Business Travel in St Petersburg Florida

Still important: The tax impact of business travel

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With conference calls and Web meetings increasingly prevalent, business travel isn’t what it used to be. But if your company is still sending employees out on the road, it remains important to understand the tax ramifications. Fringe benefits Generally, for federal tax purposes,...
Retirement Benefits in St Petersburg Florida

Understand Your Social Security Retirement Benefits

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For years, people have questioned the viability of the Social Security system going forward. In July, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. The report projects that the combined asset...
Social Security Benefits in St Petersburg Florida

What You Need to Know About Your Social Security Benefits

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What Happens if I Receive Social Security Retirement Benefits While Still Working? If you’re under full retirement age (FRA) and earn more than the annual limit (subject to inflation indexing), your benefits will be reduced, as follows: If you’re under FRA for the...
Incentive Compensation in St Petersburg Florida

A Fresh Look at Incentive Compensation

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Bonuses: They’re not just for senior executives anymore. Many companies now offer performance-based incentives to rank-and-file personnel, too. But serious problems can occur when these incentives are too strong, poorly designed or insufficiently monitored. For example, in...
Retain in St Petersburg Florida

Leverage Benefits to Recruit and Retain Talent

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It’s a lot more efficient to retain good employees than to find and hire new ones. The Society for Human Resource Management (SHRM) recently asked its members how they are adapting their employee benefit programs to avoid losing quality workers. Two-thirds of respondents in...
Social Security in St Petersburg Florida

How Much Will Social Security Recipients Collect Monthly in 2017?

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Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 65 million Americans will increase just 0.3% in 2017, the federal government announced. The 0.3% cost-of-living adjustment (COLA) will begin with benefits that more than 60 million Social...
Social Security in St Petersburg Florida

FAQs about Social Security Retirement Benefits

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For years, people have questioned the long-term viability of the Social Security system. In June, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. It projects that the combined asset reserves of...
Value in St Petersburg Florida

Do Your Employees Value the Benefits You Offer?

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When you add them all up, employee benefits can easily equate to 30% or even 40% of total compensation. Chances are, your workers have no clue about that. But they should. The International Foundation of Employee Benefit Plans recently asked its members what they’re doing...
Retirement Plan in St Petersburg Florida

For Sound Benefits Administration, Formalize Your Retirement Plan Policies

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An “investment policy statement” (IPS) isn’t explicitly required by federal law. However, ERISA — the statute governing retirement plans — does anticipate that plan fiduciaries will have a specific policy in mind. In other words, it’s assumed that...
Auto-Enrollment in St Petersburg Florida

Employees Not Saving for Retirement? Consider Auto-Enrollment

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Employees who push back that start date for retirement savings will have a hard time catching up — and may wind up on your payroll longer than you might prefer. For example, an employee who starts saving at age 25 and stops at 65 will, assuming a seven percent average...
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