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The BofA report found that payroll payments rose 1.7% in December at small businesses. Data is culled from Bank of America's business clients with less than $5 million in annual revenue.
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Gusto, Inc. is a company that provides a cloud-based payroll, benefits, and human resource management software for businesses based in the United States.Gusto handles payments to employees, and contractors and also handles electronically the paperwork necessary to help client companies comply with tax, labor, and immigration laws.
sba.gov. The United States Small Business Administration ( SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses ...
For small employers when the employer's annual gross revenues are less than $500,000, the minimum wage became $8.63 on January 1, 2023. Overtime applies after 48 hours per week. Minneapolis: $14.50 for businesses with 100 or fewer employees; $15.57 for businesses with 101 or more employees, effective January 1, 2024.
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