Here are a few simple yet effective payroll steps to set your business up for success in 2025. 1. Verify employee information ...

A profit-sharing plan is a retirement plan that allows an employer or company owner to share the profits in the business, up ...

these plans were limited to pre-tax contributions, meaning taxes were deferred until withdrawal in retirement. With the SECURE 2.0 Act, employers can now offer Roth SIMPLE and SEP IRAs ...

Campaigners are calling on more employers to offer payroll giving schemes amid a decline in this type of work-based scheme to ...

In response to taxpayer and state government requests, including a 2024 letter from governors of nine states imploring the Internal Revenue ...

While not all employees have them ... With more companies setting up pre-tax payroll deductions for HSAs and matching employee contributions, these increases could be significant for many people ...

New proposed regulations issued by The Department of Treasury and IRS provide guidance on the provisions related to catch-up contributions that ...

According to the Maine Department of Labor, once a private plan substitution is approved and takes effect, the employer and employee will no longer be required to contribute to the PFML fund. The ...