News

Business Mileage, Medical and Moving Rates Increase On Dec. 17, 2021, the IRS  announced the 2022 optional standard mileage rates, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical, or…

A reminder for employers to properly classify employees’ FLSA Status by 12/15/2021 The Fair Labor Standards Act, or FLSA, is a federal law that sets basic standards for minimum wage and overtime pay. Although the rules might seem…

401(k) Contribution Limit Increased to $20,500 The Internal Revenue Service (IRS) has released Notice 2021-61, which contains cost-of-living adjustments for 2022 that affect amounts employees can contribute to 401(k) plans and individual retirement accounts (IRAs). The…