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fromBusiness Matters
1 week ago

Jobs growth collapses ahead of budget as businesses cut staff at fastest rate since the pandemic

The resulting confusion froze investment and hiring plans. Several business surveys have shown sharp recruitment pullbacks since her first budget in October 2024, when she introduced a £25bn payroll tax as part of £40bn in wider hikes. In contrast, last week's budget focused mainly on raising taxes on consumers, including extending the freeze on income-tax thresholds - a move that will ultimately push one in four workers into the 40% bracket.
UK politics
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US politics
fromFast Company
3 months ago

No tax on tips and overtime: Full list of 68 jobs eligible for the write-off under Trump's Big Beautiful Bill

The No Tax on Tips provision allows eligible employees to deduct tip and overtime income up to $25,000 and expands certain employer payroll tax credits.
US politics
fromFast Company
5 months ago

'No Tax on Tips' is now the law: What workers should know about timeline, how paychecks will be impacted

The "No Tax on Tips" provision allows eligible tipped workers to deduct a portion of their income from tips on their federal income taxes.
UK politics
fromBusiness Matters
6 months ago

Hiring revival in doubt as employer confidence wanes over tax rises and workers' rights bill

UK hiring recovery is uncertain due to rising payroll taxes and employer concerns over economic conditions.
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