There’s been a lot of talk about the economy lately. From inflation to employment, wages, rising interest rates, and more, 2022 is starting out as a year where the economy is set to take center stage.
“They share any information that’s available concerning our business or things that might affect our business. And I think they also are very effective in helping you understand why you need to look at things differently if you’re not looking at them the right way.
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We are constantly on the alert for all the latest industry news, legislative updates, trends and more that could possibly impact your staffing business. Our president and CEO, Julie Ann Blazei, also shares her insights on the staffing industry in her message (link below). And when we don’t see information about a topic we feel is critical for you to know, we create it ourselves to share in our monthly email.
There’s been a lot of talk about the economy lately. From inflation to employment, wages, rising interest rates, and more, 2022 is starting out as a year where the economy is set to take center stage.
After facing another tumultuous year, we’re getting ready to wrap up 2021 and are looking to 2022 with hope and anticipation. If there’s anything we’ve learned over the last two years, it’s that sometimes it can be hard to know what to expect.
That’s why it’s important to be prepared for the changes we know are coming — specifically tax and wage changes.
We don’t need to tell you that 2020 was a tough year for staffing. The industry as a whole was down approximately 11 percent for the year. In 2021 the industry has reversed course and is currently at 16 percent growth overall, with some segments greatly exceeding this mark.
Will this trend continue for 2022?
The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they do or do not offer to their employees.
