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Retirement
Safe Harbor 401(k): What Is It?
A Safe Harbor 401(k) is a type of retirement savings plan designed to simplify compliance with IRS nondiscrimination rules while offering significant benefits to both employers and employees. Unlike traditional 401(k) plans, a Safe Harbor plan requires employers to make…
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Business
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Business
What Does It Mean to License Your Business?
Licensing your business means obtaining the necessary permits or approvals from local, state, or federal…
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State and Local Taxes
Who Pays for Tariffs? Exploring the Economic Impact of Import Taxes
When discussing tariffs, a critical question arises: Who pays for tariffs, and how do they affect the economy? Tariffs are taxes imposed by governments on imported goods, typically paid by importers when the goods cross national borders. However, the financial…
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Calculator
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Paycheck Calculator
New Mexico Paycheck Calculator 2024 - 2025
The question “How much is taken out of paycheck in New Mexico?” depends on several factors. These include the number of employees, the frequency of their payments, and how much tax they pay. Also, you need to factor in deductions…
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