The Biden administration is proposing a federal minimum wage increase to $15 an hour by 2025—a controversial decision that could provide a significant wage increase to low-wage workers. Many businesses support a boost to the federal minimum wage, while others argue that payroll costs may skyrocket and they would be forced to lay off employees. Economists are split, too, given that some states have already planned on increasing their minimum wage in a similar timeframe.  

With so many potential changes upcoming, being ready to face those changes is critical. There are various hurdles this proposal must pass through before becoming law, but we can help prepare you for when it does. Whether you have one employee or employ a small army, we have the right services to ensure your payroll is organized, compliant, and streamlined. Here at Primary Payroll we have a team of experts to meet your payroll needs. Contact us today to see how we can help your business.

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