Everything you always wanted to know about payroll and labor laws but were afraid to ask
If you have a life insurance policy or a kupat gemel savings account, you have 10 days left (until the end of the tax year) to capitalize on the tax benefits by making a deposit by Dec 31st. If you are self-employed use the deposit slip to claim your tax deduction when filing your taxes. …
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The mandatory pension law was recently updated (Sept 7, 2010).Originally planned for gradual annual updates from 2008 – 2013, when the mandatory % will reach 15% (5% employee, 5% employer and 5% severance pay -employer) The new revision now ads another year (2014).Starting Jan 1, 2014 the mandatory pension will be 17.50% as follows:employee – …