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Get set up for the new tax year with Xero Payroll

Xero

The end of the financial year is around the corner, so it’s time to review the latest changes and start getting ready to complete your payroll year end. Here are some key updates you need to know about, as well as our tips for a smooth transition into the 2025 financial year. Here’s an overview of these changes. Aged 18 to 20 £8.60

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Payroll trends to watch in 2022 (Part 1)

ThomsonReuters

Part 1 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including worker classification, COVID-19 vaccine mandates, and wage and hour. Read part 2 for more 2022 payroll trends. When the driver pulled up, I threw my carry-on bag in the trunk and hopped in the back seat.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. Minimum wage increases. 13 states are looking to increase their current minimum wage rates.

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Last Week in Payroll: Payroll in a Pandemic

ThomsonReuters

The first recorded use of the word “payroll” appeared around 1740 A.D. to describe the total amount of money paid to a business’s employees over a period of time. Over time, payroll has become much more than just paying wages to employees. Payroll in a Pandemic. Department of Labor, among other agencies.

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Projections of payroll issues under a Biden presidency

ThomsonReuters

Biden also supports strong laws and aggressive prosecution of employers who violate labor laws, including those who intentionally misclassify employees as independent contractors. Biden supports the use of a strong three-prong “ABC test” to distinguish employees from independent contractors. Worker Classification.

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2022 Minimum Wage and Overtime Salary Threshold Increases

ThomsonReuters

per hour for tipped workers. . per hour for tipped workers. . per hour (26 or more employees) . per hour (fewer than 26 employees) . The state does not permit the use of a tip credit. . The state does not permit the use of a tip credit. . Employers with 50 or more employees: $15.50

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Heads Up! Payroll Changes Coming in July

ThomsonReuters

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Fremont For small employers (25 or fewer employees), the minimum wage rate increases to $15.00 per hour for large employers (26 or more employees). .

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