Payroll system: Why it is Important
No matter the size of your business, payroll is one of the most crucial elements for the success of your business. While tracking employees’ times, benefits, tax withholdings, and wages can be overwhelming, a payroll system helps your business operate effectively. Additionally, a well-functioning payroll system ensures your employees have been compensated accurately and on […]
Should Employees Go to Work If They Are Sick?
During cold and flu season, it’s inevitable that people in the office will get sick. Every person with a fever, runny nose, sore throat, or cough has a difficult decision: should they stay home or go to work? Staying home is the best way to improve health and prevent others in the office from getting […]
Dependent Care and Commuter Contribution Limits 2023 FSA
For the taxable years beginning in 2023, the dollar limitation for employee salary reductions for contributions to health flexible spending arrangements increases to $3,050. Cafeteria Plans For cafeteria plans that permit the carryover of unused amounts, the maximum carryover amount is $610, an increase of $40 from taxable years beginning in 2022. Commuter Benefits For […]
