Benefits

Payroll Partners is excited to announce our partnership with FinFit. FinFit provides a short-term loan* option that offers a responsible solution for employees so they can worry less about finances and focus more on their job, all provided at no risk to your company**. Get your employees on...

We all know that the cost of employee benefits is increasing. A "cafeteria plan" is one way to rein in those costs. Through this plan, employees can select from an array of benefits, a "cafeteria" offered by your company. Example: Suppose you are prepared to offer...

The IRS has announced the following cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2018 tax year [IR 2017-177; Notice 2017-64, 2017-45 IRB ]. Elective deferrals. The limitation on the exclusion for elective deferrals under Code Sec. 402(g)(3) will increase...

The Social Security Administration (SSA) has announced that the maximum earnings subject to Social Security (OASDI) tax will increase from $127,200 to $128,700 in 2018 (an increase of $1,500) [SSA News Release, Social Security Announces 2.0 Percent Benefit Increase for 2018, 10/13/17; SSA Fact Sheet, 2018 Social Security...

Building a business takes the complete and total dedication of all involved. Making sure customers are delighted while ensuring you are getting the best return on your investments is paramount to success. Finding ways to mitigate some costs can be a challenge.  First there is trying...