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Zoom Terminates Its President

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In February, Zoom drastically cut their workforce by 15%, laying off over a thousand employees. Last month Zoom CEO, Eric Yuan, also dropped his salary by 98% (a pay cut of $490,000) and waved his 2023 bonus. He is entitled to severance benefits as it was “termination without cause.”

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How to Start a Nonprofit Organization In 5 Simple Steps

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Donors asked if they can deduct the cost of the donated items on their tax return, and a few people suggested you make your project legal by filing for nonprofit status. Will the secretary be able to keep track of the records and filings? Each state has different rules and regulations for filing.

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The 4 Best Retirement Plans for Self-Employed Individuals to Consider

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Under the nonelective clause, even if an eligible employee doesn’t contribute to the SIMPLE IRA, the employer must still contribute a percentage based on the annual salary cap of $330,000 in 2023. Employee salary reduction contributions are not tax deductible. A salary cap of $330,000 is used to calculate contributions.

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SEP IRA: What You Need to Know About This Retirement Plan Option

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Unlike other retirement plan options, there are no filing requirements or expensive fees to maintain a SEP IRA. Employers must make the same contributions, by percentage of salary, to each eligible employee’s account, including themselves. How does a Simplified Employee Pension plan work? It has low admin costs.

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True Gender Equality Is Still 151 Years Away—Despite Recent Milestones

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Despite the pandemic—though workplaces are still notably dominated by men— the number of female employees in the workplace has “surpassed prepandemic levels” as of September 2022, according to a USA Today report , making the glass ceiling feel… destructible. However, in 2022, a lawsuit filed by the NWSL against the U.S.

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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

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While the dust from the 2023 tax filing season has long since settled, if you are a freelance worker, independent contractor , or digital nomad, now isn’t the time to forget about your taxes. According to a report published by the Pew Research Center , “Roughly three years after the COVID-19 pandemic upended U.S. While celebrating U.S.

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6 Simple Steps To Help You Write The Best Cover Letters Using AI

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A recent report published by FlexOS titled “The World’s 40 Most Popular HR AI Tools,” revealed that the top HR platforms utilizing AI are attracting a staggering 16 million monthly visitors and are collectively valued at $12.2 You can either upload your resume as a DOC, DOCX or TXT file, or you can copy and paste your resume into the prompt.