but it also comes with important responsibilities and retirement plan fiduciary risk. Under the Employee Retirement Income Security Act
Private-sector employers with at least 20 employees may be subject to Consolidated Omnibus Budget Reconciliation Act (COBRA) regulations. This federal law generally requires certain group health plans to offer temporary
As a small business owner, you’re responsible for both issuing an accurate paycheck and withholding, paying, and reporting an assortment of taxes every time you pay your employees. The key
Payroll is one of the most routine parts of running a business, but it also touches one of the most personal areas for employees: their take-home pay. As the year
Many organizations rethink every significant expense when cash flow gets tight. This often includes contributions to 401(k)s or other retirement plans. Recently, under broader cost cutting efforts, several large employers
Employee bonuses can be a meaningful way to recognize performance, reward retention, or share company success. However, bonus payments also create payroll tax questions for employers and employees, especially when
One way many employers stay competitive on the job market and responsive to participants’ needs is occasionally fine tuning their 401(k) plans. Adding a Roth 401(k) feature is a great
