Business owners need to pay special attention
About TS Emporium
TS Emporium Inc. is the largest supplier of traditional Chinese medicine, American ginseng and Asian delicacies in the United States. Founded in 1979, Dechengxing operates five retail stores in the greater Los Angeles area. Its business also includes wholesale and e-commerceRobbery from the rich and giving to the poor? California income taxes are rising again! | “Business Transparency Act” expands impact to small businesses
by KCAL | Feb 9, 2024 | Huaxing Viewpoint
California “robs from the rich and gives to the poor” and income taxes are rising again, and middle- and high-income employees will face a heavier tax burden. How much will employee wages increase?
The latest survey shows that the average salary
Increase of companies in 2024 will remain at a high level. The Corporate Transparency Act extends its impact to small businesses. their beneficial owner information to FinCEN in the New Year to avoid unnecessary fines and legal Special Database liabilities. This issue brings a detailed introduction. If you want to know more information, welcome to attend the Huaxing Insurance 2024 Corporate Employer Symposium , which will bring you more information.
Click to register for the Employer Symposium
Huaxing Insurance Manager Weekly, five minutes every week, brings you the latest news on American company operations and talent management.
California Disability Insurance tax rate increases cap removed
Recently, California Governor Newsom signed a new bill that cancels the existing taxable salary cap for State Disability Cameroon Phone Number List Insurance (SDI) and raises the SDI tax rate to 1.1%. This will once again increase the tax burden on middle- and high-income employees whose main source of income is salary. According to a statement from the California government, the bill is mainly used to fund California’s.
For employers, if they want to help employees reduce. The impact of SDI tax increases, they can provide employees with a Voluntary Plan (VP) as an alternative to the state disability insurance plan. Employers need to meet certain conditions to submit an application to EDD, and after approval, they can provide employees with a VP plan to replace state SDI . You can click here to visit the EDD website for details.
