Employee Matters

Employee PTO Donation Policy

For many, work and their co-workers can be like a family. As such, there are instances where employees may wish to “donate” earned paid time off (PTO) to other employees who may need it, typically to cover some sort of long-term medical condition or other emergency. This benefit is designed to be altruistic and allow co-workers to help another in need. Programs like this are especially popular now given the COVID-19 pandemic and the need to quarantine and isolate and to deal with potential long-term repercussions of the disease. However, there can be unseen tax consequences to these programs.

Healthcare Worker Bonus Clarification

On Friday, August 19, 2022, NYS did a townhall regarding the Healthcare Worker Bonus (HWB).  A recording of the webinar can be found here and a copy of the presentation from the NYS DOH can be found here.  There were several technical issues with the webinar which...

Q&A on Healthcare Worker Bonus Program

*Information as of August 17, 2022* Ken Cerini, Managing Partner and Edward McWilliams, Tax Partner of Cerini & Associates, LLP gave a background of the Healthcare Worker Bonus and answered participant questions. General Program Background:- Healthcare Worker...

Internal Controls – Cerini Short

Internal Controls Cerini Short In this Cerini Short, Nicholle Mezier, CPA, Manager explains Internal Controls. WHAT ARE INTERNAL CONTROLS? WHY DO WE NEED THEM? Internal controls are one of the most essential elements within any organization. Internal controls are put...

Internal Controls: The 5 Components

What are internal controls? Why do we need them?
Internal controls are one of the most essential elements within any organization. Internal controls are put in place to enable organizations to achieve their goals and missions.

Taxable vs Non-Taxable Benefits

As it becomes harder to attract and retain talent and also to help deal with soaring inflation, many employers are looking for ways to provide employees with tax-free benefits in order to entice employees to join or stay and help mitigate the impact of the rising costs. However, both employers and employees need to be aware that even despite their best intentions, many benefits or incentives can be considered taxable income – which from the employer side would require both withholding and reporting and would be includable in income for employees.

Taxable vs Nontaxable Benefits – Cerini Short

Taxable vs Nontaxable Benefits Cerini Short In this Cerini Short, Edward McWilliams, CPA, Partner talks about the Taxable vs Nontaxable Benefits. As it becomes harder to attract and retain talent and also to help deal with soaring inflation, many employers are looking...

Giving Your Retirement Plan a “PEP” Talk

Every time you turn around there seems to be additional risk and exposure surrounding pension plans … employees suing plan sponsors, worries about asset allocations and administrative fees, definitions of compensation, changing and confusing regulations, and more....

Concerns in a Down Economy

In a nutshell, the goal of a pension plan is to help your employees put aside money for their retirement. This can be done strictly on an employee deferment system, or you, as their employer can make contributions to help them reach their retirement goals. The problem...

Pension Planner – From the Editor

Quite often, we are provided with information about updates and regulatory changes for retirement plans. These updates are geared to benefit current and future retirement plan participants by improving accessibility for future financial security of individuals,...
Employee PTO Donation Policy

Employee PTO Donation Policy

For many, work and their co-workers can be like a family. As such, there are instances where employees may wish to “donate” earned paid time off (PTO) to other employees who may need it, typically to cover some sort of long-term medical condition or other emergency. This benefit is designed to be altruistic and allow co-workers to help another in need. Programs like this are especially popular now given the COVID-19 pandemic and the need to quarantine and isolate and to deal with potential long-term repercussions of the disease. However, there can be unseen tax consequences to these programs.

read more
Healthcare Worker Bonus Clarification

Healthcare Worker Bonus Clarification

On Friday, August 19, 2022, NYS did a townhall regarding the Healthcare Worker Bonus (HWB).  A recording of the webinar can be found here and a copy of the presentation from the NYS DOH can be found here.  There were several technical issues with the webinar which...

read more
Q&A on Healthcare Worker Bonus Program

Q&A on Healthcare Worker Bonus Program

*Information as of August 17, 2022* Ken Cerini, Managing Partner and Edward McWilliams, Tax Partner of Cerini & Associates, LLP gave a background of the Healthcare Worker Bonus and answered participant questions. General Program Background:- Healthcare Worker...

read more
Internal Controls – Cerini Short

Internal Controls – Cerini Short

Internal Controls Cerini Short In this Cerini Short, Nicholle Mezier, CPA, Manager explains Internal Controls. WHAT ARE INTERNAL CONTROLS? WHY DO WE NEED THEM? Internal controls are one of the most essential elements within any organization. Internal controls are put...

read more
Internal Controls: The 5 Components

Internal Controls: The 5 Components

What are internal controls? Why do we need them?
Internal controls are one of the most essential elements within any organization. Internal controls are put in place to enable organizations to achieve their goals and missions.

read more
Taxable vs Non-Taxable Benefits

Taxable vs Non-Taxable Benefits

As it becomes harder to attract and retain talent and also to help deal with soaring inflation, many employers are looking for ways to provide employees with tax-free benefits in order to entice employees to join or stay and help mitigate the impact of the rising costs. However, both employers and employees need to be aware that even despite their best intentions, many benefits or incentives can be considered taxable income – which from the employer side would require both withholding and reporting and would be includable in income for employees.

read more
Taxable vs Nontaxable Benefits – Cerini Short

Taxable vs Nontaxable Benefits – Cerini Short

Taxable vs Nontaxable Benefits Cerini Short In this Cerini Short, Edward McWilliams, CPA, Partner talks about the Taxable vs Nontaxable Benefits. As it becomes harder to attract and retain talent and also to help deal with soaring inflation, many employers are looking...

read more
Giving Your Retirement Plan a “PEP” Talk

Giving Your Retirement Plan a “PEP” Talk

Every time you turn around there seems to be additional risk and exposure surrounding pension plans … employees suing plan sponsors, worries about asset allocations and administrative fees, definitions of compensation, changing and confusing regulations, and more....

read more
Concerns in a Down Economy

Concerns in a Down Economy

In a nutshell, the goal of a pension plan is to help your employees put aside money for their retirement. This can be done strictly on an employee deferment system, or you, as their employer can make contributions to help them reach their retirement goals. The problem...

read more