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Underwriting employees’ educational expenses tax-free
A financial debt-cost-free schooling courtesy of your employer sounds wonderful, but it’s not so clear-cut. Although quite a few companies and HR groups may perhaps be perfectly-intentioned, there is a big difference involving debt-absolutely free and tax-cost-free. This nuance appears to be frequently skipped in the continual contest to create extra beautiful added benefits choices. Several businesses give debt-cost-free education and learning as the latest in a prolonged line of in all probability taxable perks. This can still be a great way to retain workers joyful and up-to-date on capabilities. However, it is vital to thoroughly fully grasp the distinctions, right before individuals very same personnel you are trying to…
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Lawsuits on work-from-home business expenses are on the rise
In the more than two several years considering the fact that the pandemic shut down many workplaces, white-collar personnel throughout the region have been pressured to established up desks in cluttered kitchens and cramped bedrooms, reinventing how to get the job done, working day in working day out, on the fly. New social codes formulated among employees and companies, most likely modifying the nature of perform irrevocably. A different consequence of the mass relocation of workplace personnel: A increase in employee lawsuits demanding reimbursement for charges incurred while doing the job from residence throughout the pandemic. “We have tons of these in the pipeline,” explained Jacob Whitehead, an lawyer who…
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Fintechs richly rewarded for focusing on business expenses
News roundup: Last week, a slew of corporate expense management fintechs across the globe announced new funding rounds and partnerships that will support geographic expansion and product development. The Copenhagen-based corporate expense management fintech Pleo reported that it raised $200 million in a Series C round. The new unicorn nearly tripled its valuation to $4.7 billion. The US-based corporate expense management fintech Rho, founded in 2018, raised $75 million in a Series B round led by Dragoneer Investment Group. This adds up to a total of $205 million in equity and debt financing. The Norway-based expense management app developer Sonya said that it will partner with Swedish impact technology provider…
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