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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

In particular, traditional business financing options like bank loans have been declining since 2020 — where they fell 6% from 2019 (43% to 37%, respectively). It’s where an individual uses their personal funds, usually from their retirement fund or 401k, to finance their business tax-free. Why is that? What is a ROB? What’s that?

Finance 105
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Trump’s Government Workforce Purge Could Cost U.S. Economy Up To 1 Million Jobs

Allwork

Postal Service federal workers as a share of overall payroll employment has edged up to 1.52% from 1.47%. It is also well above the level typically seen in the years just before the pandemic, with the exception of a short-lived spike in January 2019 due to a government shutdown over a budget impasse. from late 2000.

Payroll 200
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The top priority of progressive politics may be slipping out of reach forever

Vox Open Sourced

A protester wearing a Trump paper mâché head stands in front of a barricade and holds a sign that reads, “Death and taxes” in New York in 2019. Social Security currently pays out more in benefits than it takes in through payroll taxes. For now, the program’s dedicated trust fund fills in the gap.

Agenda 109