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Companies Are Using This Sneaky Strategy To Avoid Paying Overtime

Allwork

Open-ended exemption tests for employees dictate that individuals working for salaries hardly above the national poverty line can be exempt from overtime payments so long as their employer can create responsibilities that sound administrative. The second test is the salary test, which states that an employee must meet a salary threshold.

Salary 257
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The Million Dollar-Mistake Businesses In California Cannot Afford To Make: Compliance Deadline Approaching!

Allwork

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).

Salary 261
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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

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. ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations.

Legal 261
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Do Women Need to Save More When Planning for Retirement?

Success

That means most women must plan to make their savings last up to a decade longer than their male partners. How can women catch up with retirement planning? Negotiate for a higher salary. It means they are legally and ethically required to put your interests ahead of their own. On average, women in the U.S.

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The Biggest Financial Mistakes to Avoid in Your 20s

Success

A turbulent housing market: 2023 was the most expensive home-buying year in a decade. Knowing their numbers is particularly important for freelancers, gig workers and/or people with side hustles —types of work that members of Gen Z are increasingly picking up. If you ignore the data, you can get caught in lifestyle creep,” he says.

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The Biggest Financial Mistakes to Avoid in Your 20s

Success

A turbulent housing market: 2023 was the most expensive home-buying year in a decade. Knowing their numbers is particularly important for freelancers, gig workers and/or people with side hustles —types of work that members of Gen Z are increasingly picking up. If you ignore the data, you can get caught in lifestyle creep,” he says.

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Is the Flexible Working Bill a game changer or paper tiger?

Workplace Insight

A 2023 study across North America, Europe, Asia-Pacific, and Latin America revealed compelling results: 69% of employers observed increased retention after adopting remote work, with 57% stating it’s easier to hire and retain talent. Fortunately, businesses don’t need to wait for laws to catch up.

Salary 111