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How to set up a payroll process: 10 steps

Insperity

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Also, there are some states and local governments that require separate ID numbers in order to process taxes. Plan how you’ll track hours worked and time off.

Payroll 262
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What is a PEO?

Insperity

This allows the PEO to handle functions such as payroll, benefits, tax remittance and related government filings. Typically, a PEO can manage all the HR jobs that you would have to outsource to multiple service providers – like payroll processing, benefit plan management and administration, recruiting and training, and more.

Payroll 253
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7 Top HR Mistakes Companies Make

Insperity

Written policies and standard operating procedures are the boundaries that govern employee conduct. And because of the Health Insurance Portability and Accountability Act (HIPAA), it may be wise to store your employees’ health and welfare-related benefits information separately as well. Employees will complain. Prevention is key.

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

government passed a significant piece of legislation: the SECURE 2.0 workers who are in earlier or middle stages of their careers, their ability to contribute to a retirement savings plan has been hindered by household debt and repayment of student loan debt. employer-sponsored 401(k) plans. In December 2022, the U.S.

Security 292
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COVID-19 vaccinations for employees: Can employers mandate it?

Insperity

For the most up-to-date information, please visit the following government websites: Workplace vaccination program – Centers for Disease Control and Prevention (CDC) COVID-19 vaccination distribution process – U.S. Other factors include federal, state and local laws (not to mention vaccination distribution plans and availability).

Legal 312
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Employees sue Wells Fargo for insurance plan’s inflated prescription drug prices

Work Life

was accused in a lawsuit filed on Tuesday of mismanaging its employee health insurance plan and forcing tens of thousands of U.S. Pharmacy benefit managers are facing increased government scrutiny over their role in escalating costs of prescription drugs. Wells Fargo & Co. employees to overpay for prescription drugs.

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Health Care Reform: Is My Business an Applicable Large Employer?

Insperity

Nonprofit, for-profit and government entities are all subject to the employer shared responsibility rules. For 2014 tracking only, the government is allowing employers to use six consecutive months of employee counting, rather than the full 12 calendar months. Paul Foery is manager of insurance services for Insperity.

Insurance 200