Call it a case of benefits compliance whiplash. For the second time this year, the IRS has updated rules covering how Health Savings Accounts (HSAs) should be managed.
Making sense of how employees should be taxed is no small task. You might even say it takes a feat of superhuman strength.
If the past few years are indicative, there is increasing demand for holistic wellness benefits that include more than the standard dental, vision, and medical coverage. 2016 saw the rise of health and wellness benefits, 2017 saw a focus on mental wellness, and now employees want even more comprehensive and personalized perks.
The gender pay gap might have just met its match. With a new governor at the reins, Garden State lawmakers have taken unprecedented steps to bolster their state’s equal pay laws.
If you’re a fan of office snacks, this might be hard to stomach. A seldom-discussed part of last December’s tax reform bill will eliminate the tax benefits enjoyed by companies who offer their employees snacks.
At Namely, we pride ourselves on offering the best all-in-one HR platform for mid-sized companies. A great all-in-one platform is the sum of its parts, which is why our product and technology teams are continuously innovating and adding new features. But payroll is firmly at its core. Running payroll must be as reliable as turning on a light switch.
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With unemployment reaching historic lows, companies are increasingly using “sign-on” bonuses to win over prospective talent. These are typically one-time payments offered to potential hires, used to incentivize them to join your company. Most are contingent upon the new employee working for the company for a minimum amount of time, typically a year.
The wait is over. After months of speculation, the IRS has finally released the newest version of the Form W-4—the tax form that employees fill out to indicate how much federal income tax should be withheld from their paychecks.
New York Governor Andrew Cuomo recently unveiled a proposal that has left the payroll community on alert—and some lawmakers scratching their heads.
It’s game day. The wings are hot, the beer is cold, and mom’s seven layer dip is on point. While your friends are agonizing over the score, the payroll professional in you can’t stop thinking, “How is the away team taxed?”