Allwork
MAY 12, 2024
Employers offering a range of financial support options — such as retirement planning workshops, debt management counseling, and savings incentive programs — can lead to a more stable, productive, and health-conscious workforce. businesses approximately $40 billion in lost productivity in 2022 alone. Here are some options: 1.Retirement
Success
MARCH 13, 2023
For 2022, freelancers will pay 15.3% Save for retirement When trying to get a business off the ground or earn enough to cover your monthly bills, saving for retirement might seem like a luxury you can’t afford. in FICA taxes , which contribute to Social Security and Medicare. Every dollar counts. Every dollar counts.
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Success
SEPTEMBER 3, 2022
As of August 2022, the economy has already seen two months of negative GDP growth, but the National Bureau of Economic Research (NBER) hasn’t officially declared one yet. brokerage accounts, selling a second car or hobby equipment, potentially downsizing, etc.)? checking accounts, your emergency fund, or other savings accounts)?
Allwork
MAY 13, 2022
According to a survey from March 2022, almost 50% of workplace leaders already require or will require employees to return to full-time in-person work within the year. However, after forming new habits and routines, people began to embrace the flexibility that working from home can offer.
Success
JULY 25, 2022
By understanding the ins and outs of our own finances, we can better equip ourselves with the tools and strategies needed to reach our money goals. Debt is a normal part of most people’s personal finances—according to the Consumer Credit report released by the Federal Reserve, in February 2022 Americans had $4,481 in debt on average.
BMT Office Administration
NOVEMBER 16, 2022
Does the business provide all necessary tools or equipment or does the worker provide their own tools? Wages of up to $147,0000 are subject to social security taxes for tax year 2022. Businesses also don’t need to provide benefits like health insurance, retirement plans, or workers’ compensation to 1099 staff.
BMT Office Administration
MAY 9, 2024
Important Changes to Know About The Consolidated Appropriations Act of 2023 was signed into law in December 2022, and it’s collectively referred to as SECURE 2.0 – an update to the SECURE Act from 2019. encourages employers to provide retirement plans by offering tax incentives and credits. How does it do that?
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