Allwork
MAY 28, 2024
Open-ended exemption tests for employees dictate that individuals working for salaries hardly above the national poverty line can be exempt from overtime payments so long as their employer can create responsibilities that sound administrative. The second test is the salary test, which states that an employee must meet a salary threshold.
BMT Office Administration
SEPTEMBER 1, 2023
31, 2025: Catch-up contributions will be treated as satisfying the Roth, after-tax requirement, even if employees’ contributions aren’t designated as Roth contributions. 24, 2023, and should reference Notice 2023-62. Specifically, until taxable years beginning after Dec. Comments should be submitted in writing on or before Oct.
Allwork
DECEMBER 1, 2022
Globally, the number of gig workers from 2018 to 2023 will have grown from 43 million to 78 million, according to a Mastercard report. By 2025, India will likely have 350 million gig jobs. Overall, growth in the near, mid-term, and long-term future looks remarkable. .
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