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The Million Dollar-Mistake Businesses In California Cannot Afford To Make: Compliance Deadline Approaching!

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For California employers, this bill creates a long to-do list: calculate the mean and median hourly salary rates, meet the new deadline for filing pay data reports, learn the new separate requirement for labor contractors, and understand noncompliance penalties. Calculate the mean and median hourly salary rates 2).

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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. There are no catch-up contributions for those age 50 and older with a SEP IRA. traditional IRA) contributions to a SEP account up to the maximum limit the IRS allows. How does a Simplified Employee Pension plan work?

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

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Under a SIMPLE IRA, the employer must make contributions each year, either a matching contribution of up to 3% of an employee’s compensation or a 2% contribution that is nonelective for each employee. Employee salary reduction contributions are not tax deductible. Pros: A SIMPLE IRA is easy to set up and use.

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

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Recent notable achievements by and for women As we embark on Women’s History Month 2023, it’s easy to feel inspired by how far women have come , getting us a little bit closer to gender equality. However, in 2022, a lawsuit filed by the NWSL against the U.S. As of 2022, the U.S.

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4 important payroll issues to keep an eye on in 2023

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Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. Final e-filing regs. The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s. Two sets of wage-and-hour regulations.

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What is a SIMPLE IRA? Everything You Need to Know

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Keep reading to learn more about this retirement plan and how it stacks up against other options. SIMPLE IRAs are relatively straightforward to set up and maintain. What is the SIMPLE IRA contribution limit for 2023? In 2023, the SIMPLE IRA employee contribution limit is $15,500. What is a SIMPLE IRA?

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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. Firstly, it is the simplest and least expensive form of business to set up and maintain. While celebrating U.S.

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