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Why Entrepreneurs Can't Rely on Traditional Retirement Plans (And What to Do Instead)

Entrepreneur.com

Entrepreneur® and its related marks are registered trademarks of Entrepreneur Media LLC Home Home Breadcrumb Arrow Money & Finance Why Entrepreneurs Can't Rely on Traditional Retirement Plans (And What to Do Instead) As you build your business, you probably don't think about retirement. million private sector workers.

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U.S. Labor Market Cracks Widen As Job Growth Stalls

Allwork

employment growth was weaker than expected in July while the nonfarm payrolls count for the prior two months was revised down by a massive 258,000 jobs, suggesting a sharp deterioration in labor market conditions that puts a September interest rate cut by the Federal Reserve back on the table. last month as household employment declined.

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Economists Issue Stark Warning: Trump’s Deportation Agenda Could Cost U.S. Economy $94 Billion A Year, Gutting American Workforce

Allwork

born workforce is shrinking as many age out and retire. could experience stagflationary environments, stagflation could be tempered in areas with large immigrant populations as their spending power wanes and demand for industries like housing construction decreases, Edelberg said. nominal GDP by $8.9 trillion between 2024 to 2034.

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Want To Be a Freelancer? Here’s How to Get Started

Success

In what industries do freelancers work? Regardless of the industry or specific talents, freelancers must possess some core skills to thrive. Network with other freelancers, prospective clients and relevant industry professionals to spread the word that you’re in business. Freelancers act as their own boss.

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Want to Reach Your Potential? Be a Learner

Success

The same is increasingly true in many fields, whether you’re freelance or on the payroll. Plus, if your industry hits the skids, you’d better have some options. You never know when an industry will disappear beneath your feet, or an employer will, or there’s going to be a better opportunity out there,” Weston says.

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IRS update: digital communication and payroll

BMT Office Administration

He also confirmed FIRE’s eventual retirement, in favor of IRIS. It’s more challenging with business and payroll returns, because of the power of attorney; the IRS is beginning a POA initiative, he added. Zoom in for the payroll picture The IRS calls withholding voluntary, although your employees may beg to differ.

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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

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 From the implementation of SECURE 2.0