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Change is happening in the professional services industry. Today, 51% of small business owners in the U.S. are age 55 or older. Based on demographics alone, the exit strategies for most of these business owners will come into play in the next 10 years. With anestimated total value of more than $6 trillion, the impending business transitions will be the largest generational wealth transfer in history.
The commercial real estate market continues to adjust to shifting office space needs since the pandemic. Even as employers implement return-to-office (RTO) policies, in-office work hours are 30% lower than pre-pandemic norms and projected to remain there.
Stay updated on July 2024 minimum wage changes across various states. Our comprehensive list aids businesses in navigating payroll complexities and staying compliant with evolving wage and tax regulations.