Remove Filing Remove Management Remove Retirement Remove Salary
article thumbnail

What is a SIMPLE IRA? Everything You Need to Know

Success

Most people are familiar with retirement savings plans, like a 401(k) or a Roth IRA. It’s an easy-to-manage retirement account that lets you make tax-deferred contributions. Keep reading to learn more about this retirement plan and how it stacks up against other options. A SIMPLE IRA is just one of these plans.

article thumbnail

Lawsuits, Lost Expertise And Bad Morale: The Steep Risks Of Ignoring Older Employees

Allwork

Age discrimination occurs when a manager or boss treats an applicant or employee less favorably due to their age, which applies to younger people with less experience as well as older people who are close to retirement age. More than 80% of hiring managers say that they are concerned about taking on employees 60+, or younger than 25.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why You Should Start Your Own Business Today

Success

Since joining the company eight years earlier, he had worked his way up to a solid position in middle management with a decent salary and great benefits. According to the Census Bureau , over 420,000 business applications were filed in May 2022 alone. John was 53 when the bad news hit: His department was being moved offshore.

article thumbnail

4 Retirement Plans Small Business Owners Should Consider

Success

There are only so many hours in a day, so longer-term decisions, like planning for retirement, can get pushed aside in the face of more on-the-spot issues. In fact, finding and researching the best retirement plans for small businesses can take time and effort you may not have right now.

article thumbnail

IRS update: digital communication and payroll

BMT Office Administration

Mamo reviewed some initiatives, including IRIS , the IRS’ new simplified platform for filing 1099s. Information return filers filed about 300,000 to 400,000 1099s through IRIS this past winter. In July the IRS will roll out a bulk filing feature for IRIS. He also confirmed FIRE’s eventual retirement, in favor of IRIS.

Payroll 52
article thumbnail

Why an effective onboarding process is more important than you think

Page Personnel

The most innovative companies understand that building an effective onboarding programme is both an iterative and ongoing process, and extending this process beyond the first month further cements that strong employee experience — from hire to retire. Visit Michael Page’s management advice centre for more insights today.

2023 52
article thumbnail

Stay on track with this payroll compliance checklist

BMT Office Administration

To help, we’ve created this payroll compliance checklist to help guide you through the steps that you need to complete at each stage of the payroll management process. These are typically salaried employees, but employers must verify that each job role passes specific tests before the employee filling it may be classified as hourly.

Payroll 52