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You’re Not Alone: 54.7% Of U.S. Salaries Haven’t Kept Up With Inflation

Allwork

salaries haven’t kept up with inflation. This isn’t shocking; historically, salaries do not keep up with inflation. . more likely than women to have their salary matched to the CPI. . “ Has your salary or hourly wage kept up with inflation?” A new survey has found that 54.7%

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Commuting costs continue to put strain on office worker finances

Workplace Insight

UK employees are suffering higher cost-of-living expenses, especially due to transportation costs and tensions may rise as many companies enforce return-to-office policies. According to the poll, most hybrid and remote employees highlighted travel costs as the highest overall expenditure they have when attending the workplace.

Finance 59
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It now costs more to commute by train than by car in the UK

Workplace Insight

percent from the beginning of March, Good Travel Management has look into the cost of commuting into the UK’s major cities to find out how much it’s really costing people to get to work. According to the report, on average, it costs Brits £421.42 London workers also pay the most for petrol, costing on average £4.08

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Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

Allwork

Another layer of complexity arises from the way their income is earned and reported. Self-employed workers often need to use reliable accounting software or seek assistance from tax professionals with experience in transnational tax matters to keep track of their earnings and report them correctly.

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Unveiling the Hidden Potentials of Remote Work Productivity

Allwork

Companies offering remote work options can also save on cost-of-living expenses by hiring talent in more affordable regions, both domestically and internationally. A large financial services company reported that telecommuting led to heightened focus and concentration among employees. By spring 2022, this figure rose to 9%.

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

Success

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. Employers can deduct contributions as a business expense. Employee salary reduction contributions are not tax deductible.

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

Allwork

Firstly, it is the simplest and least expensive form of business to set up and maintain. Sole proprietors report their business income and expenses on their personal tax returns, simplifying the tax filing process, and there are fewer ongoing compliance obligations compared to other business structures.

Legal 264