Access the
North Dakota Workforce Safety & Insurance
here.
The North Dakota Workforce Safety & Insurance (WSI) agency is responsible for providing workers' compensation coverage to employees in the state of North Dakota. WSI ensures that employers comply with state laws regarding workplace safety and injury compensation.
As a business owner, selecting the appropriate structure for your venture is highly important. This choice impacts everything from your personal liability to how you pay taxes and even the way you raise capital.
Among the various options — from the simplicity of a sole proprietorship to the more complex C corporation — lies the increasingly popular limited liability company (LLC).
The LLC, a hybrid entity, offers a unique blend of flexibility and protection. It stands out for its ability to combine the operational ease of a sole proprietorship or general partnership with the liability protection typically associated with corporations.
As a taxpayer, it’s important to stay informed and up-to-date on a yearly basis. However, navigating the complexities of payroll compliance doesn’t need to be as complicated as it may seem. This is your definitive guide to understanding the FICA tax rate for 2024.
What Is FICA? The Federal Insurance Contributions Act, commonly known as FICA, is a U.S. federal payroll tax that plays a critical role in funding Social Security and Medicare programs. All employee paychecks you issue will have two key deductions: 6.2% for Social Security tax and 1.45% for Medicare tax.
Overtime pay regulations can be challenging, especially when legal changes and court rulings change the plan. Recent developments in Texas — including a federal court’s decision to block proposed changes to overtime eligibility — have called into question how overtime works in the state.
This article shares the current overtime rules, the implications of recent legal rulings, and best practices for business compliance with Mosey.
Kaitlin Edwards |Jan 24, 2025
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