New York Compensation Insurance Rating Board R.C. bulletin #2601 ("Construction Industry Payroll Limitation as of July 1, 2024") is now available on our website: https://lnkd.in/emjbBBnj
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Have you ever felt like you were just guessing at how much you should be paying for worker’s compensation insurance? Once we have access to your payroll information, we may be able to help you get a better understanding of what your premiums should be.
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Today is Autumn Statement Day, and we have some breaking news regarding National Insurance! Jeremy Hunt has officially confirmed a reduction in the main employee National Insurance rate by 2%, decreasing it from 12% to 10%. What makes this announcement even more significant is that the change will be implemented through "urgent legislation" starting from January 6, 2024, instead of waiting until the new tax year as usual. Jeremy Hunt claims that this change will have a positive impact on 27 million employees in the UK, with an estimated annual saving of over £450 for individuals with an average salary of £35k. The question remains: is this change too little, too late? Stay tuned for our comprehensive round-up of the Autumn Statement coming soon! #autumnstatement #jeremyhunt #autumnstatement2023 #nationalinsurance #selfemployed
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By the help of payroll deductions, employers can easily get health insurance facility. Visit us at www.shfinsol.com #Payroll #Tax #TrademarkRegistration #Taxes #SalesTaxReturn #ReducedTaxes #AccountingServices #AdvisoryFirm #FinancialServices #SHFS #SalmanHadiandCo #FinancialSolutions
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https://lnkd.in/gukFyUr4 Companies do not bear financial responsibility if employees get hurt or die at work because of workmen’s compensation. Let’s explore the key features of workman compensation policy that make the policy stand out in the coverage it offers – #insurance #workerscompensation
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Employee Class 1 National Insurance cut by 2% as of 6th January 2024. Did you catch the latest update? The Chancellor’s recent Autumn Statement revealed a notable reduction in Employee Class 1 National Insurance rates, dropping from 12% to 10%. The reduction in National Insurance costs, now standing at 10% for employees earning between £12,570 and £50,268 annually, is set to benefit your workforce significantly. Find out more: https://lnkd.in/eMYaA9dG #taxcut #nationalinsurance #autumnstatement
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Worker's Compensation is a highly significant cost for staffing companies. Competitive pricing on worker's compensation assists staffing companies in their growth. Here's a concise guide on why staffing companies should possess worker's compensation within the Voluntary Market. #staffing #staffinginsurance #insurance #workerscompensation #staffingsolutions #staffingindustry #staffingworkerscompensation
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Question About Pre-Tax COBRA Premiums. An active employee was reduced to a part-time schedule and has elected COBRA coverage. Can we deduct COBRA premiums on a pre-tax basis now that they’re part time? Full answer here: https://hubs.li/Q02686Hj0 #COBRA #Insurance #employeebenefits
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Imagine more accurate premium payments and favorable audits for your business. That's what pay-as-you-go worker's compensation insurance offers. It automates payments, reduces guesswork in estimating insurance costs, and allows you to pay premiums based on reported pay periods rather than in one lump sum—partner with us for seamless reporting and payment. Contact us, and we'll be in touch. (804) 677-9516 www.rbisvcs.com #rbiservices #itallbeginswiththerelationship #autoinsurance #homeinsurance #businessinsurance #taxes #bookkeeping #payroll #accounting #taxreturn #humanresources #insurance #lifeinsurance #longtermcareinsurance #healthinsurance #relationshipbusinessandinsuranceservices #payasyougoworkerscomp
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National Insurance could be axed all together ❌ The main National Insurance (NI) rate will be slashed to 8% for employees and 6% for the self-employed following the Spring Budget. Commenting on what this latest reduction means for the future of employee NI ahead of the general election is our Director of Public Policy, Tom Selby: “Chancellor Jeremy Hunt’s big Budget announcement of a further 2p cut in employee National Insurance could be just the beginning, with the Conservatives reportedly eyeing plans to abolish the tax altogether if they win the general election. Given yesterday’s 2p cut amounts to the best part of £10 billion a year, this would clearly come at a colossal cost to the public purse.” Find the full article in IFA Magazine: https://lnkd.in/edNJb_N9
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📢 Significant changes to National Insurance contributions (NIC) From the 6th of January 2024, there will be a cut in the main rate of Employee National Insurance. Things to know: 📌 Class 1 NICs will reduce by 2%, from 12% to 10% 📌 This change is set to benefit 27 million employees 📌 The reduction applies to earnings between £12,570 and £50,270 📌 The maximum saving is £754 a year 📌 Employees will see a benefit before the next tax year For instance, average earners who bring home £35,400 a year will be £450 better off. To see further examples of savings this change creates please look at our slides below. What do you think about this change? 🤔 #autumnstatement2023 #nic #employee #chancellor #accounting #accountants #nationalinsurance #taxbenefits #savetax #salaryinsights
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Love this. #LeahyCoValueEveryDay