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2022 mini-budget summary – how will the changes impact payroll professionals?

cipHR

The announcements made in the mini-budget had a significant impact on payroll calculations, in an already unusual year. We have a further mid-year change to national insurance (NI) with impact for employers, employees, payroll suppliers and HR and payroll teams. What do these changes mean for payroll teams?

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Gear Up for the Future: Outlining the AI Impact on Employment

HR Digest

The research also found automation technology, such as robotic arms, was becoming cheaper and thereby more affordable, decreasing from $42,000 per arm in 2017 to $22,600 in 2021. As AI becomes more accessible, it also becomes more easy to adopt.

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Health Insurance FAQs: 7 Things SMB Clients Want to Know

Extensis

This cost increase is expected to continue, as Willis Towers Watson estimates that healthcare insurance prices will rise approximately 6% per employee in 2024. Through PEO partnerships, brokers can provide many plan options at large-group pricing and assistance with compliance, payroll, recruiting, and other human resources (HR) services.

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Gender pay gap reporting 2023-4: what’s required?

cipHR

So for private companies and charities the gender pay gap deadline is 5 April 2024, and public-sector organisations must report by 31 March 2024. You may also want to ask your payroll software provider for support. You must report and publish your gender pay gap information within one calendar year of your snapshot date.

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California Minimum Wage: What Small Businesses Need To Know

Homebase

In 2016, California approved a statute to increase the minimum wage yearly starting in 2017. Save time on payroll. Simplify payroll What is the California Minimum Wage? This allows you to reduce your payroll and reduce the need for extra hours. This period has now passed and the California minimum wage rate is at $15.50.

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Tax Season 2024: 7 Tips for Small Business Owners

Extensis

From updated business meal expense deductions to changing Employee Retention Tax Credit legislation, here’s what small businesses need to know during tax season 2024 and how a professional employer organization (PEO) can help simplify it all. LLCs with one member file their return with the owner’s tax return, as do sole proprietorships.

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New Jersey Minimum Wage Increases July First

Zenefits

By 2024, New Jersey’s minimum wage will be $15 per hour. Then the new law states it will increase by $1 per hour every January 1 until 2024, when it reaches $15 per hour. an hour by January 1, 2024. percent in 2017, down from 6 percent in 2016 and 10.9 The New Jersey poverty rate in 2017 was 10 percent in 2017, up from 8.6

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