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Expert Warns of Federal Meltdown Over New Administration’s Return-to-Office Plan

Allwork

Spearheaded by entrepreneur and former presidential candidate Vivek Ramaswamy, who has been tapped to lead the newly proposed Department of Government Efficiency (DOGE), the plan seeks to reduce the federal workforce through a strategy designed to prompt mass resignations. The federal workforce of 2.2 million employees oversees a $6.1

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2 Million U.S. Federal Workers Offered 8 Months Of Pay To Quit

Allwork

The “deferred resignation program” would allow federal employees to remain on the payroll through Sept. ” Democratic Senator Tim Kaine on Tuesday called the proposal a “fake offer”, saying Trump did not have authority to offer it and employees may not get the promised payouts. government.

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Why New Tax Rules Could Be a Game Changer for Your Business

Entrepreneur.com

There are also proposed exemptions for tips and overtime pay , which could change how you approach payroll and compensation. The current $10,000 cap would jump to $40,000 in 2025 for households earning under $500,000 and gradually increase through 2033. Above that threshold, the deduction phases out entirely.

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Solid Job Growth Masks Loss Of U.S. Labor Market Momentum

Allwork

job growth was unexpectedly solid in June, but nearly half of the increase in nonfarm payrolls came from the government sector, with private industry gains the smallest in eight months as businesses battled rising economic headwinds. Despite the bigger-than-expected rise in payrolls, job growth is slowing and concentrated in a few industries.

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4 Monumental Ways Banning Noncompete Clauses Will Transform The Future Of Work

Allwork

The Federal Trade Commission (FTC) has announced a proposal that would ban noncompete clauses, which are contracts that can prohibit employees at a company from job jumping within their career field, trading company insights, and more. . Coca-Cola’s secret formula might be at risk.

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What’s the deal with on-demand pay?

BMT Office Administration

There were at least 11 on-demand pay vendors at the American Payroll Association’s Annual Congress last month, not including the national third-party payroll providers. Nothing wrong with vendors highlighting their products at a convention of Payroll professionals. What is the additional burden on the Payroll department?

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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. Proposed regulations covering white-collar employees were included in the Department of Labor’s spring 2022 semiannual regulatory agenda. We wish we had a crystal ball, but we don’t. Final e-filing regs.