Potpourri
The new CRM system goes by this name
What is HUBSpot?
This is an easy and prompt way to add a new employee
What is Quick Hire?
The OBBBA was signed into law on this patriotic national holiday, 2025
What is July 4th?
Employers are required to send W2s out to their employees by this date of the new year
What is Jan 31st?
Contractors do not receive one of these if they did not make $600 in non-employee compensation, dividends, or interest in the year
What is a 1099?
The two places Eligibility Rules can be set up in the system
What is Management/Benefits/Eligibility Rule and Client Management/Time Management/Eligibility Rule
Effective for 2025 through 2028, individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the “half” portion of “time-and-a-half” compensation
What is the FLSA OT Premium
This box is where your Federal Income Tax that was withheld belongs
What is box 2?
An agreement between states allowing employees who work in one state but live in another to pay income taxes only to their home state.
What is Reciprocity?
What is Taxable and Non-Taxable
High earners of $145k+ prior year wages must make their catch-up contributions a Roth (after tax)
What is the Roth Catch Up Rule; Secure 2.0 Act
Your employer's identification number
What is EIN?
This federally enforced law states that overtime pay (1.5x) for non-exempt employees working over 40 hours a week must be paid at 1.5
What is the FLSA, Fair Labor Standards Act?
This area ties together steps and actions and is then used when setting up a series of repeatable transactions, which is the final step to completing the operation
What is workflow route?
Maximum annual deduction is $25,000; for self-employed, deduction may not exceed individual’s net income (without regard to this deduction) from the trade or business in which the money was earned.
What is No Tax on Tips?
This is a Corrected Wage and Tax Statement, it is used by employers to correct errors on a previously submitted Form W-2, IRS (www.irs.gov) and the Social Security Administration
What is a W2 C
Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas Washington and Wyoming do not have this
What is Withholding Tax (state income tax)
Not: ER is still responsible for withholding federal taxes
This area allows you to keep track of things such as Anniversary Dates, Birthdays, and Certifications. To access this screen, navigate to Employee Admin Tools
What are Employee Analytics? (the systematic collection and interpretation of workforce data to improve decision-making regarding hiring, retention, performance, and engagement.)
These are the 401K and IRA limit increases for 2026
What is (401(k) limit increases) $24,500 and $7,500 for Simple?
Retirement plan contributions (e.g., 401(k)), health insurance premiums, or dependent care benefits belong in this box
What is Box 12?
This is the Social Security 2026 Taxable wage base
What is $184,500? (with a 6.2% tax rate for both employee and employer)