As most of you know, voters in the state of Florida have approved Amendment 2, which means that Florida will raise the minimum wage gradually to $15 an hour by the Year 2026. Florida is the eighth state in the country that will increase the minimum wage to $15 over the years; other states...
How Does the Wage Cap Increase Affect Your Business?
Nov 10, 2021
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As of January 1st, 2022, the new wage cap amount on an individual's earnings will be subject to $147,000 compared to $142,800 cap in 2021.
What does this mean for Self-Employed, Employees, and Employers, and how does this impact your bottom line? Let's break it down one step at a...