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Employment Laws in Hong Kong

Global People Strategist

4. Pay and Social Security On May 1, 2019, Hong Kong’s minimum wage rate rose to HKD 37.50 (approximately USD 4.78) per hour. Payment of taxes in the area remains the responsibility of those earning wages and salaries and employers do not have any legal obligation to withhold tax through payroll systems.

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If You’re Paid Biweekly, You’ll Probably Get an Extra Paycheck in 2020

HR Digest

Or will the amount of each paycheck in 2020 be lower than in 2019? For example, if you make $50,000 a year, your biweekly gross pay over 26 pay periods is $1,923.07, minus any deductions like health insurance, 401(k) contributions and taxes. Similarly, federal income tax withholdings might differ on your paycheck as well.

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How to Manage Better the Payroll of Your Employees 

Hppy

Do you want to figure out how you can manage your payroll effectively? From processing paychecks, keeping track of labor laws, maintaining compliance, calculating deductions and bonuses, and tracking all tax-related documentation, payroll is an aspect of business that is fraught with the potential for mistakes. .

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Congress passes SECURE 2.0 Act, making important changes to 401(k)s

Business Management Daily

which was enacted in 2019. Congress has chosen to pay for it by mandating that plans offering certain 401(k) features, like catch-up contributions, be made on an after-tax, Roth basis. Every mention of the word “Roth” will require significant adjustments to your payroll system to accommodate after-tax withholding.

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Single Touch Payroll Phase 2: What to expect

Ascender

Single Touch Payroll (STP) left the Australian payroll world abuzz in the past year, with how it changed the way business reported their payroll information to the Australian Taxation Office (ATO). The first phase of STP reporting included high-level data such as Gross, Tax, Allowances, Deductions, Lump Sums and Fringe Benefits.

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Why Now is the Time to Reevaluate Your Payroll System for 2019

Hireology

The final quarter of the year is now under way, meaning you’re likely already setting business goals for 2019. And the end of the year is also ideal for evaluating any systems or vendor solutions you have in place to determine whether or not they’ve helped your business reach its 2018 goals. Cut Back on Annual Payroll System Fees.

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Single Touch Payroll is getting a facelift

Ascender

Single Touch Payroll (STP) left the Australian payroll world abuzz in the past year, with how it changed the way business reported their payroll information to the Australian Taxation Office (ATO). The first phase of STP reporting included high-level data such as Gross, Tax, Allowances, Deductions, Lump Sums and Fringe Benefits.

Payroll 40