Facing redundancy can be a daunting experience, but understanding the tax implications can significantly ease the financial burden. This article highlights a real-life example where early involvement of the Staff Association led to a more favorable financial outcome for an employee. Discover key insights and practical steps to navigate redundancy effectively.
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Redundancy Payments Our latest blog dives deep into the crucial aspects of redundancy payments and their tax implications. 📊 With an in-depth look at genuine redundancy criteria, tax-free thresholds, and strategic financial planning, this comprehensive guide is a must-read for employers and employees alike. Equip yourself with the knowledge to make informed decisions and optimise financial outcomes in the face of redundancy. 🌟 Read, learn, and lead with confidence. https://bit.ly/3UWMbFu #EmploymentLaw #TaxObligations #FinancialPlanning
Redundancy Payment and Tax: Essential Guidelines
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Do you like the idea of your employees becoming more invested in your business? Thinking along the lines of the John Lewis Partnership? An EOT could be a great solution. The 2024 Budget brought clarity to the Employee Ownership Trust provisions, addressing potential misuse while supporting businesses that have genuine intentions. David Jones our Tax Director looks at the key changes which include a ban on offshore trustees, mandatory market valuations and a focus on long-term employee ownership. Read how it could affect your plans for an EOT. https://lnkd.in/eTSAjCbU
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Becoming an S-Corp is a conversation you need to have with your Accountant. - As a Business Owner: partnering with me will get you connected with the right accounting advisor for your business needs. 🤝 - As an Accounting Partner: I can help your S-Corp clients to stay in compliance and to take advantage of tax savings with easy, simple, and reliable payroll services. 🤝
S Corp Reasonable Compensation Explained
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Millions of workers who earn $63,398 or less will qualify for the Earned Income Tax Credit (EITC) for the first time this year. Most frontline employees are under high financial stress, and knowing whether (and how) they can claim these and other valuable tax credits can provide much-needed financial relief. As the only model built to improve frontline employees’ financial health, Brightside Financial Assistants support all money needs, including helping employees understand tax credit eligibility, options if they owe tax money, and how to make the most of a tax refund. Learn ways to help employees during tax season: https://lnkd.in/esMnneGQ #FinancialCare #FinancialWellness #FinancialHealth #EmployeeBenefits #HR #Benefits #frontline #frontlineworkers *Brightside is not a registered investment advisor and a Financial Assistant cannot provide investment or tax advice to clients.
6 Ways to Help Your Employees During Tax Season
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Ever wondered what an income statement really tells you? 🤔 It’s more than just numbers—it’s a roadmap to understanding a company’s financial health. In our latest blog, we break down the key components of an income statement and explain how to read it like a pro. Whether you’re managing finances or just looking to boost your business acumen, this is your go-to guide. 💡 👉 Check out the full article here: https://lnkd.in/gshnR5je #FinancialTips #IncomeStatement #BusinessInsights #RecruitFirstIndonesia
Unlocking the Power of Income Statements: Why This Document is Crucial in the Recruitment Process
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💡 Missed our IG Live? No worries—we’ve got you covered! 📌 Watch the full session here: https://lnkd.in/dpKGmCKE In this session, we break down the key differences between employees vs. contractors and the important tax implications of each. Whether you're hiring or being hired, it's essential to understand how these roles affect your finances! 💼💸 Tag a colleague who could use this info, and save this post for later! #TaxTips #EmployeesVsContractors #TaxImplications #FinancialSuccess #CPASupport #SmallBusinessTips
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💡 Missed our IG Live? No worries—we’ve got you covered! 📌 Watch the full session here: https://lnkd.in/dkJG2has In this session, we break down the key differences between employees vs. contractors and the important tax implications of each. Whether you're hiring or being hired, it's essential to understand how these roles affect your finances! 💼💸 Tag a colleague who could use this info, and save this post for later! #TaxTips #EmployeesVsContractors #TaxImplications #FinancialSuccess #CPASupport #SmallBusinessTips
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As a calendar-year taxpayer, it's essential to include these items on your year-end checklist as we approach the new year. Transition smoothly with these key considerations. #FinanceFriday #taxstrategy #taxplanning
5 items employees should have on their end-of-the-year checklist
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Discover the differences between Employee Share Trusts (EST) and Peak Performance Trusts (PPT) in Australia. From tax insights to strategic benefits, learn the secrets behind these innovative ownership mechanisms. Check out our comprehensive guide: https://hubs.la/Q02vhwnQ0
Decoding Employee Ownership Mechanisms in Australia
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Considering Non-Qualified Deferred Compensation (NQDC) plans for your business? Learn about the potential tax savings and employee retention benefits these plans offer in our latest blog post. https://bit.ly/3xhdKzW
Recruit and Retain Top Talent
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