What are floating holidays?
Floating holidays: not just your trip on a cruise ship, it’s also an important term to know when determining your paid time off policy. Floating holidays…
What is a 401(k)?
A 401(k) plan is a tax-deferred savings plan for retirement. Contributions are deducted from an employee's gross pay and put into a 401(k) account. The maximum…
What is the difference between a Roth 401(k) and a Roth IRA?
Roth 401(k) A Roth 401(k) is a retirement savings plan set up by an employer for qualified employees. Contributions are deducted from an employee's check post-tax,…
What is the difference between short-term and long-term disability?
Short-term disability (STD) STD insurance is insurance that pays you a portion of your income for a short period of time after you run out of…
What is a 403(b)?
A 403(b) is a retirement savings plan, similar to a 401(k), that is offered to “certain employees of public schools, employees of certain tax-exempt organizations, and…
What is a 529 plan?
A 529 plan, also known as a “qualified tuition program,” is a great way to save for college that has some nice tax benefits. The IRS…
What is a taxable fringe benefit?
A taxable fringe benefit is not just decorative. These are non-cash benefits that your employees get that are subject to taxes, and it’s important to make…