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The Coronavirus Aid, Relief and Economic Security (CARES) Act: An employer’s guide

Insperity

Note that Accommodation & Food Services businesses (NAICS code starting with 72) are allowed 500 employees per location. Loans are available and serviced through existing SBA-certified lenders, including banks, credit unions and other financial institutions. Loan process. The CARES Act directs the SBA and the U.S.

Security 245
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Everything You Need to Know About Emergency Funds

Success

If you have dependents, heavy debt or access to other funds, like a partner’s salary or unemployment insurance, the amount you need to save will vary. Consider the minimum amount you spend each month on non-negotiable expenses like: Housing Food Utilities Insurance (health, car, etc.) How much should an emergency fund be?

Banking 119
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Business owner beware: FLSA compliance and personal liability

Insperity

And if you think insurance can shield you from such expenses, think again. In reality, employment practices liability insurance (EPLI), which may protect a business against claims made by employees in some areas, may not cover wage and hour issues. I build extra pay into employees’ salaries to make up for any overtime.

Legal 187
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3 Steps to Take Before Going Into Business for Yourself

Success

Next, you’ll need to consider your current company benefits such as health insurance and retirement plans. If that’s not an option, you’ll need to get on a health insurance plan for self-employed individuals. Ideally, you should have at least two years’ worth of non-discretionary expenses in the bank. Create a plan.

Insurance 128
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Why more middle class Americans are defining themselves as working class

Work Life

Meanwhile, 53% of Gen Z says the high cost of living is a barrier to financial success, according to a Bank of America survey.Inflation is partly to blame. Grocery store food prices were 1.2% Car insurance is up 20.6% Car insurance is up 20.6% higher in January 2024 than in January 2023, according to the U.S.

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Survey finds that Gen Z is actually the most likely to create a budget

Work Life

British bank NatWest’s recently released Savings Index includes some revealing statistics about Gen Z financial habits. Essential spending on items like vehicle insurance, rent, and food has gone up at rates significantly higher than that of wages. However, a new study is putting that notion to rest.

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5 Financial Basics Everyone Should Know

Success

To use this budgeting technique, allocate 50% of your income to needs (rent, food, utilities, car payments, etc.), Research the best interest rate and lowest fees, and make sure that the bank you choose is FDIC insured. There are multiple ways to create a budget. 30% to wants and 20% to savings and debt repayment.

Finance 116