Allwork

OCTOBER 6, 2023

job market experienced growth in September 2023, defying expectations amidst rising interest rates and political challenges. Bureau of Labor Statistics , nonfarm payrolls surged by 336,000 — significantly surpassing the Dow Jones estimate of 170,000. This growth is the most substantial since January and shows the resilience of the U.S.

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Allwork

SEPTEMBER 5, 2024

Layoffs have also risen, reaching 1.762 million — the highest since March 2023. A report on the data by Indeed highlights that nearly 80% of the decline in openings occurred within the Health Care and Social Assistance sectors, adding that July’s sharp drop might be inflated. year-over-year.

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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. Rethinking medical travel benefits for reproductive health care and family planning. Jackson Women’s Health Organization decision, which reversed Roe v. We wish we had a crystal ball, but we don’t.

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Success

MARCH 9, 2023

One night, she spent hours after work navigating different websites trying to find a dance class at the right time, and the idea for ClassPass came to her: one membership that could provide access to an array of fitness studios and gyms so people could easily find ways to improve their health through classes that played to their unique interests.

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BMT Office Administration

MARCH 3, 2023

For 2023, you can deduct up to $1.16 million of the cost of qualified property—machinery, equipment, standardized computer software, and improvements to nonresidential buildings—placed into service in 2023. In 2023, this amount is $2.89 IRC § 179 puts money in your pocket by letting you take a full tax deduction instead.

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BMT Office Administration

MAY 9, 2024

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

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BMT Office Administration

OCTOBER 6, 2022

However, Payroll teams are busy preparing for a different season — year-end reporting. Even though time is ticking down, it would be prudent to act as if the IRS will issue these regs in time for 2023 filing. For 1095 reporting by self-insured group health plans, you can also be penalized for not reporting employees’ dependents’ SSNs.

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Bonnie Low-Kramen

JANUARY 10, 2024

By Bonnie Low-Kramen for Admin Professional Today | November, 2023 The Great Resignation of 2020 led to massive and chaotic hiring in 2021. As burnout, stress, and mental health issues increased to red alert levels due to poor onboarding and inadequate training, Quiet Quitting took hold in 2022. What’s happening now? Quiet Hiring.

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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. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. Medical and health care payments.

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Page Personnel

JULY 20, 2022

simonewu 24/01/2023 Human resources (HR) functions are evolving quickly. In addition, the HR assistant will provide assistance to senior members of the team in a range of areas, including recruitment, training, performance management, employee orientation, payroll administration, employee welfare and health and safety.

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BMT Office Administration

JUNE 26, 2023

In fact, ROBS is currently the most popular form of business financing in 2023. Businesses have to incur lots of expenditures just to operate, including payroll , acquiring assets like vehicles & real estate, and day-to-day expenses (like a restaurant maintaining their inventory of condiments, food ingredients, and beverages).

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Allwork

OCTOBER 16, 2024

Nearly half (47%) identify work stress as the primary cause of their deteriorating mental health, beating out concerns like inflation (42%), information overload (14%), or anxiety due to AI (9%). Most employees across generations report work stress as the top cause of mental health decline.

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Allwork

FEBRUARY 7, 2025

” Nonfarm payrolls increased by 143,000 jobs last month after rising by an upwardly revised 307,000 in December, the Labor Department’s Bureau of Labor Statistics said. The moderation in job gains was payback after payrolls also surged by 261,000 jobs in November. Social assistance payrolls rose by 22,000 jobs.

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Allwork

JANUARY 23, 2025

percentage points in 2022 and 2023. Last week’s claims data covered the period during which the government surveyed businesses for the nonfarm payrolls component of January’s employment report. Claims rose slightly between the December and January survey weeks Nonfarm payrolls increased by 256,000 jobs in December.

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Allwork

DECEMBER 19, 2024

percentage points between March 2022 and July 2023 to tame inflation. Robust Consumer Spending The claims data covered the week during which the government surveyed businesses for the nonfarm payrolls component of December’s employment report. The Fed hiked its policy rate by 5.25 Stocks on Wall Street were higher.

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