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ADP’s January Jobs Report Points To Labor Market Downtrend in 2024

Allwork

January’s private payroll growth underperformed economic predictions, with revised data from ADP suggesting a looming, albeit gradual, downtrend in the labor market. CNBC reports that in January 2024 , U.S. companies added 107,000 jobs, which is a decrease from December’s 158,000 jobs. and globally.” and globally.”

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Constructive receipt and on-demand pay, a murky payroll intersection

BMT Office Administration

Included for the second time in the administration’s budget are new payroll tax rules governing on-demand pay. This provision becomes effective for plan years beginning in 2024. The post Constructive receipt and on-demand pay, a murky payroll intersection appeared first on Business Management Daily. SECURE 2.0,

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

BMT Office Administration

This is good news for Payroll, which can postpone tracking employees’ salaries and reworking the payroll software ; Benefits, which is probably in the process of making conforming amendments to the 401(k) plan; and employees, who can continue to make catch-up contributions on a pretax basis.

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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

Human Resources Information Benefits and Compensation: Detailed information on employee benefits, compensation structure, and payroll schedule. EXPLORE THE RESOURCES © 2024 Julie Perrine International, LLC HOW TO USE THIS ARTICLE IN YOUR NEWSLETTER OR WEBSITE Want to use this article in your newsletter, ezine or website?

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Final regs drop mandatory e-filing threshold to 10 or more information returns

BMT Office Administration

The regs will be published in tomorrow’s Federal Register and apply to information returns you’re required to file beginning in 2024. Example: In 2024, Sparky files 12 Forms 1099-NEC on paper, but it should have e-filed all of those returns. The IRS has finally released these regs, and they contain a couple of surprises.

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Make Procedures Development a Habit, Not a Project

All Things Admin

Or you may have set days of the week where you do certain reports or perform routine tasks like expense reporting or payroll. EXPLORE THE RESOURCES © 2024 Julie Perrine International, LLC HOW TO USE THIS ARTICLE IN YOUR NEWSLETTER OR WEBSITE Want to use this article in your newsletter, ezine or website?

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