Mon, 28 Oct 2024 20:46:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png 32 32 https://www.patriotsoftware.com/blog/payroll/what-is-state-disability-insurance/ Fri, 16 Aug 2024 22:03:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-state-disability-insurance/ Here’s the situation: Your employee takes a little time off because they can’t physically work. What happens? They may be eligible for disability insurance benefits. Typically, you can elect to offer disability insurance to employees. However, five states have a mandatory state disability insurance program. Does your state require state disability insurance? Let’s get into […]

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]]> https://www.patriotsoftware.com/blog/payroll/are-payroll-deductions-for-health-insurance-pre-tax/ Tue, 12 Dec 2023 17:38:00 +0000 https://www.patriotsoftware.com/?p=53268 Creating an employee benefits package can help attract and retain talent. But providing health insurance benefits to your employees can leave you with questions. If you have your employees contribute to their premiums, you have to know how to deduct the cost from their gross pay. But, are payroll deductions for health insurance pre-tax? Read […]

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]]> https://www.patriotsoftware.com/blog/payroll/can-employers-reimburse-employees-health-insurance/ Tue, 12 Dec 2023 16:55:00 +0000 https://www.patriotsoftware.com/?p=52415 Let’s face it: Health insurance is expensive. The average employer health insurance premium contribution—per employee—is nearly $6,000 (single) and nearly $15,000 (family) annually. It’s natural to weigh your options, but skipping the benefit altogether? Nearly 90% of employees value health insurance. And with 72% of private industry workers having access to medical benefits, you could […]

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]]> https://www.patriotsoftware.com/blog/payroll/small-business-health-insurance-options/ Tue, 12 Dec 2023 16:22:00 +0000 https://www.patriotsoftware.com/?p=49647 Thinking about offering employer-sponsored health insurance? Sure, you could offer traditional group health insurance to your employees, but that’s not your only choice. There are several small business health insurance options you can choose from. Why not pick the program that fits your business?  Read on to learn about small business healthcare options to help […]

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]]> https://www.patriotsoftware.com/blog/payroll/qsehra-plan-small-business/ Tue, 12 Dec 2023 14:45:00 +0000 https://pslohio.wpengine.com/uncategorized/qsehra-plan-small-business/ Do employers have to offer health insurance? Under the Affordable Care Act, you must provide health insurance if you have 50 or more full-time equivalent employees. If this requirement doesn’t apply to you, you might decide to establish a QSEHRA plan. What is a QSEHRA plan? A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) is […]

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]]> https://www.patriotsoftware.com/blog/payroll/what-is-an-hsa/ Mon, 11 Dec 2023 22:15:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-an-hsa/ Most businesses offer employee benefits in addition to regular wages. Common employee benefits can range from different insurance options to types of retirement plans. Some employees have the option of opening an HSA. What is an HSA? What is an HSA? An HSA, or health savings account, is a plan where individuals put aside pre-tax […]

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]]> https://www.patriotsoftware.com/blog/payroll/fsa-vs-hsa-what-s-the-difference/ Thu, 07 Dec 2023 20:35:00 +0000 https://pslohio.wpengine.com/uncategorized/fsa-vs-hsa-what-s-the-difference/ When it comes to health coverage, there are a lot of options out there. FSAs and HSAs are healthcare plans that cover medically-related expenses not included under a traditional health plan. Do you know the difference or if you are FSA or HSA eligible? Both employers and employees should understand the difference between HSA and […]

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]]> https://www.patriotsoftware.com/blog/payroll/what-is-an-fsa/ Thu, 07 Dec 2023 20:28:00 +0000 https://pslohio.wpengine.com/uncategorized/what-is-an-fsa/ As an employer, you can offer various benefits to your employees. There are pre-tax and post-tax benefits for employees to enjoy. One plan you can offer employees is a health, or medical, FSA. So, what is an FSA? What is an FSA? An FSA, also known as a flexible spending account (or arrangement), is a […]

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]]> https://www.patriotsoftware.com/blog/accounting/what-is-e-o-insurance-and-do-i-need-it/ Mon, 07 Nov 2022 19:10:59 +0000 https://pslohio.wpengine.com/uncategorized/what-is-e-o-insurance-and-do-i-need-it/ Everyone makes mistakes. But, an error made at your business could be costly or even cause you to go under. You can protect your business with an errors and omissions insurance policy. Errors and omissions, or E&O, can save your company from certain customer lawsuits. What is E&O insurance? E&O insurance protects professionals who provide […]

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]]> https://www.patriotsoftware.com/blog/payroll/what-can-an-employer-do-with-forfeited-fsa-funds/ Wed, 19 Oct 2022 20:40:04 +0000 https://pslohio.wpengine.com/uncategorized/what-can-an-employer-do-with-forfeited-fsa-funds/ Many employers use flexible spending accounts (FSAs) to help employees pay for their medical-related expenses. Years ago, the “use it or lose it” rule was the main guideline for how employees could spend their money. Under this rule, employees forfeit any leftover money to you at the end of their plan year. Now, you have […]

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