Social Security beneficiaries will see an increase in their monthly checks in 2025—2.5%. This cost-of-living adjustment, or COLA, will produce an estimated average monthly benefit of $1,976 for all retired workers in 2025, $49 a month more than in 2024. The COLA...
taxes
Understanding Fringe Benefits
Fringe benefits may be available to everyone in the company or may be used as incentives for meeting certain goals. They may be paid or given in the form of an achievement award. They are always considered compensation for services beyond employees’ normal rates of...
What’s the Safe Harbor Deadline to Maximize Employer Retirement Benefits for 401(k) Plan?
The clock is ticking for small businesses considering a Safe Harbor 401(k) plan. But there’s still time to start in 2024. If you’re considering enhancing your company’s retirement benefits, a Safe Harbor 401(k) plan is an excellent option. These plans offer a range of...