Ten Small Cities to Start a Business in 2023
Are you starting a new business? Have you thought about where you would like to start a business? Learn more about the best small cities to start a business.
National Payroll Week, which runs annually the week of Labor Day, is upon us. For the 156 million wage earners in the U.S., utilizing the facts and figures listed on a paystub can prove to be one of the most important personal finance tools. As Americans gather this Labor Day to pay tribute to the contribution workers make to the strength, prosperity, and well-being of the country, here is some advice to help workers make the most of their paychecks.
National Payroll Week, which runs annually the week of Labor Day, is upon us. For the 156 million wage earners in the U.S., utilizing the facts and figures listed on a paystub can prove to be one of the most important personal finance tools. As Americans gather this Labor Day to pay tribute to the contribution workers make to the strength, prosperity, and well-being of the country, here is some advice to help workers make the most of their paychecks.
Sam Kerch, Director of Finance for Symmetry Software, says that American workers contribute through the payroll withholding system about $1.78 trillion or 70.5 percent of the annual revenue of the U.S. Treasury. “Everyday, thousands of payroll professionals ensure that those trillions of dollars are filtered through the payroll withholding system accurately.” Kerch explains. However, many workers do not realize that their paychecks can be tailored to suit their unique situation and financial needs. Furthermore, Symmetry urges workers to regularly monitor their paychecks and adjust them when life changes occur. Here are a few simple tips to keep in mind in order to make the most out of one’s paycheck:
Other ways to maximize a paycheck include taking advantage of a “cafeteria” benefit plan whereby pretax dollars are allocated to medical and dental insurance, child care expenses, or group life insurance. The impact is savings on necessary expenses through reduced income taxes. As always, when workers experience a life-changing event such as a marriage or birth of a child, workers should update their withholding on their Form W4. To learn more about maximizing paychecks, visit paycheckcity.com. To learn more about National Payroll Week, visit NationalPayrollWeek.com.
Are you starting a new business? Have you thought about where you would like to start a business? Learn more about the best small cities to start a business.
Your filing status is perhaps the most important piece of information when it comes to tax withholding. Learn which filing status applies to you.
How often should you submit a new W-4? What is your filing status? In this article, we break down some of the most common W-4 questions.