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Financial Implications of Working in Later Life

Money Talk

Social Security Earnings Limit- Those who claim Social Security before full retirement age will have their benefits reduced $1 for every $2 they earn over $21,240 (2023 limit). If earnings replace prior years in a 35-year benefit formula, benefits will rise. Other benefits also continue.

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HIVE360’s employee benefits and rewards app, Engage

Employee Benefits

HIVE360 provides expert, compliant and reliable PAYE payroll support and comprehensive employment administration that reduces overheads and improves operational efficiencies for businesses, recruiters and recruitment agencies, their workforce and candidates. It champions a new model of employment administration for the UK market.

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How effective is strike action in pay and benefits disputes?

Employee Benefits

Employees often take strike action over issues such as pay , health and safety, pensions, benefits, changes to terms and conditions, and union recognition. Employers should consider employees’ financial wellbeing while on strike, because they are not entitled to pay and may face difficulties.

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The Tax Implications of Closing A Business

Kollath CPA

Schedule SE (Form 1040), Self-Employment Tax, if you have net earnings of $400 or more from your business. You’ll need to pay any final wages or compensation, making final federal tax deposits and reporting employment taxes. Take stock of any pensions, benefit plans, health savings accounts and other tax-favored health plans.

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The Pros and Cons of Standalone Overseas Employees in the Remote Work Era

Hppy

In this article, we will explore the benefits and challenges of hiring standalone overseas employees from both perspectives before unearthing ways to make it work better for all involved. Image by lookstudio on Freepik Navigating the challenges and benefits of employing remote workers abroad without a legal entity.

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