HR Digest
MAY 22, 2025
The bipartisan passing of Senate Bill 129 is being celebrated as a win , offering significant tax relief for service industry workers, but when does the No Tax on Tips bill go into effect? Those who benefit from the No Tax on Tips bill could see tax deductions of up to $25,000, which is no small number.
HR Digest
MAY 6, 2025
When does No Tax on Overtime start, and what does the overtime tax exemption bill pass date mean for you? The HR Digest answers key questions on the relief bill, including policy updates and the No Tax on Overtime bill pass date. But when does No Tax on Overtime start, and what does the bill pass date mean for you?
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WEX Inc.
JULY 31, 2024
In fact, virtual card transactions are projected to grow from $3 trillion in 2024 to $11 trillion by 2028. It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax, and investment advisers. Simply hit the “Subscribe” button above or submit your email address in the form below.
Employee Benefits
MARCH 6, 2024
This means that a person on the average wage now has the lowest effective personal tax rate since 1975. According to Spring Budget documents, the Office for Budget Responsibility (OBR) has forecast that the latest reduction means the total hours worked will increase by the equivalent of almost 100,000 full-time workers by 2028-29.
Employee Benefits
FEBRUARY 21, 2024
Furthermore, the cut must be viewed in the context of a creeping counterbalance known as fiscal drag, caused by the government’s freeze in the tax and NIC thresholds until April 2028. Until the 2022/23 tax year, governments have normally increased the tax and NIC thresholds annually.
Employee Benefits
NOVEMBER 17, 2022
Chancellor of the exchequer Jeremy Hunt told the House of Commons in his autumn budget that the freeze would continue to April 2028. “A lower tax regime keeps unemployment low, maximises government receipts through income tax and corporation tax.
Employee Benefits
NOVEMBER 17, 2022
Autumn budget 2022: The government will maintain the current freeze on income tax personal allowance and higher-rate tax thresholds until April 2028. Chancellor of the exchequer Jeremy Hunt told the House of Commons that personal tax thresholds, including income tax, will be frozen for further two years until 2028.
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