Remove Expenses Remove Health Remove Payroll Remove Salary
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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. General consensus: Proposed regs, if they ever are released, will raise the minimum salary employees must earn to remain exempt from overtime under the Fair Labor Standards Act. Final e-filing regs.

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Counting the costs: What government funding for scientific research will cover?

The Small Business Blog

Staff: You can claim back some of the cost of salaries, national insurance contributions, pension contributions and expenses for people who are employed to work directly on the research project. It can also include the proportion of supervisors’ and managers’ time spent overseeing work on the project.

Agencies 120
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Are your employee pay profiles correct? It’s time to check

BMT Office Administration

But what you pay and what you deduct from an employee’s salary depends on their profile—their basic demographic information, their W-4s, their Social Security numbers, their work state, and their home state. But doing this would have left him with a negative deduction for health insurance.

Salary 52
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Income taxes explained in 7 simple concepts

BMT Office Administration

It includes wages, salaries and tips; interest and dividends; capital gains; and pensions and annuities. Examples: employer contributions for health insurance and to retirement benefits. Examples : the credit for child and dependent care expenses. It’s all taxable income recognized by the Internal Revenue Code.

Filing 52
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Evaluating Benefits 101 – Comparing Premium Costs is Just Not Enough

Small Business CEO

These cost-cutting efforts will affect every department in a company, especially HR, as most companies spend the largest part of their revenue on salaries and wages. Not only will salaries and wages be tightly controlled but the depth and range of benefits packages will also be reconsidered every year. The Result.

Salary 40