In addition to being used for medical expenses, HSAs can also serve as investment or retirement accounts, as the account belongs to the employee. The funds in an HSA can be used for general non-medical purposes, without penalty, once the employee reaches age 65. Any withdrawn funds used for non-medical purposes are still subject to […]
Commuter benefits allow employees to take advantage of tax laws to divert pre-tax income to help cover the costs of commuting to and from work. Employers benefit because they create an incentive to attract and retain employees. Employers also benefit because every dollar that is deferred by employees to commuter benefits reduces the payroll taxes […]
Weekly column with Zenefits payroll specialist, Matthew Keller. The column covers recent payroll and accounting law changes, taxes, and more.
Flexible Spending Accounts (FSA) allow employees to put pre-tax income into an account to help cover qualified health expenses like copays & prescriptions.
Offering employees a health savings account can be a win-win situation. In this article, we break down why it's a good thing for employees and employers.
If compliance challenges have you face-palming, you’re not alone. Nearly 60% of those surveyed in a 10,000 firm study feel your pain.
If Disability (STD or LTD) premiums are paid pre-tax, then benefits will be taxed. Read why in this post.
One of the most time-consuming and confusing parts of managing employees is managing their paperwork. From the moment you first meet a candidate to their eventual last day on the job, the employer/employee relationship generates a paper trail that includes resumes, offer letters, signed employee handbooks, I-9s, performance reviews, benefits and compliance documents, and much […]
Bud lays out an end-of-year health benefits checkup, including things for employees and employers to do before 2016 is here.