A well-structured 401(k) retirement plan is a powerful tool for both employees and employers. Employees gain the advantage of tax-deferred savings and employer-matching contributions, while businesses benefit from tax deductions and improved employee retention. Employers can encourage participation by offering contribution matching, automatic enrollment, and educational resources on retirement planning.
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Employee benefits are more than just perks; they play a crucial role in attracting and retaining top talent. Businesses that offer comprehensive benefits packages, including health insurance, dental and vision coverage, and retirement plans, often experience higher employee satisfaction and reduced turnover rates. Providing benefits fosters a positive work environment,
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Operating a childcare facility comes with significant responsibilities, including ensuring the safety and well-being of children and staff. Accidents, property damage, and liability claims can put your business at financial risk, making proper insurance coverage essential. Without adequate protection, a single incident could jeopardize your facility’s future. Essential insurance policies
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To avoid having their return delayed for weeks or even months, there are a couple of things taxpayers can do to ensure a speedy return. File as soon as possible, file electronically, and ensure your documents are completely free of any inconsistencies. While the IRS has stated that most 2021
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There’s no such thing as a free lunch, and nowhere is this truer than at the IRS. Earlier in the year, I wrote an article about understanding the increases to the child tax credit as part of the American Rescue Plan. It appears that for some Americans and New Jerseyans,
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There has been confusion surrounding the Biden administration’s vaccine mandate since the President first announced it in early September of this year. We discussed this in a blog post immediately after it was announced. Sadly, but not surprisingly, the information we provided in September might as well be ancient history,
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With President Biden’s Signing of the Infrastructure Investment and Jobs Act (IIJA) on Nov. 15, employers’ ability to claim employee retention credits (ERC) for eligible wages paid after Sept. 30, 2021, has been retroactively eliminated. In the simplest terms, this means that employers will no longer be able to claim
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Over the last 18 months, there’s been a ton of discussion surrounding unemployment. This discussion has come from all sides, from the benefits provided to those out of work, the resulting New Jersey labor shortage, and the eventual end to extra UI benefits that occurred in August. For the most
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