Insperity

MAY 13, 2015

If you’re shopping for group health insurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group health insurance market considerably. The main oversight: Ruling out HSA-qualified plans. The account holder (i.e.,

Insurance

Insperity

MARCH 15, 2018

Payroll is a top priority for any business. By the same token, business leaders want payroll to be easy and hassle-free, so they can concentrate on growing their businesses. But there’s a lot of behind-the-scenes work involved to make the payroll process seamless from start to finish. And those payroll mistakes can be costly.

Payroll

Insperity

APRIL 16, 2015

Is your payroll a pain in the neck? These organizations can work with your company to provide comprehensive and affordable payroll, benefits and human resource services through a business-to-business relationship called “co-employment.” Payroll processing. Are you bogged down by employee paperwork? One-stop shop.

Payroll

Insperity

MARCH 25, 2021

Being an employer comes with many HR-related costs beyond the cash compensation you pay to your employees, such as: Payroll taxes (FICA, FUTA, Social Security, Medicare) Worker’s compensation insurance coverage Statutory insurance and paid leave programs (e.g., of an employees’ salary, according to the U.S. Administrative fees.

Payroll

Insperity

JANUARY 4, 2024

An example of this is a client company discovering that they’ve been continuing to pay for medical insurance for a terminated employee. Some compromise may be necessary When you choose your own insurance offering through a broker, you can select from a vast number of available insurance carriers and plan designs.

Payroll

Insperity

MAY 13, 2015

If you’re shopping for group health insurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group health insurance market considerably. The main oversight: Ruling out HSA-qualified plans. The account holder (i.e.,

Insurance

Insperity

NOVEMBER 25, 2013

Running a business means managing a ton of moving parts; payroll is just one of them. With so much going on, even within the payroll process itself, it’s easy for business owners to slip up. Keep an eye out for these payroll faux pas: 1. By using an automated payroll processing system, this oversight can easily be avoided.

Payroll

Insperity

SEPTEMBER 14, 2021

As a co-employer, the PEO you choose will ultimately take responsibility for payroll processing, providing workers’ compensation insurance coverage, providing an employee benefits package and a host of other sensitive human resources (HR) and administrative tasks. Is the plan fully insured, or self-funded?

Insurance

Insperity

FEBRUARY 25, 2021

If you rely on independent contractors, they will fall outside of your co-employment relationship with a PEO and outside of their payroll system. Payroll taxes. One for payroll Another for time and attendance A benefits broker A recruiting tool to track applicants And so on. Wage and hour compliance. Single vendor relationship.

Payroll

Insperity

APRIL 9, 2020

The application form will require various good faith certifications, including that the loan is necessary to support ongoing operations and that the funds will be used to retain employees and maintain payroll or make qualifying mortgage, lease and utility payments. Loan forgiveness. Loans are available in amounts up to 2.5

Security

Insperity

APRIL 5, 2022

At the end of the day, do you experience hefty payroll problems ? Get the help you need to: Provide employee access to big-company benefits – When outsourcing, everything from medical health insurance and dental and vision coverage to adoption assistance and training and development resources are in reach. Technology.

Small Business

Insperity

AUGUST 5, 2021

How might taxes, payroll and your company’s relocation impact your business? Finally, if you are using a local payroll company that doesn’t do business in your new location, you may have to start over with a new payroll services provider. A tax expert can be useful as you explore this aspect of a potential move.

Payroll

Insperity

JULY 29, 2012

You’ve identified your payroll responsibilities, obtained the necessary employer IDs, gathered employee paperwork and properly classified your workforce. Now it’s time to make decisions, do the math and deliver on your payroll obligations. Here are the final steps toward setting up a payroll system: 6. Select a payroll solution.

Payroll

Insperity

NOVEMBER 6, 2012

Payroll can be one of the biggest expenses for your business so doing it right is important. Here are some important factors to consider before recording and filing your payroll taxes. You are only responsible for payroll taxes for employees. The penalties of payroll mistakes. Social Security.

Payroll

Insperity

DECEMBER 15, 2014

The ALEs who don’t comply with the employer shared responsibility rules could face a tax penalty if just one full-time employee buys individual coverage through a federal or state insurance exchange (aka marketplace) and receives a tax credit or subsidy. Paul Foery is manager of insurance services for Insperity.

Insurance

Insperity

JANUARY 31, 2017

As a co-employer, the PEO you choose will ultimately take responsibility for processing payroll, providing workers’ compensation insurance coverage, providing employee benefits and a host of other sensitive tasks. Here are five steps you can’t afford to avoid.

Insurance

Insperity

JANUARY 11, 2018

Paid family leave is funded through an additional payroll tax deduction and offers 50 percent of employees’ base wages up to a certain amount in 2018, with gradual increases to 67 percent of average weekly earnings by 2021. The state provides a weekly deduction calculator so companies can estimate payroll deductions.

Payroll

Insperity

MAY 26, 2023

This may include: Health insurance 401(k) retirement plans Healthcare FSA/HSA programs Life/disability insurance 2. Relief from payroll and HR administration overload Pass off your daily HR duties – like administering benefits, managing employee paperwork, processing payroll and tax reporting – to a group that specializes in HR.

Payroll

Insperity

MAY 27, 2013

Though the employer mandate provisions of the Affordable Care Act have been delayed, health care insurance costs, taxes and fees are expected to continue to climb. Postponing your decision to provide health care insurance could prove to be very costly for your business. Don’t offer health insurance to your employees.

Insurance

Insperity

APRIL 20, 2023

Everyone wants less expensive benefits and insurance (and without having to scale back on coverage). These opportunities are examples of soft cost savings that often come with HR outsourcing , and they often help employers more adeptly run their business.

Onboarding

Insperity

AUGUST 16, 2016

You and your payroll provider should know: What is the minimum wage in the new state? Are there any payroll deduction regulations? How do we calculate payroll taxes in this state? Workers’ compensation insurance. This is the number one thing to consider before hiring remote workers in a new state. What does this entail?

Payroll

Insperity

AUGUST 17, 2023

A professional employer organization, or PEO , is an HR outsourcing option for organizations to help assume the most time-consuming HR task and employer liabilities, such as payroll and benefits. What makes a PEO relationship unique is the contractual allocation and sharing of employer responsibilities.

Insurance

Insperity

OCTOBER 2, 2018

Tax reform did a number on payroll. Federal tax reform has resulted in big changes in the payroll arena, so your payroll to-do list likely just got a lot longer than in recent years, especially if you have employees in multiple states. Payroll is just one major area where tax reform impacts businesses.

Payroll

Insperity

APRIL 26, 2018

In a nutshell, a PEO is an organization that enters into a co-employment relationship with your company, assuming many of your employer-related HR responsibilities, such as payroll and benefits. Working with a PEO can decrease your payroll-processing and related accounting costs. So, where are the savings? Retirement plans.

Payroll

Insperity

JULY 26, 2016

Find out if the PEO’s payroll and HR specialists have strong professional training or certifications as well as practical experience. Do you carry employment practices liability insurance (EPLI)? Is the plan fully insured, or self-funded? If it isn’t, the PEO may not be able to provide insurance to employees in that state.

Insurance

Insperity

APRIL 9, 2019

Are you meeting all the regulations and requirements for documentation, insurance and more? This typically involves a team responsible for people management, setting up benefits and payroll , helping with the company’s culture and making sure compliance is being met. For instance, is your business FMLA compliant ?

Payroll

Insperity

FEBRUARY 15, 2018

If not, you may not know there’s an issue until you notice a visa violation by Immigration and Customs Enforcement or there’s a payroll mix-up with the IRS. If they get sidetracked and forget to enroll by the required date, it could cause them and their dependents to miss out on health insurance until open enrollment rolls around.

Payroll

Insperity

JULY 13, 2021

Often a company’s employee information is spread among multiple technologies, such as: Applicant tracking and recruiting Employee onboarding Payroll, and time and attendance Benefits and COBRA administration Performance management. You have disparate technology systems. Your health care costs are rising and becoming harder to forecast.

Payroll

Insperity

NOVEMBER 12, 2014

Small businesses that can provide big-company benefits, such as affordable employee health insurance, will have a leg up on the competition when it comes to decision time for these hard-to-find employees.

Advertising

Insperity

JUNE 13, 2017

A CPEO takes on added responsibility related to payroll administration and federal employment tax reporting and payments. This allows the CPEO to provide benefits and handle functions such as payroll, tax remittance and related government filings. Payroll tax liability. 45R credit for health insurance expenses.

Payroll

Insperity

FEBRUARY 26, 2019

Rounding out your list are likely things like compliance law, worker’s compensation, payroll administration and company culture. For small- and medium-size businesses, worker’s compensation insurance costs can be exorbitant. Your first concerns are probably financial and technological in nature. How is an employee onboarded?

Payroll

Insperity

AUGUST 8, 2012

By joining a larger group for health insurance bids, retirement plans and workers’ compensation, your company will likely be able to offer more extensive and less expensive benefits. Payroll – Partnering with a PEO can decrease your employer payroll processing and related accounting costs. They can also save you money.

Payroll

Insperity

JUNE 24, 2015

In any case, you should notify payroll to make them aware of any changes to your employee's salary during the leave. Short-term disability insurance and long-term disability insurance are both designed to provide replacement income to your employees in the event they’re unable to work due to injury or sickness.

Insurance

Insperity

FEBRUARY 3, 2011

Finding a new medical insurance provider. The ever-increasing cost of medical insurance premiums can really cut into a company’s profits. By finding the time to negotiate a better rate with another medical insurance provider, a company could reap the benefit of increasing working capital that could be used to grow the business.

Insurance

Insperity

AUGUST 1, 2023

Provide better benefits Benefits costs are continually on the rise, particularly health insurance – and businesses can struggle to contain these costs , especially as the size of the organization increases and regulatory requirements mount.

Price Negotiations

Insperity

APRIL 7, 2020

The FFCRA: Provides federally mandated emergency paid sick leave Expands the federal Family and Medical Leave Act (FMLA) and provides emergency provisions for coverage and eligibility Expands unemployment insurance benefits Provides employer tax credits to qualifying employers for certain costs related to the implementation of this law.

Insurance

Insperity

JULY 27, 2021

payment of wages and payroll processing). With a PEO, your staff gains access to employee benefits that rival that of a Fortune 500 company — including health insurance plans, retirement and other benefit plans. But rest assured — a PEO is employer for certain purposes only (e.g., In fact, the opposite is likely true.

Small Business