The Internal Revenue Service announced an increase in the 401k and IRA contribution limits for 2024. Now you can save even more for your retirement and secure a brighter tomorrow.
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Under this new proposal, any non-exempt employee who is on a salary and does not have supervisory responsibilities can earn up to $55,000 per year. If their salary falls below this threshold and they work more than 40 hours in a week, you would be obligated to pay them overtime, which is calculated at 1.5x their hourly rate.
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The IRS recently stopped processing Employee Retention Tax Credit (ERTC) claims. The ERTC was introduced during COVID as a pandemic-related tax credit that offered money to help employers that retained their employees during the pandemic.
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Younger workers, burdened by student debt, often neglect retirement contributions. With the new law, employers can make contributions on behalf of these employees, matching the amount of their annual student loan repayments.
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HR trends are not mere buzzwords; they are the guiding principles that shape modern HR practices. They enable organizations to adapt to changing workforce dynamics, ensure compliance with regulations, enhance operational efficiency, and build a workplace culture that attracts and retains talented individuals. Keep up with anticipated HR trends for 2024.
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Business owners should plan for their future and their businesses success because it ensures the smooth transition of leadership, safeguards the continuity of the business, and minimizes disruptions for employees and stakeholders.
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Independence knows that COVID-19 vaccines are important tools that help reduce the risk of disease, hospitalization, and death, and for that reason, they cover COVID-19 vaccines and boosters at no cost from in-network providers or pharmacies.
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In today's interconnected world, our reliance on technology has opened a new realm of threats - cyber threats. The rapid advancement of digitalization has provided immense opportunities, but it has also attracted malicious actors looking to exploit vulnerabilities for personal gain.
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