Xero

MARCH 13, 2024

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 Tax corporation tax Construction 80

ThomsonReuters

JANUARY 30, 2023

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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payroll Hawaii West Virginia Oklahoma 105

ThomsonReuters

FEBRUARY 7, 2022

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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Rhode Island South Dakota Connecticut Agriculture 92

ThomsonReuters

JUNE 22, 2021

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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payroll Virginia Utah West Virginia 72

ThomsonReuters

FEBRUARY 9, 2022

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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payroll New Jersey Florida Hawaii 110

ThomsonReuters

JUNE 21, 2021

Employers that deferred the employer and/or employee portion of Social Security tax should make careful note of the deferred tax deadlines and have a plan in place to pay these taxes. . Federal legislation in 2020 required certain employers provide paid leave to employees affected by the coronavirus (COVID-19) pandemic. The IRS has?announced

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payroll Tax Missouri Massachusetts 52

Xero

MAY 16, 2023

And a good place to start is with finalising payroll. This EOFY in Xero Payroll will be slightly different than previous years. Because of the introduction of Single Touch Payroll (STP) Phase 2 reporting. Now that you’ve made the transition, you can prepare your payroll data for STP finalisation.

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payroll general ledger Start-ups Tax 19