As an employer, you’re in charge of paying your employees … and handling those pesky employment taxes. One of the taxes you need to calculate and withhold is a payroll tax known as FICA. What is FICA tax?
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What Is an HSA? Everything You Need to Know for Your Small Business
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?
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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 Is a Wage Garnishment? What Employers Need to Know
You may have an employee whose wages are subject to garnishment at some point. What is a wage garnishment? And what do you need to do?
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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 […]
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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?
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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.
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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.
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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.
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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
