Allwork

JUNE 11, 2024

The company once expanded rapidly but suffered massive losses due to expensive leases and a sharp decline in demand caused by the COVID-19 pandemic, which ultimately led to WeWork filing for bankruptcy protection in November 2023. This signals a fresh start for the firm once hailed as the most valuable U.S. Last month, a U.S.

2019

Allwork

JUNE 30, 2023

While the dust from the 2023 tax filing season has long since settled, if you are a freelance worker, independent contractor , or digital nomad, now isn’t the time to forget about your taxes. Firstly, it is the simplest and least expensive form of business to set up and maintain. While celebrating U.S.

Legal

Success

SEPTEMBER 8, 2023

Unlike other retirement plan options, there are no filing requirements or expensive fees to maintain a SEP IRA. SEP IRA contribution limits for 2023 One of the benefits of a SEP IRA is the amount that can be put away for retirement. The SEP IRA has one of the highest 2023 contribution limits of any retirement plan.

Retirement

Success

AUGUST 3, 2023

SEP IRAs also don’t require yearly filings like 401(k)s or other retirement plans. Employee Contribution Limit: Up to $22,500 in 2023 for a traditional 401(k), with $7,500 in catch-up contributions available to those ages 50 and older if the plan permits. Employer contributions can be deducted as a business expense.

Retirement

Success

SEPTEMBER 29, 2024

These plans are tax advantage savings vehicles for education expenses like tuition and books. I don’t think it’s any secret that higher education is expensive.” Additionally, 529 plans can now be used for continuing education classes, apprenticeship programs and associated expenses (like tools), and student loan repayments.

Expenses

Success

JULY 18, 2023

Under the nonelective clause, even if an eligible employee doesn’t contribute to the SIMPLE IRA, the employer must still contribute a percentage based on the annual salary cap of $330,000 in 2023. Employers can deduct contributions as a business expense. Employer contributions are tax-deductible in the year they are made.

Retirement

Success

SEPTEMBER 30, 2022

Investments toward your future should be the last expense on your chopping block. Analysts at both Goldman Sachs and Bank of America predict a recession will occur in 2023, but because gross domestic product dropped 1.6% But if there was ever a time to make financial cutbacks, this isn’t it. Inflation reached 9.1%

Retirement

Allwork

DECEMBER 12, 2023

In its uphill effort to restructure finances and business operations , WeWork is reported to have already canceled around 70 leases since it filed for Chapter 11 bankruptcy. The stacked challenges proved to be too steep, leading the company to file for Chapter 11 Bankruptcy in New Jersey on Nov.

Finance

Allwork

FEBRUARY 27, 2024

The legal process allows companies 120 days from the bankruptcy filing date, in this case, November 6, 2023, to either assume or reject each lease, according to CoStar. In court filings WeWork is stressing its business restructuring and the renegotiation of lease agreements to alleviate unsustainable rent expenses.

Negotiating

BMT Office Administration

DECEMBER 6, 2023

Today’s inaugural edition is focused on applying for a waiver from filing electronically. Who must file electronically? Final regulations issued earlier this year require you to e-file all your information returns if you’re filing a combination of any 10 information returns. What about those e-filing waivers?

Filing

BMT Office Administration

JANUARY 11, 2023

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. Final e-filing regs. The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s. Two sets of wage-and-hour regulations.

Payroll

BMT Office Administration

MARCH 3, 2023

And now is the time to think about them, since the tax-filing deadlines for calendar-year corporate returns are fast approaching—March 15 for S corps and April 18 for C corps. For 2023, you can deduct up to $1.16 In 2023, this amount is $2.89 Congress routinely showers small businesses with tax preferences. Your taxable income.

Payroll

Success

AUGUST 28, 2024

According to a 2023 survey, 73% of American workers are concerned about climate change, and 61% said they want to see their company “take a stronger stance on the environment.” I utilized this to set up a rainwater harvesting system, which considerably lowered my water expenses and environmental impact,” he says.

Carbon Footprint

Entrepreneur.com

JUNE 12, 2025

Ferid Murad, MD, PhD and Nobel Laureate (1936 - 2023) was among three pharmacologists who made the Nobel Prize-winning discovery of Nitric Oxide. Dr. Murad served on humanns Science Advisory Board from 2020 until his passing in 2023. It was slower, harder, and more expensive, but it was the only path that felt right.

Retirement

BMT Office Administration

MAY 9, 2024

That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. It went into effect for plan years beginning in 2023, and it’s only available for employees who aren’t currently enrolled in your 401(k) plan. From the implementation of SECURE 2.0

Payroll

BMT Office Administration

NOVEMBER 16, 2022

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. What is a W-2?

Payroll

Recruit CRM

NOVEMBER 8, 2021

billion dollars by 2023? Improved Cost Per Hire We all know most businesses cannot invest hundreds of dollars ongoing through the expensive screening process, every time they have to hire new talent. For Team KPIs we generate a quick chart with all your data in it that you can easily export via a CSV file.

Resume

Allwork

MAY 28, 2024

Difficult to identify, harder to quantify Although experts have thought that companies use phony job titles to circumvent overtime payments for years, in January of 2023, the National Bureau of Economic Research, or NBER, released a research paper on employers using titles to avoid overtime payments that quantified these assumptions.

Salary

Allwork

FEBRUARY 6, 2025

shared office space manager WeWork has filed for an initial public offering in Mumbai, draft papers filed by the company showed. “The company will not receive any proceeds from the offer for sale,” WeWork India Management said in the papers filed on Saturday, which did not detail expected pricing or time frame. .

Filing

Success

OCTOBER 23, 2024

This week, Rupert Murdoch’s media companies, Dow Jones and NYP Holdings, have filed a lawsuit against Perplexity AI, claiming the AI service is engaged in a “massive amount of illegal copying” of their copyrighted content.

Copyright

Allwork

DECEMBER 19, 2024

The case began when workers filed a class-action lawsuit in Orange County Superior Court, pointing to a series of tax rebate deals with Anaheim from 1996. The workers who filed the case reported earning between $12 and $14.25 However, in 2023, the California 4th District Court of Appeal reversed that decision.

2018

Success

JANUARY 8, 2025

She sold directly to friends, family and others through word of mouth and made around $2,000 between January 2023 and June 2024. TikTok shared in a court filing that it estimates small businesses and social media creators could lose $1.3 Then she joined TikTok Shop. Unreal, Sims says of the experience.

Social Media

Allwork

FEBRUARY 6, 2025

The number of Americans filing new applications for unemployment benefits increased moderately last week, consistent with steadily easing labor market conditions, though opportunities for those out of work are becoming scarce amid tepid hiring. percentage points in 2022 and 2023 to tame inflation. Claims dropped by 1,343 in New Jersey.

Filing