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compliance
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docs/build/html/_sources/compliance.rst.txt
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docs/build/html/_sources/compliance.rst.txt
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@@ -52,7 +52,7 @@ direct deposit. Beyond ensuring timely payment, payroll practitioners are also r
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payroll-related information to all relevant stakeholders, supporting transparency, compliance, and organizational
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payroll-related information to all relevant stakeholders, supporting transparency, compliance, and organizational
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accountability.
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accountability.
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**Payroll** is the process of paying employees in exchange for the services they perform. The
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**Payroll** is the process of paying employees in exchange for the work they perform. The
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term payroll can refer to:
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term payroll can refer to:
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- the department that administers the payroll
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- the department that administers the payroll
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- the total number of people employed by an organization
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- the total number of people employed by an organization
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@@ -698,9 +698,9 @@ Opportunity for Profit
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~~~~~~~~~~~~~~~~~~~~~~~~~
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~~~~~~~~~~~~~~~~~~~~~~~~~
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A business relationship is often indicated when a worker has the ability to realize a profit or incur a loss, reflecting their
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A business relationship is often indicated when a worker has the ability to realize a profit or incur a loss, reflecting their
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control over the financial and operational aspects of the services they provide. Self-employed individuals typically
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control over the financial and operational aspects of the services they provide. Self-employed individuals typically
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negotiate their own rates, choose which contracts to accept, and may take on multiple contracts simultaneously. To fulfill
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negotiate their own rates, choose which contracts to accept, and may take on multiple contracts simultaneously. To fulfill
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contractual obligations, they often incur and manage expenses, which directly influence their potential for profit.
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contractual obligations, they often incur and manage expenses, which directly influence their potential for profit.
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In contrast, employees generally do not bear financial risk or benefit from profit. While commission-based employees may
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In contrast, employees generally do not bear financial risk or benefit from profit. While commission-based employees may
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increase their earnings through performance, this does not represent profit in the traditional sense, as it does not reflect
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increase their earnings through performance, this does not represent profit in the traditional sense, as it does not reflect
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docs/build/html/compliance.html
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@@ -86,7 +86,7 @@ compensated accurately and on time, in accordance with legislative requirements
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direct deposit. Beyond ensuring timely payment, payroll practitioners are also responsible for effectively communicating
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direct deposit. Beyond ensuring timely payment, payroll practitioners are also responsible for effectively communicating
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payroll-related information to all relevant stakeholders, supporting transparency, compliance, and organizational
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payroll-related information to all relevant stakeholders, supporting transparency, compliance, and organizational
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accountability.</p>
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accountability.</p>
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<p><strong>Payroll</strong> is the process of paying employees in exchange for the services they perform. The
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<p><strong>Payroll</strong> is the process of paying employees in exchange for the work they perform. The
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term payroll can refer to:</p>
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term payroll can refer to:</p>
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<blockquote>
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<blockquote>
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<div><ul class="simple">
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<div><ul class="simple">
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@@ -670,12 +670,10 @@ reflect the autonomy and financial risk typically associated with self-employmen
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</section>
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</section>
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<section id="opportunity-for-profit">
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<section id="opportunity-for-profit">
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<h3><span class="section-number">4.6.9. </span>Opportunity for Profit<a class="headerlink" href="#opportunity-for-profit" title="Link to this heading">¶</a></h3>
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<h3><span class="section-number">4.6.9. </span>Opportunity for Profit<a class="headerlink" href="#opportunity-for-profit" title="Link to this heading">¶</a></h3>
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<dl class="simple">
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<p>A business relationship is often indicated when a worker has the ability to realize a profit or incur a loss, reflecting their
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<dt>A business relationship is often indicated when a worker has the ability to realize a profit or incur a loss, reflecting their</dt><dd><p>control over the financial and operational aspects of the services they provide. Self-employed individuals typically
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control over the financial and operational aspects of the services they provide. Self-employed individuals typically
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negotiate their own rates, choose which contracts to accept, and may take on multiple contracts simultaneously. To fulfill
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negotiate their own rates, choose which contracts to accept, and may take on multiple contracts simultaneously. To fulfill
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contractual obligations, they often incur and manage expenses, which directly influence their potential for profit.</p>
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contractual obligations, they often incur and manage expenses, which directly influence their potential for profit.</p>
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</dd>
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</dl>
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<p>In contrast, employees generally do not bear financial risk or benefit from profit. While commission-based employees may
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<p>In contrast, employees generally do not bear financial risk or benefit from profit. While commission-based employees may
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increase their earnings through performance, this does not represent profit in the traditional sense, as it does not reflect
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increase their earnings through performance, this does not represent profit in the traditional sense, as it does not reflect
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income earned beyond expenses. Moreover, employees do not typically share in a business’s profits or losses.</p>
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income earned beyond expenses. Moreover, employees do not typically share in a business’s profits or losses.</p>
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