by DunlapSLK | Jun 21, 2022 | Resources For Employers, Resources For Individual Taxpayers, Uncategorized
The IRS recently announced that it will increase the standard mileage rate for qualified business driving for the second half of 2022. The adjustment reflects the soaring cost of gasoline this year. In fact, as of June 13, the nationwide average price of regular...
by DunlapSLK | Jun 10, 2022 | Resources For Employers, Resources For Individual Taxpayers, Uncategorized
With so many more employees working remotely over the last couple of years, many employers have had to grapple with whether to provide workers with cell phones or allow them to use personal phones for business purposes. From a fringe benefits perspective, two...
by DunlapSLK | May 12, 2022 | Resources For Employers, Uncategorized
By now, many employers have chosen to offer employees a high-deductible health plan (HDHP) along with a Health Savings Account (HSA). One interesting issue that’s arisen is, at some organizations, employees have asked whether they can make pretax HSA contributions....
by DunlapSLK | May 4, 2022 | Resources For Employers, Uncategorized
Any employer that sponsors a pension plan or a qualified retirement plan, such as a 401(k), is undoubtedly familiar with the Employee Retirement Income Security Act (ERISA). The law also applies to employer-sponsored health maintenance organization plans, Flexible...
by DunlapSLK | Apr 27, 2022 | Resources For Employers, Resources For Individual Taxpayers, Uncategorized
In 2019, the bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) — the first significant legislation related to retirement savings since 2006 — became law. Now Congress appears ready to build on that law to further increase Americans’...
by DunlapSLK | Apr 14, 2022 | Resources For Employers, Uncategorized
The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by...
