TrustRadius HR

JULY 6, 2022

The average small business owner spends nearly five hours per pay-period processing payroll (Try saying that five times fast). 65% of small business owners said they would rather outsource their payroll processing. 45% said that outsourcing payroll was too costly. What Does Payroll Software Do? What to Consider?

Hiring Software 52

Hiring Software Onboarding Software Planning Tools HR Software 52

Patriot Software

MARCH 23, 2022

S corporations can take advantage of retirement plans. However, there are certain rules you have to follow when it comes to contributions and retirement plans for S corporations. Learn about the various types of retirement plan options for S Corps and how to handle S Corp retirement contributions the right way.

Retirement 90

Retirement Compliance Training How To Payroll 90

Patriot Software

JUNE 8, 2022

In 2019, the state of California put in place the CalSavers Retirement Savings Program, with the goal of enabling California residents to save for retirement. Now, California’s June 30th Calsavers deadline for employers with five or more employees is looming closer. Right now, almost half of all private-sector employees in the U.S.

Retirement 97

Retirement Payroll 97

Patriot Software

AUGUST 31, 2022

State-mandated retirement plans are here to nudge (erhm, push) employers into helping employees save for their future. But, all the different rules and regulations can cause you to trip on your way to offering retirement plans. Don’t get tripped up. We’re here to help you understand your responsibilities.

Retirement 74

Retirement Compliance Training Payroll 74

Patriot Software

OCTOBER 14, 2022

Have you avoided retirement plans because of the large fees and time-consuming administration? If so, I’m happy to tell you that things have changed. There are more options than ever, including a plan that has no fees or recordkeeping requirements for employers.

Retirement 84

Retirement Payroll 84

Patriot Software

APRIL 1, 2020

Small business retirement plans are great benefits that encourage employees to start saving for life after the workforce. Do you offer your employees retirement plan options? appeared first on Patriot Software. If you do, you may be impacted by the SECURE Act of 2019. So, what is the SECURE Act? What is the SECURE Act?

Patriot Software 53

Patriot Software Planning Tools Retirement Software 53

Patriot Software

OCTOBER 13, 2022

Whether you’re submitting payroll or tax return forms, opening bank accounts, or establishing retirement plans, you need to identify your business. To run your business, you need a taxpayer identification number (TIN). Find out what a federal tax identification number is, types of tax ID numbers, and how to obtain them.

Payroll 74

Payroll Retirement How To 74

Patriot Software

OCTOBER 17, 2022

Are you thinking about offering retirement plans at your small business? There are a lot of retirement options to choose from. Two common retirement plans for employees are individual retirement arrangement/account (IRA) plans and 401(k) plans. What is the difference between Roth IRA […] READ MORE.

Retirement 91

Retirement ATS Payroll 91

Patriot Software

OCTOBER 17, 2022

As a small business owner, you might be confused by all the different small business retirement plan options out there. One retirement option you can offer is an individual retirement arrangement, or account (IRA). Different types of IRA accounts An individual retirement arrangement is an […] READ MORE.

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Retirement Payroll 83

Patriot Software

JULY 28, 2022

don’t have retirement savings. Not all employees have access to an employer-sponsored retirement program. Seeing this looming crisis, Illinois launched the Secure Choice Retirement Savings Program (Illinois Secure Choice). A quarter of adults in the U.S. One reason?

Retirement 75

Retirement Payroll 75

Patriot Software

JULY 28, 2022

Here’s a shocking stat: More than 600,000 private-sector employees in Connecticut don’t have an employer-sponsored retirement savings plan. To encourage more employees in the state to save for retirement, Connecticut launched the MyCTSavings Retirement Program (MyCTSavings).

Retirement 72

Retirement Payroll 72

Patriot Software

JULY 11, 2022

In the United States, the most common type of retirement plan is the trusty 401(k). trillion in assets, businesses of all sizes offer this type of plan to help their employees save for the retirement they deserve. With over 60 million active participants and an estimated $7.3 However, not all 401(k)s are the same.

Retirement 82

Retirement How To Payroll 82

Patriot Software

AUGUST 30, 2022

Common employee benefits can range from different insurance options to types of retirement plans. Most businesses offer employee benefits in addition to regular wages. Some employees have the option of opening an HSA. What is an HSA? What is an HSA?

Retirement 82

Retirement Employee Benefits Payroll 82

Patriot Software

APRIL 11, 2022

On your list of potential benefits are probably things like health insurance, retirement plans, and work-from-home opportunities. It’s one of many perks you may look at when looking for ways to attract, hire, or retain employees. Although not as common, employer-provided housing is another option to mull over. Get […] READ MORE.

Retirement 90

Retirement How To Hiring ATS 90

Patriot Software

OCTOBER 11, 2022

An employee could accept a new job offer, retire, be laid off, or move away. Sometimes, you lose great employees. Whatever the case may be, there might come a time when you consider rehiring former employees. Read on to learn about the pros and cons of rehiring former employees. And, if you decide to rehire […] READ MORE.

Retirement 76

Retirement Compliance Training Payroll 76

Patriot Software

AUGUST 31, 2022

Most employees expect certain workplace benefits, such as health insurance or retirement plans. But coming up with unique and appealing perks, like commuter benefits, can further your chances of attracting and retaining top talent. Commuter benefits aren’t just popular in big cities with prevalent public transportation systems.

Planning Tools 77

Planning Tools Retirement System Payroll 77

Patriot Software

JULY 26, 2021

Benefits include everything from retirement plans to health insurance coverage. Offering competitive benefits attracts, satisfies, and retains top talent. When you dive into different small business employee benefits, you might consider a section 125 plan. But, what is a section 125 plan? Is it a cafeteria plan?

Retirement 98

Retirement Employee Benefits Payroll 98

Patriot Software

FEBRUARY 25, 2019

Other deductions that impact take-home pay include: 401(k) or other retirement contributions. Other payroll deductions (e.g., retirement plan contributions). Gather information about payroll deductions and contributions, such as types of deductions and how much to withhold each pay period. Calculate payroll taxes.

Wage and Hour Training 46

Wage and Hour Training Payroll Compliance Training Retirement 46

Patriot Software

MAY 9, 2022

If your company offers retirement plan options, you have to ensure each employee can benefit equally from the plan. To do this, you must consider who is a highly compensated employee (HCE). Not familiar with highly compensated employees?

Compensation 71

Compensation Retirement Company How To 71

Patriot Software

JUNE 13, 2022

Ready to attract and retain employees with a better benefits package that lets them save for retirement? Want to claim 401(k) tax credits worth up to $16,500? If so, you might be interested in starting a 401(k). But to do that, you need to know how to set up a 401(k) in your small business. […] READ MORE.

Retirement 69

Retirement How To Payroll 69

Patriot Software

MARCH 4, 2019

If you imported information from your payroll software or used a tax preparer, you may not know the ins and outs of Box 1. The employee elected to contribute to a retirement plan. If an employee elected to contribute to a pre-tax retirement plan, their W-2 Box 1 wages are likely lower than their Box 3 wages.

Retirement 40

Retirement Payroll Planning Tools Compensation 40

Patriot Software

JUNE 27, 2022

If you offer retirement plans, it’s time for your crash course. As an employer, you’re probably familiar with W-2 wages and how they work. But, have you ever heard of 3401(a) wages? Get the lowdown on what 3401(a) wages are, how they work, and other 3401(a)-specific rules. What are 3401(a) wages?

Retirement 64

Retirement Compensation Course Payroll 64

Patriot Software

JANUARY 25, 2023

The SECURE Act of 2019 gave employers new incentives to offer retirement plans. Now, the SECURE Act 2.0 promises to deliver even more. Passed by Congress at the end of 2022, the SECURE Act 2.0 is a new and improved version of the previous bill. So, what’s inside the new bill? How will it encourage […] Read More

Retirement 52

Retirement ATS Payroll Resources 52

Patriot Software

JANUARY 25, 2021

As an employer, you can offer small business retirement options, like 401(k) plans, to your employees. But when it comes to 401(k) options, it isn’t just a one and done type of deal. There are a few different types of 401(k) plans to choose from. 401(k) Overview Let’s brush up on what 401(k) is, shall […] READ MORE.

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Retirement Payroll 80

Patriot Software

SEPTEMBER 22, 2022

Are you planning to offer your employees a retirement plan for the first time? Or, are you considering switching from a SIMPLE IRA to 401(k)? Whatever the case, you might have questions about the difference between a 401(k) vs. SIMPLE IRA plan. After all, you want to choose the best plan for your business. Read […] READ MORE.

Retirement 52

Retirement Payroll 52

Patriot Software

FEBRUARY 20, 2019

Whether you complete Forms W-2 on your own, use payroll software , or have a tax preparer, you should be semi-fluent in decoding Form W-2. Payments not subject to federal income tax include pre-tax retirement plan contributions, health insurance premiums, and commuter benefits. Retirement plan. This is not a mistake.

How To 40

How To Retirement Payroll Planning Tools 40

Patriot Software

FEBRUARY 13, 2019

Do you offer benefits like health insurance, life insurance, and retirement plans? After addressing the above, remove the deceased from your business’s payroll, website, and phone and email systems. If you use payroll software, remove the deceased from the system. Keep payroll records for at least three years.

Hiring Software 41

Hiring Software Planning Tools Payroll Time and Attendance 41

Patriot Software

JANUARY 14, 2019

You might include information about health care, retirement funds, workers’ compensation , disability insurance, or employee discounts. And, the software integrates with Patriot’s online payroll. The post What to Include in an Employee Handbook appeared first on Payroll Tips, Training, and News. Discipline.

Handbook 51

Handbook Code of Conduct Hiring Software Harassment 51