article thumbnail

2025 HR Compliance Checklist: What U.S. HR Leaders Must Do Today

Allwork

This rule would have raised salary thresholds for the Fair Labor Standards Acts (FLSA) executive, administrative, and professional (EAP) exemptions, as well as the highly compensated employee (HCE) exemption. However, with the court ruling, the salary thresholds revert to those set by the 2019 Overtime Rule.

2025 278
article thumbnail

Expert Advice For Successful Salary Negotiation: Simple Strategies To Get The Pay You Deserve

Allwork

Salary negotiation is an essential skill that can lead to better compensation and job satisfaction, but it requires market research, self-assessment, and a strategic approach to discussion. workers who tried to negotiate their starting salaries got what they were asking for. Before entering salary negotiation, preparation is paramount.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

Allwork

The varying tax deductions and credits in different locales that pertain to self-employment can be leveraged to reduce tax liability but require thorough documentation and understanding. Tax Forms for Freelancers The primary tax document for freelancers is the Schedule C form, which reports income or loss from a business.

article thumbnail

4 Retirement Plans Small Business Owners Should Consider

Success

Employers must contribute equally : To contribute to a SEP IRA, business owners must contribute the same percentage of salary for each employee. By contributing before-tax dollars to a 401(k) through salary deferrals, an employee’s taxable income is reduced for the year in which the contribution is made.

article thumbnail

How to Pick a Business Partner

Success

For some, success is a steady and manageable small business that pays reliable salaries. One final thought: Despite the lack of money and the need for speed upfront, you should absolutely work with an experienced lawyer who can help you prepare a partnership agreement or comparable documents between you at the outset of the relationship.

Stress 312
article thumbnail

The Budget Roller Coaster

Success

Freelancers can then draw upon these savings to create stable monthly or weekly “salaries” and/or to cover expenses during lean times. And “if you didn’t document it, it didn’t happen,” Dettloff says. Then, he advises developing a plan to divert extra cash into savings during monetarily robust times. Software can help with that.

Budget 246
article thumbnail

Why Muting Your Work Notifications Could Be The Healthiest Thing You Do This Year

Allwork

The link between notifications and wellbeing is well-documented: too many digital tools and platforms can be a significant source of distraction and stress for employees. These proposals are supported by employees and mental health advocates but opposed by some business lobbies due to concerns over flexibility and productivity.

Legal 299