Payroll

The figures wrap up a year in which the economy showed surprising stamina, defying expectations by many Wall Street economists that the country was poised to slip into a recession.

Attraction and retention strategies are the top driver for making changes to paid leave, time off or disability programs, cited by almost three-quarters (73%) of employers that have made or plan to make changes to their leave programs.

Tax professionals have the opportunity to help reduce their business clients’ taxes by recognizing the opportunity for a retirement plan.

When asked how a sudden loss in income or employment would impact their finances, nearly two-thirds (66%) are worried they would not be able to cover their immediate living expenses over the next month.

That may not sound like a significant percentage. But could you afford to lose more than one-quarter of the best players on your team, especially during tax season?

The numbers highlight a disconnect between historically strong public support for unions and their ability to attract new members.

Patriot collects this data through its payroll services. There are 56,000 small and medium-sized companies and 215,100 W-2 and 1099 workers included in this dataset.

On August 25, 2023, Treasury and the IRS issued Notice 2023-62 related to the changes to catch-up contributions made by SECURE 2.0.