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Looking ahead to 2025 tax limits as you prepare to file your 2024 return

by DunlapSLK | Feb 5, 2025 | Resources For Individual Taxpayers

Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation. That’s understandable because your 2024 individual tax return is due to be filed by April 15 (unless you file for an extension). However, it’s a good...

The standard business mileage rate increased in 2025

by DunlapSLK | Feb 5, 2025 | Resources For Employers, Resources For Individual Taxpayers

The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible cost of operating an automobile for business has also gone up. The IRS recently announced that the 2025 cents-per-mile...

DOL’s final rule on overtime eligibility appears doomed

by DunlapSLK | Feb 5, 2025 | Resources For Employers

In April 2024, the U.S. Department of Labor (DOL) announced it was rolling out a new final rule on eligibility for overtime pay. The move prompted mixed reactions from observers, much concern among employers and, inevitably, legal challenges from its staunchest...
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Recent Posts

  • The One, Big, Beautiful Bill Act extends many business-friendly tax provisions
  • President Trump signs his One, Big, Beautiful Bill Act into law
  • The U.S. Senate passes its version of President Trump’s tax bill
  • 5 tax breaks on the table: What business owners should know about the latest proposals
  • The House passes The One, Big, Beautiful Bill Act: An overview of its tax provisions

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