End of Q3 2024

Today is the end of the third quarter of 2024. For the federal government, it’s the start of its 2025 fiscal year. For small businesses, it’s time to start planning for Q1 2025. Start developing a budget, factoring in continued inflation. For example, Payscale projects that compensation for U.S. employees will rise on average by 3.5% in 2025. Get your health coverage, retirement plans, and other employee benefits lined up for 2025. Continue to monitor economic indicators so you can respond promptly to likely scenarios. Watch for tax law changes that could come after the November election. #IdeaoftheDay