Reimbursements for qualified medical expenses are exempt from federal income and payroll taxes. Provides certain safeguards to reduce the risk of health-based discrimination against a select group of people because of their medical condition. In short, for workers, reimbursement for health coverage premiums would be exempt from wages and income for payroll and federal tax purposes, and tax-deductible for employers. MORE

A good payroll system is comprised of many components– but at its core, what is payroll? Payroll refers to a company’s roster of employees and the total wages they are to be paid. There’s a lot to keep track of, which is why we’ve put together this article to help you understand the ins and outs of payroll. . What is Payroll Tax? What is Payroll in Regards to Your People? When it comes to payroll, each employment type will be paid differently. MORE

The report is based on a workforce payroll snapshot generally taken between Oct. The Obama administration added pay reporting requirements to the EEO-1 as a means to fight pay discrimination. The post Government Shutdown Leads to Extended Deadline for EEO-1 Reporting appeared first on Zenefits Blog. The deadline to submit EEO-1 data has been extended to May 31, 2019, the U.S. Equal Employment Opportunity Commission announced today. MORE

Compensation, payroll, and benefits management. Anti-discrimination laws, the Fair Labor Standards Act, the Family and Medical Leave Act, social security policies, OSHA requirements, and more are all essential areas of compliance that HR services can support. You might hire a dedicated HR service to fully support your company remotely, or you could use web-based HR services to handle specific aspects, like payroll and benefits. Zenefits — Best for streamlined onboarding. MORE

Revelations of pay inequality have stirred up lawsuits alleging pay discrimination against a string of firms, mostly from the tech industry. These mandates prevent employers from basing current wages on past pay, which for women, African Americans and others protected by anti-discrimination laws, are historically paid less than white men doing similar work. Pay Transparency is On the Rise appeared first on Zenefits Blog. HR Tips & Trends Payroll Compliance MORE

Ask about payroll integrations. loans, distributions) Compliance with plan rules and federal laws Discrimination testing and audit support Employee enrollment and communications Required Internal Revenue Service and Department of Labor filings (e.g., Ask about payroll integrations ? MORE

Every year, the Employee Retirement Income Security Act ( ERISA ) requires employers to undergo 401k discrimination testing to ensure plans are not discriminating against lower-income employees. What is a 401k discrimination testing? The Actual Contribution Percentage (ACP) is another variation of 401k discrimination testing. A common fear for HCEs is that their plan will fail discrimination tests. The post What is 401k Discrimination Testing? MORE

The ADA provides protection from discrimination in all aspects of employment. In some states every employer must carry coverage: in others a minimum amount of employees must be on the payroll to trigger compliance requirements. The post Demystifying Workplace Disability: 7 FAQs appeared first on Zenefits Blog. Workplace disability is a wide-ranging topic that can be intimidating for small to medium-sized businesses. MORE

Last yeah, Zenefits produced an equal pay report based on original SMB data, which found that the gender wage gap in small businesses was 18% greater than the national average. As more companies examine their payroll practices, an uncomfortable truth emerges. The idea behind the ban is that women and minorities have historically experienced pay discrimination; using a salary history as a baseline for a new compensation offer is a practice that perpetuates this pay discrimination. MORE

Oftentimes data will reveal biases or discrimination that HR leaders or businesses owners are either ignoring or unaware of. appeared first on Zenefits Blog. PayrollOne of the main benefits of a good compensation management system is pay equity, but there are ample other benefits, like aiding in budget creation, attracting recruits, reducing turnover, and more. MORE

For starters, benefits administration is tied not only to human resources but also time and labor, payroll, and finance. Each employee’s mandatory and voluntary benefits must be processed through payroll. Payroll. Privacy and anti-discrimination laws. MORE

Now it can help you hire contingent workers, manage their payroll, include them in org charts to simplify their communication with full-time employees, document their time and attendance, and keep you compliant in the process. They complained they were routinely excluded from company communications, even those about discrimination, misconduct and safety. appeared first on Zenefits Blog. MORE

Payroll documentation: 2 or 3 years. The Fair Labor Standards Act (FLSA) requires payroll records to be kept for three years. The Equal Pay Act and Age Discrimination in Employment Act (ADEA) also cover payroll recordkeeping requirements. Payroll records include employee identification data (full name, Social Security number, address and ZIP code, birth date, gender, and occupation). MORE

Download Zenefits’ 2020 compliance calendar for legally-vetted information that helps you avoid missing important dates and the risk of hefty penalties. Documented policies on Title VII, age discrimination, sexual harassment, ADA, and FMLA. Compensation, benefits, and payroll. MORE

Payroll policies, including pay periods and pay dates. Anti-discrimination and anti-harassment policies. Also, don’t miss out on the Zenefits Employee Guidebook , which offers customizable templates to help you build a compelling employee handbook. MORE

The 2019 Compliance Calendar was built by a team of legal advisors, payroll experts, HR advisors, and benefits professionals to provide a free tool for small and medium business owners who have very limited—or no—experience with federal compliance and laws. You’ll get detailed instructions on what you need to do for payroll reporting deadlines, or healthcare benefit filings. How to ensure your company doesn’t violate anti-discrimination laws, and. MORE

If you don’t have an HR department, you — the SBO — may be the one responsible for compliance, payroll, benefits, and tracking timesheets, as well as fostering an attractive company culture and creating recruiting strategies for top talent. MORE