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Despite Continued Layoff News, Latest Data Shows Resilient U.S. Job Market

Allwork

nonfarm payrolls far exceeded economists’ predictions of 185,000 jobs. Job gains were recorded in professional and business services, health care, retail trade, and social assistance, according to the BLS report. Additionally, December’s payrolls were revised to 333,000 from 216,000. ADP reported 5.2%

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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. These regs will scoop up smaller employers into the e-filing net. Issues regarding reproductive healthcare services will ramp up again as state legislatures reconvene this month. Final e-filing regs.

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IRS guidance addresses SECURE 2.0’s catch-up contribution dilemma

BMT Office Administration

The saga of 401(k) catch-up contributions under SECURE 2.0 Beginning with catch-up contributions to be made next year, employees whose Social Security wages (W-2, Box 3 wages) exceed $145,000 this year can make catch-up contributions on a Roth, after-tax basis only. is well known.

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Payroll update: Student loans, free tax filing, and more

BMT Office Administration

One tidbit we’ve picked up? Section 271 of the Fiscal Responsibility Acts of 2023 ( H.R. The pause in student loan collections is unrelated to the Department of Education’s plan to forgive up to $20,000 in student loan debt. And yes, some very prominent payroll questions are included. And we make our free throws.

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U.S. Private Sector Adds Nearly Half a Million Jobs in June

Allwork

What’s going on: In June 2023, the private sector in the U.S. The report, produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, uses anonymized payroll data from client companies served by ADP to provide a comprehensive picture of the labor market.

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Celebrating New Talent: Emerging Entrepreneurs Shines a Light on Up-and-Coming Entrepreneurs

Success

And the magazine is making that even more official with its new Emerging Entrepreneurs awards , which will shine a light on the next wave of entrepreneurs and recognize the achievements of up-and-comers. “We In our society, we’re taught so often to never quit and never give up. That feeling of how are you going to make payroll?

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Why Business Podcasts Are The Ultimate Learning Tool For Entrepreneurs

Allwork

Podcasts allow professionals to easily stay up to date on the latest business trends and strategies during commutes or workouts, enabling continuous personal and professional development and innovation in a flexible and engaging format. If you’re like most entrepreneurs, time is one of your most precious commodities.

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