In July 2025, the family tax benefit increases in Hungary, while the scope of NÉTAK is narrowed to exclude older women from personal income tax exemption.| Helpers Finance
Some businesses process payroll internally, while others outsource to a third party. Learn more about in-house payroll vs. outsourcing.| Patriot Software
A cell phone reimbursement is an employee benefit where an employer covers work-related mobile phone expenses. Find out if it's taxable.| Patriot Software
Both Donald Trump and Kamala Harris endorsed “no tax on tips” in the 2024 presidential election. The discussion continues gaining momentum, and several bills (“No Tax on Tips Act” and “The One, Big, Beautiful Bill”) bring it into the spotlight. But will it happen? It could. On May 20, 2025 the Senate unanimously passed the […]Read More| Patriot Software
Explore key payroll trends, tax changes, and technology shaping small business payroll in 2025. Stay ahead with industry data!| Patriot Software
Have you heard the chatter about a “no tax on tips” proposal? It’s part of the recently proposed “One, Big, Beautiful Bill,” along with another popular provision—”no tax on overtime.” Overtime pay, or time and a half, is currently taxed like regular wages. The no tax on overtime proposal would provide a federal income tax […]Read More| Patriot Software
The Federal Unemployment Tax Act (FUTA) is a key part of unemployment insurance in the US, providing funding to state unemployment programs. However, employers in certain states may face increased FUTA taxes in 2025 due to outstanding federal advances. If you’re an employer in California, Connecticut, New York, or the Virgin Islands, you should be […] The post Potential 2025 FUTA Credit Reductions: What You Need To Know appeared first on Media Services.| Media Services
Make sure to check out the key updates that affect HR, payroll, and employee benefits in 2025, and consult your accountant or HR specialist.| Hungarian Work Permit
The Hungarian minimum wage and guaranteed minimum salary are increased again as of 1 January 2025. Learn how it affects your Hungarian business.| Helpers Finance
Employers use a lookback period to determine how frequently to deposit Social Security, Medicare, and federal income taxes.| Patriot Software
Retirement age in Hungary is 65 years, after which everyone can receive pension from the state. However, people are allowed to work even if they pass that age. In fact, employing pensioners is encouraged by various tax benefits. The post Why to employ pensioners at your Hungarian company? appeared first on Helpers Finance.| Helpers Finance
If you are in the middle of hiring a person like this, you should consider choosing a starting date still in July, so you can still take advantage of the tax benefit of labor market entrants while it is available. The post Tax benefit of labor market entrants reduced from August 2024 appeared first on Helpers Finance.| Helpers Finance
When it comes to Hungarian labor rights, commuting means that an employee lives in a settlement different from where their workplace is located. When that happens, the employee is eligible for the reimbursement of their commute expenses. The post Am I obligated to pay for my employee’s commute expenses? appeared first on Helpers Finance.| Helpers Finance
To support people who live with severe health conditions, Hungary offers them a special type of personal income tax benefit. The disability benefit reduces the personal income tax one has to pay, increasing the net salary of employees. The post Disability benefit for the personal income tax in Hungary appeared first on Helpers Finance.| Helpers Finance
While major taxes do not change very often in Hungary, the system is tweaked every year. Read on to learn about changes to taxes most relevant to employees and HR, such as fringe benefits, the social contribution tax, and taxes on various types of gifts. The post Changes to taxes in 2024 in Hungary relevant for HR appeared first on Helpers Finance.| Helpers Finance
Like every year, minimum wages have recently been adjusted to offset the impact of inflation. The minimum wage was increased by ca. 15%, and the guaranteed minimum salary by ca. 10%. There have been no changes to payroll taxes in 2024. At the same time, there are some new features for the SZÉP Card. The post Salaries and payroll taxes in 2024, Hungary appeared first on Helpers Finance.| Helpers Finance
Whether it is because of increased turnover or employees taking their holidays, your business might be in need of temporary workers. You have various options, just make sure to declare the employment correctly to avoid fines. The post Summer is the season for temporary work – make sure to declare it appeared first on Helpers Finance.| Helpers Finance
In Hungary, social contribution tax is paid on various types of income of natural persons. The tax is aimed toward supporting social institutions, such as pensions and allowances. Its rate is 13% of the tax base. Read on to get a quick summary of how it works. The post Social contribution tax in Hungary: an overview appeared first on Helpers Finance.| Helpers Finance
Starting from this year, flat-rate taxpayers must report their income and pay their taxes not monthly but quarterly. This is done easiest through ONYA, the online reporting platform of the Hungarian Tax Authority. The relevant form 2358 has just received an update to become more user-friendly. The post Revamped form 2358 makes reporting easier for flat-rate taxpayers appeared first on Helpers Finance.| Helpers Finance
Are you a freelancer who pays taxes under flat-rate taxation in Hungary? Whether you are a KATA orphan or have just started your business, there are a bunch of rules you need to learn about deadlines, limits, and tax exemption. Read on to get an overview of the 5 most important things you must keep … The post 5 things to watch out for as a freelancer under flat-rate taxation appeared first on Helpers Finance.| Helpers Finance
Learn about the most important tax benefits available to your employees in Hungary, and plan better for salaries and payroll costs at your company.| Hungarian Work Permit
While student residency is normally given for the purpose of full-time study in Hungary, you can also perform work while attending university. Learn how.| Hungarian Work Permit
Cafeteria in Hungary is the collective term for fringe benefits you can give your employees above their gross salary. Is it relevant for your company?| Hungarian Work Permit
Most students in Hungary are employed not directly, but through student organizations that act as intermediaries and job agencies. Hire a student today!| Helpers Finance
Starting from 1 January 2022, social contribution tax (or “szocho”) will be reduced to 13%, and the vocational training levy will be abolished. Learn more.| Helpers Finance