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Surge in Remote Work Fuels Cross-Metro Employment Boom

Allwork

The distance between employees and their supervisors has grown steadily since 2020, literally. ADP payroll data shows that since the onset of the COVID-19 pandemic, the share of “cross-metro” remote workers employed at large firms in the U.S. decline in wage growth relative to their teammates who decided not to relocate.

Payroll 249
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IRS releases new FAQs on Form W-2c

BMT Office Administration

The IRS has released a new round of FAQs in two fact sheets, both of which clarify the circumstances under which you must provide employees with Forms W-2c if you took the payroll credits for providing them with pandemic-related paid sick or family leave during 2020 and/or 2021. Fact sheet 2022-15. 30, 2021.

Forms 52
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IRS fact sheet causes confusion around Form 941

BMT Office Administration

We admit we were thrown for a loop after reading the IRS’ latest fact sheets on reporting pandemic-related paid leave to employees on Form W-2c. This FAQ referenced paid leave taken under the American Rescue Plan, but the IRS came to the same conclusion for paid leave taken in 2020 or 2021. What Form 941 says.

Forms 52
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MBO Partners 10 Future of Work Predictions for 2021

Small Business Labs

With teaming on the rise (20% did so in 2020), we think that it’s only a matter of time before virtual reality is surpassed by virtual corporations. Virtual corporations and related new forms of organizational structures have long been forecast to replace traditional corporate structures.  

2021 199
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4 Monumental Ways Banning Noncompete Clauses Will Transform The Future Of Work

Allwork

The fight to keep and attract top candidates would also lead to higher salaries, and thus increased payroll costs. . But leaders can suppress the threat of employee turnover by giving workers what they desire from their jobs, typically in the form of better wages and benefits such as health insurance and paid time off. .

Policies 331
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Celebrating New Talent: Emerging Entrepreneurs Shines a Light on Up-and-Coming Entrepreneurs

Success

I was living two identities,” Kadakia told SUCCESS in 2020. “I In 2020, SUCCESS sat down with Mark Cuban , self-made billionaire entrepreneur, investor, Shark and owner of the Dallas Mavericks, and asked him what kind of advice he would give to someone considering starting a business. That feeling of how are you going to make payroll?

UPS 231
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?

Payroll 52