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  • Reporting of Term Life and Accidental Insurance over $50,000

    Our company pays for $100,000 for group term life insurance and $100,000 for accidental life insurance. I did not realize that the employee was responsible to pay taxes on the portion of life insurance above $50,000 that the employer pays. Is the employee…

  • Formula for 401k and ROTH

    Good Morning, I was wondering if anyone has a formula created for 401k and ROTH, I know the combined contribution between the two cannot exceed $19,500 in 2020 but I have employees who have both and the system has a limit on 401k of $19,500 and ROTH…

  • PTO Accrual: Limits and carryover

    Good Morning, I am new to the Sage Community about 4 months. I am evaluating the leave balances and accruals for all of our employees and I am having some concerns as to the set up. We have employees that earn 40 hours a year (new Hires) then after…

*Community Hub is the new name for Sage City