Coal Country Community Health Center’s Post

🚨 Auto-IRA update 🚨 A new law establishes RISavers, an auto-IRA program for employees at companies with 5 workers without retirement plans. Employees 18 and with 120 days of service are automatically enrolled but can opt-out. Rollout will begin with larger employers and expand over 36 months. #RetirementSavings #RISavers #AutoIRA #FinancialSecurity

🚨 Auto-IRA update 🚨 A new law establishes RISavers, an auto-IRA program for employees at companies with 5 workers without retirement plans. Employees 18 and with 120 days of service are automatically enrolled but can opt-out. Rollout will begin with larger employers and expand over 36 months. #RetirementSavings #RISavers #AutoIRA #FinancialSecurity

As you look for who to do business with, consider their connections, the support they receive and provide. Paychex alone has been selected as a preferred provider of payroll, retirement, and HR services for many national associations representing CPAs. EAs, and tax professionals. Not only that but you get ME! :) I believe curating relationships is the groundwork of any partnership. October 15th is another insane deadline for the accounting community and their efforts don’t go unnoticed. Having a grand time out in the field today delivering “Fuel for the 15th” goodie bags to my partners. #paychex#paychexproud#payroll#hr#retirement#preferredpartner#cpas#taxprofessionals#enrolledagents#fuel

The SECURE Act 2.0 brings expanded coverage for long-term part-time employees. The recently-passed act expands the SECURE 1.0 long-term part-time employee rules by establishing a shorter two-year eligibility period. Effective for plan years beginning after December 31, 2024, long-term part-time employees with 500 or more hours of service in two consecutive 12-month periods must be eligible to make elective deferrals. Employees hired after January 1, 2021 can be affected by these eligibility rules.   In addition, beginning in 2027, lower-income employees will be eligible to receive a federal matching contribution of up to $2,000 per year that would be deposited into their retirement savings account. The matching contribution is 50% of the employee's contributions, but is phased out as income increases (for example, between $41,000 and $71,000 for married, filing jointly; $20,500 to $35,500 for single taxpayers, etc.). This match replaces the current Saver's Credit.   Want to learn more? We’re presenting at #WISHRM23 on October 12, 2023! We hope to see you there!   Need answers now? Contact us for more information!   Please note: This material is for informational purposes only and is not to be relied on as legal, tax, accounting, or investment advice.   #SECURE2 #RetirementPlan #401k #ConnectAndSimplify #TheBenefitCompanies #SHRM #WISHRM23

Safeguard your business from compliance headaches with our Heartland Payroll partnership. Stay ahead of state-mandated retirement requirements and avoid penalties. Receive real-time alerts, expert recommendations, & Much MORE! Get started today with 6 free months ➤ https://lnkd.in/g_CS8bny #Mitchell1 #HeartlandPayroll #ShopManagement

We just published a new blog post about a guide for retirees returning to work, learn more from your friends at Macke & Company, CPAs. Just click below.

You've been diligently searching for a job and you've finally got one. Hooray for you. The HR officer welcomes you and lists down all your benefits, you're ecstatic. A raise every year, health care, schooling opportunities, loans, field trips and a pension. As the years go by the main things you will obviously closely watch are: the raise, the schooling opportunities, the loans and field trips. Most of us will ignore the pension. The irony in that is, one of the things our parents encouraged us to get a job for was to work till retirement and secure our huge pension. Which is why we need to give it the attention it deserves. These huge pensions were possible back when work forces were small and manageable. Morden-day work forces are large due to development and population growth which have driven up demand for goods and services. Hence, policies, rules and regulations around pensions have evolved over time to suit the current environment. It is important to reflect on these changes and what are their implications on you as an employee. Good morning.

💼 Should you hire your spouse in your business? 🤔 While it usually means paying payroll taxes, there are strategic benefits. Want to maximize retirement accounts or manage high medical costs? Employing your spouse could be the key. Discover the pros and cons in this episode! 👫💡 #PayrollTaxes #RetirementPlanning #MedicalCosts #FamilyBusiness

Our advanced Payroll module is the perfect solution for hospitals, long term care facilities, retirement homes, and developmental services. Effortlessly manage your payroll and eliminate errors and discrepancies in just a few clicks. Read more 👉 http://bit.ly/41cHnvK #GoEasyCare #developmentalservices #ltc #longtermcare #automatedscheduling #workforcemanagement #communityliving #empoweringpeople