New HSA Plan Limits For 2018

by | Sep 5, 2017 | Affordable Care Act, Business Tips, General News, Payroll, Taxes

New HSA Plan Limits For 2018 For 2018, individuals can contribute up to $3,450, up from $3,400 in 2017, while family contributions are up to $6,900, up from $6,750 in 2017. The maximum out-of-pocket figures are up too: $6,650 for single coverage, up from $6,550 in...

The Basics of Restaurant Payroll

by | Jul 10, 2017 | Business Tips, General News, Payroll, Taxes

Unlike other forms of traditional employment, such as salaried or hourly workers, restaurant payroll has specific requirements that make it much more challenging than the average business. When you’re paying your staff, you need to take into consideration the...

Learning about Form W-2

by | Jul 3, 2017 | Business Tips, General News, Payroll, Taxes

As an employer, you have probably already heard that the W-2 form is an essential requirement when it comes to taking care of tax season paperwork for the IRS. While the W-4 form needs to be provided by employees for tax withholding purposes, employers also have to...

Deciding if Flex Accounts Are Right for You

by | Jun 27, 2017 | Business Tips, General News, Payroll, Taxes

Deciding if Flex Accounts Are Right for You With our health care plans today, think Flex Accounts to help.  It’s always annoying to have a doctor or dentist visit and then have to lay out a certain amount of money for a co-pay. Not only that, but most times...

HSAs and FSAs: Are These Right for You?

by | Jan 23, 2017 | Business Tips, General News, Taxes

As explained by the IRS, a health savings account(HSA) is a tax-exempt trust or custodial account used to “pay or reimburse certain medical expenses you incur; you must be an eligible individual to qualify for an HSA.” Companies don’t need...