Remove commuter-benefits-tax-savings
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Businesses Rely More Heavily on Contingent Workers, but at What Cost?

Zenefits

The numbers are only expected to grow as business and workers reap the benefits of this new working category. Contingent work has its benefits for both the business and the individual, but there are also drawbacks. Tax benefits of contingent workers. Green savings with contingent workers –literally and figuratively.

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Benefits of Flexible Spending Accounts (FSAs)

Tandem HR

Flexible Spending Accounts (or FSAs) are an often-overlooked benefit that you can offer your employees. FSAs come under section 125 of the Internal Revenue Code and allow your employees to convert some of their taxable pay into nontaxable benefits. So, let’s delve deeper into these benefits. Lower taxes.

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National Small Business Week Inspires New Ways to Champion Client Growth

Extensis

There are a number of ways to show support, but for brokers, specifically, it’s all about meeting their clients’ changing, and often, complex benefit needs. As trusted advisors, brokers are expected to know what’s best regarding client benefits.

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How are Payroll Taxes Calculated? – State Income Taxes

Zenefits

Previously, we reviewed how federal income taxes were calculated. State income taxes, with a few exceptions, are calculated very similarly to federal income taxes. But there are some states that have no state income tax at all. Which States Don’t Have State Income Tax? Health Savings Accounts. South Dakota.

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New Jersey Now Requires Employers to Offer Pretax Transit Benefits

Zenefits

New Jersey has become the first state to mandate employers provide pretax transit benefits to staff. With the signature of Senate Bill 1567, New Jersey Major Phillip Murphy said the Bill was aimed to help workers offset some of the costs and taxes of commuting , particularly in light of a recent 36% increase in the cost of public transit.

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How to overcome obstacles to successful plan management

Benefit Resource Inc.

This funding decision commonly arises in regards to Commuter Benefit Plans. An employer may choose to fund the monthly commuter benefit on a specific day each month in anticipation of when employees are likely to buy their transit passes. We recently wrote a blog addressing how to select the best plan funding option.

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Your Quick Guide to Commuter Benefits

Zenefits

This article is for informational purposes and is not meant to provide legal, regulatory, accounting, or tax advice. However, state requirements remain in effect, and employees may continue to use their own pretax income for commuter benefits, via employer-provided salary reduction programs. . What are commuter benefits?